ValuEngine lowered shares of China Petroleum & Chemical (NYSE:SNP) from a buy rating to a hold rating in a research note published on Thursday.

SNP has been the topic of a number of other research reports. Zacks Investment Research downgraded China Petroleum & Chemical from a strong-buy rating to a hold rating in a research report on Monday, August 13th. Goldman Sachs Group downgraded China Petroleum & Chemical from a buy rating to a neutral rating in a research report on Monday, June 4th. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the stock. China Petroleum & Chemical currently has a consensus rating of Hold and a consensus target price of $106.00.

NYSE SNP opened at $93.71 on Thursday. The firm has a market cap of $115.04 billion, a price-to-earnings ratio of 16.82, a P/E/G ratio of 0.63 and a beta of 1.33. The company has a current ratio of 0.99, a quick ratio of 0.62 and a debt-to-equity ratio of 0.13. China Petroleum & Chemical has a fifty-two week low of $69.60 and a fifty-two week high of $105.61.

China Petroleum & Chemical (NYSE:SNP) last released its quarterly earnings data on Sunday, August 26th. The oil and gas company reported $2.82 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.68 by $1.14. China Petroleum & Chemical had a return on equity of 7.14% and a net margin of 2.71%. The company had revenue of $106.54 billion for the quarter. equities analysts anticipate that China Petroleum & Chemical will post 9.59 EPS for the current year.

The firm also recently announced a special dividend, which will be paid on Friday, September 28th. Shareholders of record on Thursday, September 6th will be given a $2.3455 dividend. The ex-dividend date of this dividend is Wednesday, September 5th. This represents a yield of 12.6%. This is an increase from China Petroleum & Chemical’s previous special dividend of $1.51. China Petroleum & Chemical’s payout ratio is currently 75.04%.

A number of large investors have recently bought and sold shares of the business. Whittier Trust Co. of Nevada Inc. raised its position in China Petroleum & Chemical by 49.5% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 1,677 shares of the oil and gas company’s stock valued at $159,000 after purchasing an additional 555 shares during the period. Signaturefd LLC raised its holdings in shares of China Petroleum & Chemical by 43.6% in the 2nd quarter. Signaturefd LLC now owns 1,913 shares of the oil and gas company’s stock valued at $172,000 after buying an additional 581 shares during the period. Raymond James & Associates raised its holdings in shares of China Petroleum & Chemical by 6.1% in the 2nd quarter. Raymond James & Associates now owns 11,458 shares of the oil and gas company’s stock valued at $1,029,000 after buying an additional 654 shares during the period. The Manufacturers Life Insurance Company raised its holdings in shares of China Petroleum & Chemical by 156.8% in the 1st quarter. The Manufacturers Life Insurance Company now owns 1,348 shares of the oil and gas company’s stock valued at $119,000 after buying an additional 823 shares during the period. Finally, Earnest Partners LLC raised its holdings in shares of China Petroleum & Chemical by 53.5% in the 2nd quarter. Earnest Partners LLC now owns 2,363 shares of the oil and gas company’s stock valued at $212,000 after buying an additional 824 shares during the period. Institutional investors own 1.04% of the company’s stock.

About China Petroleum & Chemical

China Petroleum & Chemical Corporation, an energy and chemical company, engages in the oil and gas, and chemical operations and businesses in the People's Republic of China. It operates through five segments: Exploration and Production, Refining, Marketing and Distribution, Chemicals, and Corporate and Others.

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Analyst Recommendations for China Petroleum & Chemical (NYSE:SNP)

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