China Petroleum & Chemical Corp. (SNP) Sees Strong Trading Volume
China Petroleum & Chemical Corp. (NYSE:SNP) shares saw an uptick in trading volume on Friday . 91,950 shares were traded during 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.
Several brokerages recently commented 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 target for the company in a research report on Friday, August 12th. Macquarie upgraded shares of China Petroleum & Chemical Corp. from a “neutral” rating to an “outperform” rating in a research note on Monday, July 25th. Mizuho downgraded shares of China Petroleum & Chemical Corp. from a “buy” rating to a “neutral” rating in a research note on Thursday, May 5th. Finally, TheStreet upgraded shares of China Petroleum & Chemical Corp. from a “hold” rating to a “buy” rating in a research note on Tuesday, May 3rd. Four analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $83.00.
The stock has a 50 day moving average of $72.62 and a 200-day moving average of $67.36. The firm has a market capitalization of $87.42 billion and a P/E ratio of 15.69.
An institutional investor recently raised its position in China Petroleum & Chemical Corp. stock. Bank of Montreal Can boosted its stake in China Petroleum & Chemical Corp. (NYSE:SNP) by 5.9% during the fourth quarter, according to its most recent disclosure with the SEC. The firm 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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