Shares of China Petroleum & Chemical Corp. (NYSE:SNP) gapped down prior to trading on Tuesday . The stock had previously closed at $70.85, but opened at $72.04. China Petroleum & Chemical Corp. shares last traded at $74.36, with a volume of 87,302 shares trading hands.

SNP has been the subject of several recent analyst reports. Mizuho cut shares of China Petroleum & Chemical Corp. from a “buy” rating to a “neutral” rating in a research note on Thursday, May 5th. Zacks Investment Research downgraded shares of China Petroleum & Chemical Corp. from a “strong-buy” rating to a “hold” rating in a report on Wednesday, June 8th. 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. Finally, TheStreet upgraded shares of China Petroleum & Chemical Corp. from a “hold” rating to a “buy” rating in a report on Tuesday, May 3rd. Six investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. China Petroleum & Chemical Corp. presently has a consensus rating of “Hold” and an average price target of $74.00.

The company has a 50 day moving average price of $69.81 and a 200 day moving average price of $63.49. The stock has a market capitalization of $90.02 billion and a price-to-earnings ratio of 16.15.

Other institutional investors have recently added to or reduced their stakes in the company. Trilogy Global Advisors LP raised its position in China Petroleum & Chemical Corp. by 21.5% in the fourth quarter. Trilogy Global Advisors LP now owns 679,647 shares of the company’s stock valued at $40,766,000 after buying an additional 120,207 shares in the last quarter. Deere & Co. raised its position in China Petroleum & Chemical Corp. by 8.1% in the fourth quarter. Deere & Co. now owns 42,416 shares of the company’s stock valued at $2,544,000 after buying an additional 3,167 shares in the last quarter. Russell Frank Co raised its position in China Petroleum & Chemical Corp. by 50.7% in the fourth quarter. Russell Frank Co now owns 24,368 shares of the company’s stock valued at $1,463,000 after buying an additional 8,200 shares in the last quarter. Oxford Asset Management raised its position in China Petroleum & Chemical Corp. by 565.9% in the fourth quarter. Oxford Asset Management now owns 43,446 shares of the company’s stock valued at $2,606,000 after buying an additional 36,922 shares in the last quarter. Finally, First Trust Advisors LP raised its position in 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 valued at $1,657,000 after buying an additional 3,370 shares in the last quarter.

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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