ValuEngine upgraded shares of China Petroleum & Chemical Corporation (NYSE:SNP) from a hold rating to a buy rating in a research report sent to investors on Monday.

A number of other research analysts have also commented on the stock. Citigroup Inc. upgraded shares of China Petroleum & Chemical Corporation from a neutral rating to a buy rating in a research note on Tuesday, August 29th. BidaskClub upgraded shares of China Petroleum & Chemical Corporation from a strong sell rating to a sell rating in a research note on Tuesday, August 22nd. Mizuho upgraded shares of China Petroleum & Chemical Corporation from a neutral rating to a buy rating in a research note on Tuesday, August 8th. Sanford C. Bernstein upgraded shares of China Petroleum & Chemical Corporation from a market perform rating to an outperform rating in a research note on Thursday, July 6th. Finally, Jefferies Group LLC lowered shares of China Petroleum & Chemical Corporation from a buy rating to a hold rating in a research note on Monday, May 15th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company. China Petroleum & Chemical Corporation has an average rating of Hold and a consensus price target of $89.00.

Shares of China Petroleum & Chemical Corporation (NYSE SNP) opened at 79.02 on Monday. The company has a market cap of $95.67 billion, a PE ratio of 11.62 and a beta of 1.16. The company has a 50 day moving average of $75.75 and a 200 day moving average of $78.91. China Petroleum & Chemical Corporation has a 1-year low of $67.82 and a 1-year high of $84.88.

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The business also recently declared a special dividend, which will be paid on Friday, October 6th. Investors of record on Tuesday, September 19th will be paid a $1.5115 dividend. The ex-dividend date of this dividend is Monday, September 18th. This represents a yield of 6.63%. China Petroleum & Chemical Corporation’s dividend payout ratio (DPR) is currently 33.84%.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Dimensional Fund Advisors LP grew its stake in China Petroleum & Chemical Corporation by 1.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,883,768 shares of the oil and gas company’s stock valued at $153,553,000 after buying an additional 27,614 shares during the last quarter. Bank of America Corp DE grew its stake in China Petroleum & Chemical Corporation by 2.3% in the 1st quarter. Bank of America Corp DE now owns 806,403 shares of the oil and gas company’s stock valued at $65,729,000 after buying an additional 18,159 shares during the last quarter. Renaissance Technologies LLC grew its stake in China Petroleum & Chemical Corporation by 34.8% in the 2nd quarter. Renaissance Technologies LLC now owns 533,600 shares of the oil and gas company’s stock valued at $41,941,000 after buying an additional 137,870 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its holdings in China Petroleum & Chemical Corporation by 52.4% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 404,796 shares of the oil and gas company’s stock valued at $31,817,000 after purchasing an additional 139,206 shares during the period. Finally, Northern Trust Corp boosted its holdings in China Petroleum & Chemical Corporation by 4.5% in the 2nd quarter. Northern Trust Corp now owns 286,313 shares of the oil and gas company’s stock valued at $22,504,000 after purchasing an additional 12,218 shares during the period. Institutional investors and hedge funds own 0.76% of the company’s stock.

About China Petroleum & Chemical Corporation

China Petroleum & Chemical Corporation is a China-based energy and chemical company. The Company’s segments include Exploration and Development segment, Refining segment, Marketing and Distribution segment, Chemicals segment, and Corporate and Others segment. Exploration and Development segment explores and develops oil fields, as well as produces crude oil and natural gas.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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