Shares of China Petroleum & Chemical Corp. (NYSE:SNP) saw unusually-strong trading volume on Tuesday . Approximately 141,163 shares changed hands during trading, an increase of 60% from the previous session’s volume of 88,436 shares.The stock last traded at $72.18 and had previously closed at $71.67.

A number of equities research analysts have issued reports on SNP shares. TheStreet upgraded shares of China Petroleum & Chemical Corp. from a “hold” rating to a “buy” rating in a report on Tuesday, May 3rd. Zacks Investment Research upgraded shares of China Petroleum & Chemical Corp. from a “strong sell” rating to a “hold” rating in a report on Wednesday, April 20th. Mizuho cut shares of China Petroleum & Chemical Corp. from a “buy” rating to a “neutral” rating in a report on Thursday, May 5th. Finally, Macquarie upgraded shares of China Petroleum & Chemical Corp. from a “neutral” rating to an “outperform” rating in a report on Monday, July 25th. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $74.00.

The company’s 50-day moving average price is $71.90 and its 200 day moving average price is $65.88. The company has a market capitalization of $87.43 billion and a price-to-earnings ratio of 15.69.

Other large investors recently modified their holdings of the company. 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 last quarter. 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 last quarter. Finally, 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 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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