Shares of China Petroleum & Chemical Corp. (NYSE:SNP) saw strong trading volume on Tuesday . 141,163 shares changed hands during mid-day 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.

Several equities analysts have commented on the company. Macquarie upgraded China Petroleum & Chemical Corp. from a “neutral” rating to an “outperform” rating in a research report on Monday, July 25th. Zacks Investment Research downgraded China Petroleum & Chemical Corp. from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, June 8th. Mizuho downgraded China Petroleum & Chemical Corp. from a “buy” rating to a “neutral” rating in a research report on Thursday, May 5th. Finally, TheStreet upgraded China Petroleum & Chemical Corp. from a “hold” rating to a “buy” rating in a research report on Tuesday, May 3rd. Five analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $74.00.

The stock has a 50-day moving average price of $71.94 and a 200 day moving average price of $65.92. The company has a market capitalization of $87.54 billion and a P/E ratio of 15.71.

Other hedge funds recently added to or reduced their stakes in the company. Russell Frank Co raised 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 raised 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. Finally, Bank of Montreal Can raised 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.

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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