Shares of China Petroleum & Chemical Corp. (NYSE:SNP) gapped up prior to trading on Tuesday . The stock had previously closed at $72.13, but opened at $72.48. China Petroleum & Chemical Corp. shares last traded at $73.91, with a volume of 48,697 shares changing hands.

Several brokerages have recently issued reports on SNP. Mizuho lowered shares of China Petroleum & Chemical Corp. from a “buy” rating to a “neutral” rating in a research report on Thursday, May 5th. Macquarie upgraded shares of China Petroleum & Chemical Corp. from a “neutral” rating to an “outperform” rating in a research report on Monday. Zacks Investment Research lowered shares of China Petroleum & Chemical Corp. from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, June 8th. TheStreet raised shares of China Petroleum & Chemical Corp. from a “hold” rating to a “buy” rating in a research note on Tuesday, May 3rd. Finally, Credit Suisse Group AG downgraded shares of China Petroleum & Chemical Corp. from an “outperform” rating to a “neutral” rating in a research note on Tuesday, March 29th. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $74.00.

The firm has a 50-day moving average of $71.23 and a 200-day moving average of $64.59. The firm has a market cap of $89.62 billion and a PE ratio of 16.08.

Other large investors recently bought and sold shares of the company. Bank of Montreal Can boosted its stake in 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 last quarter. Russell Frank Co boosted its stake 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 worth $1,463,000 after buying an additional 8,200 shares during the last quarter. First Trust Advisors LP boosted its stake 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 worth $1,657,000 after buying an additional 3,370 shares during the last quarter. Deere & Co. boosted its stake in 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 last quarter. Finally, Trilogy Global Advisors LP boosted its stake 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 worth $40,766,000 after buying an additional 120,207 shares during 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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