China Petroleum & Chemical Corp. (NYSE:SNP) has been given a consensus rating of “Buy” by the six brokerages that are covering the firm. Four research analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $83.00.

Several brokerages have recently issued reports on SNP. Zacks Investment Research raised shares of China Petroleum & Chemical Corp. from a “hold” rating to a “strong-buy” rating and set a $83.00 price objective for the company in a research report on Friday, August 12th. TheStreet downgraded shares of China Petroleum & Chemical Corp. from a “buy” rating to a “hold” rating in a research report on Monday, September 19th.

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China Petroleum & Chemical Corp. (NYSE:SNP) opened at 69.71 on Friday. The firm’s 50-day moving average is $72.52 and its 200-day moving average is $71.37. The firm has a market cap of $84.55 billion, a price-to-earnings ratio of 16.21 and a beta of 1.25. China Petroleum & Chemical Corp. has a 52-week low of $48.28 and a 52-week high of $77.93.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SNP. SG Americas Securities LLC increased its position in China Petroleum & Chemical Corp. by 131.0% in the second quarter. SG Americas Securities LLC now owns 8,387 shares of the company’s stock worth $604,000 after buying an additional 35,438 shares during the period. Emerald Acquisition Ltd. acquired a new position in China Petroleum & Chemical Corp. during the second quarter worth $2,061,000. Societe Generale acquired a new position in China Petroleum & Chemical Corp. during the second quarter worth $604,000. World Asset Management Inc increased its position in China Petroleum & Chemical Corp. by 8.3% in the second quarter. World Asset Management Inc now owns 15,789 shares of the company’s stock worth $1,137,000 after buying an additional 1,212 shares during the period. Finally, BTC Capital Management Inc. increased its position in China Petroleum & Chemical Corp. by 7.2% in the second quarter. BTC Capital Management Inc. now owns 3,656 shares of the company’s stock worth $264,000 after buying an additional 245 shares during the period. 0.69% of the stock is owned by institutional investors and hedge funds.

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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