China Petroleum & Chemical Corp. (SNP) Sees Large Volume Increase
Shares of China Petroleum & Chemical Corp. (NYSE:SNP) saw unusually-high trading volume on Monday . Approximately 327,700 shares traded hands during trading, an increase of 204% from the previous session’s volume of 107,884 shares.The stock last traded at $73.37 and had previously closed at $71.34.
SNP has been the subject of a number of recent analyst reports. Zacks Investment Research downgraded shares of China Petroleum & Chemical Corp. from a “strong-buy” rating to a “hold” rating in a report on Wednesday, June 8th. Macquarie raised shares of China Petroleum & Chemical Corp. from a “neutral” rating to an “outperform” rating in a report on Monday, July 25th. Three equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $83.00.
The company has a market capitalization of $88.83 billion and a price-to-earnings ratio of 22.23. The company’s 50-day moving average is $72.49 and its 200 day moving average is $67.93.
The business also recently disclosed a dividend, which will be paid on Monday, September 12th. Shareholders of record on Monday, September 12th will be given a $1.045 dividend. This is an increase from China Petroleum & Chemical Corp.’s previous dividend of $0.82. The ex-dividend date is Thursday, September 8th.
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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.