TheStreet downgraded shares of China Petroleum & Chemical Corp. (NYSE:SNP) from a buy rating to a hold rating in a report published on Monday.

SNP has been the topic of several other research reports. Zacks Investment Research raised China Petroleum & Chemical Corp. from a hold rating to a strong-buy rating and set a $83.00 price objective on the stock in a research report on Friday, August 12th. Macquarie raised China Petroleum & Chemical Corp. from a neutral rating to an outperform rating in a research report on Monday, July 25th. Four research analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of Buy and a consensus target price of $83.00.

China Petroleum & Chemical Corp. (NYSE:SNP) opened at 71.20 on Monday. The company has a 50 day moving average price of $71.54 and a 200-day moving average price of $69.14. The company has a market cap of $86.20 billion, a PE ratio of 21.58 and a beta of 0.96. China Petroleum & Chemical Corp. has a 12 month low of $48.28 and a 12 month high of $75.53.

The company also recently declared a dividend, which was paid on Monday, September 12th. Stockholders of record on Monday, September 12th were given a dividend of $1.045 per share. The ex-dividend date of this dividend was Thursday, September 8th. This is a boost from China Petroleum & Chemical Corp.’s previous dividend of $0.82. China Petroleum & Chemical Corp.’s dividend payout ratio is currently 55.72%.

Hedge funds and other institutional investors have recently modified their holdings of the stock. BlackRock Advisors LLC boosted its position in shares of China Petroleum & Chemical Corp. by 14.7% in the second quarter. BlackRock Advisors LLC now owns 1,892 shares of the company’s stock worth $136,000 after buying an additional 242 shares in the last quarter. Barclays PLC purchased a new position in shares of China Petroleum & Chemical Corp. during the second quarter worth approximately $210,000. BTC Capital Management Inc. boosted its position in shares of China Petroleum & Chemical Corp. by 1.6% in the first quarter. BTC Capital Management Inc. now owns 3,411 shares of the company’s stock worth $221,000 after buying an additional 54 shares in the last quarter. Bluefin Trading LLC purchased a new position in shares of China Petroleum & Chemical Corp. during the second quarter worth approximately $254,000. Finally, KCG Holdings Inc. purchased a new position in shares of China Petroleum & Chemical Corp. during the second quarter worth approximately $302,000. 0.79% of the stock is currently owned by hedge funds and other institutional investors.

China Petroleum & Chemical Corp. Company Profile

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.

5 Day Chart for NYSE:SNP

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