China Petroleum & Chemical Corp. (SNP) Sees Strong Trading Volume
China Petroleum & Chemical Corp. (NYSE:SNP) saw an uptick in trading volume on Friday . 91,950 shares were traded during mid-day trading, a decline of 2% from the previous session’s volume of 94,114 shares.The stock last traded at $71.96 and had previously closed at $71.60.
SNP has been the topic of a number of research reports. Mizuho downgraded China Petroleum & Chemical Corp. from a “buy” rating to a “neutral” rating in a research note on Thursday, May 5th. TheStreet upgraded China Petroleum & Chemical Corp. from a “hold” rating to a “buy” rating in a research note on Tuesday, May 3rd. Macquarie upgraded China Petroleum & Chemical Corp. from a “neutral” rating to an “outperform” rating in a research note on Monday, July 25th. Finally, Zacks Investment Research downgraded China Petroleum & Chemical Corp. from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, June 8th. Four analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $83.00.
The company has a market cap of $87.42 billion and a P/E ratio of 15.69. The firm’s 50-day moving average is $72.62 and its 200 day moving average is $67.36.
A hedge fund recently raised its stake in China Petroleum & Chemical Corp. stock. Bank of Montreal Can increased its position in China Petroleum & Chemical Corp. (NYSE:SNP) by 5.9% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund 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 as of its most recent SEC filing.
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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