China Petroleum & Chemical Corp. (NYSE:SNP)’s share price gapped up prior to trading on Tuesday . The stock had previously closed at $71.31, but opened at $71.49. China Petroleum & Chemical Corp. shares last traded at $72.30, with a volume of 32,102 shares.

A number of equities research analysts have commented on SNP shares. TheStreet upgraded shares of China Petroleum & Chemical Corp. from a “hold” rating to a “buy” rating in a research note on Tuesday, May 3rd. 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 cut shares of China Petroleum & Chemical Corp. from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, June 8th. Finally, Macquarie upgraded shares of China Petroleum & Chemical Corp. from a “neutral” rating to an “outperform” rating in a research note on Monday, July 25th. Four equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $83.00.

The company has a market cap of $87.16 billion and a PE ratio of 15.64. The stock’s 50 day moving average is $72.53 and its 200-day moving average is $67.20.

An institutional investor recently raised its position in China Petroleum & Chemical Corp. stock. Bank of Montreal Can increased its stake in shares of China Petroleum & Chemical Corp. (NYSE:SNP) by 5.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,886 shares of the company’s stock after buying an additional 1,224 shares during the period. Bank of Montreal Can’s holdings in China Petroleum & Chemical Corp. were worth $1,313,000 at the end of the most recent reporting 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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