China Petroleum & Chemical Corp. (NYSE:SNP)’s share price gapped up before the market opened on Monday . The stock had previously closed at $70.03, but opened at $70.86. China Petroleum & Chemical Corp. shares last traded at $72.23, with a volume of 50,285 shares trading hands.

Several equities analysts recently issued reports on SNP shares. Zacks Investment Research raised shares of China Petroleum & Chemical Corp. from a “strong sell” rating to a “hold” rating in a report on Wednesday, April 20th. Credit Suisse Group AG downgraded shares of China Petroleum & Chemical Corp. from an “outperform” rating to a “neutral” rating in a report on Tuesday, March 29th. TheStreet raised shares of China Petroleum & Chemical Corp. from a “hold” rating to a “buy” rating in a report on Tuesday, May 3rd. Finally, Mizuho downgraded shares of China Petroleum & Chemical Corp. from a “buy” rating to a “neutral” rating in a report on Thursday, May 5th. Six research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. China Petroleum & Chemical Corp. currently has an average rating of “Hold” and an average price target of $74.00.

The firm’s 50 day moving average is $69.55 and its 200-day moving average is $63.41. The company has a market capitalization of $87.27 billion and a PE ratio of 15.66.

A number of large investors have recently modified their holdings of the stock. Bank of Montreal Can raised its stake in shares of China Petroleum & Chemical Corp. by 5.9% in the fourth quarter. Bank of Montreal Can now owns 21,886 shares of the company’s stock worth $1,313,000 after buying an additional 1,224 shares during the period. Deere & Co. raised its stake in shares of China Petroleum & Chemical Corp. by 8.1% in the fourth quarter. Deere & Co. now owns 42,416 shares of the company’s stock worth $2,544,000 after buying an additional 3,167 shares during the period. First Trust Advisors LP raised its stake in shares of China Petroleum & Chemical Corp. by 13.9% in the fourth quarter. First Trust Advisors LP now owns 27,620 shares of the company’s stock worth $1,657,000 after buying an additional 3,370 shares during the period. Russell Frank Co raised its stake in shares of China Petroleum & Chemical Corp. by 50.7% in the fourth quarter. Russell Frank Co now owns 24,368 shares of the company’s stock worth $1,463,000 after buying an additional 8,200 shares during the period. Finally, Oxford Asset Management raised its stake in shares of China Petroleum & Chemical Corp. by 565.9% in the fourth quarter. Oxford Asset Management now owns 43,446 shares of the company’s stock worth $2,606,000 after buying an additional 36,922 shares during the period.

China Petroleum & Chemical Corporation is an energy and chemical company. The Company is engaged in oil and gas, and chemical operations in the People’s Republic of China (the PRC). The Company’s segments include exploration and production segment, refining segment, marketing and distribution segment, chemicals segment, and corporate and others.

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