China Petroleum & Chemical Corporation (SNP) Rating Increased to Buy at ValuEngine

China Petroleum & Chemical Corporation (NYSE:SNP) was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating in a report issued on Monday.

Several other research firms have also recently commented on SNP. Jefferies Group LLC cut China Petroleum & Chemical Corporation from a “buy” rating to a “hold” rating in a research report on Monday, May 15th. BidaskClub cut China Petroleum & Chemical Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, June 14th. Sanford C. Bernstein raised China Petroleum & Chemical Corporation from a “market perform” rating to an “outperform” rating in a research report on Thursday, July 6th. Mizuho raised China Petroleum & Chemical Corporation from a “neutral” rating to a “buy” rating in a research report on Tuesday, August 8th. Finally, Citigroup Inc. raised China Petroleum & Chemical Corporation from a “neutral” rating to a “buy” rating in a research report on Tuesday, August 29th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $89.00.

China Petroleum & Chemical Corporation (NYSE:SNP) opened at 79.42 on Monday. The company has a 50 day moving average of $75.67 and a 200-day moving average of $78.90. The stock has a market capitalization of $96.15 billion, a P/E ratio of 11.68 and a beta of 1.16. China Petroleum & Chemical Corporation has a one year low of $67.82 and a one year high of $84.88.

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Large investors have recently made changes to their positions in the business. Sit Investment Associates Inc. purchased a new position in China Petroleum & Chemical Corporation in the second quarter worth about $204,000. PNC Financial Services Group Inc. boosted its position in China Petroleum & Chemical Corporation by 3.2% in the second quarter. PNC Financial Services Group Inc. now owns 3,078 shares of the oil and gas company’s stock worth $241,000 after purchasing an additional 95 shares during the last quarter. U S Global Investors Inc purchased a new position in China Petroleum & Chemical Corporation in the first quarter worth about $269,000. Ronald Blue & Co. LLC boosted its position in China Petroleum & Chemical Corporation by 7.1% in the first quarter. Ronald Blue & Co. LLC now owns 3,388 shares of the oil and gas company’s stock worth $276,000 after purchasing an additional 226 shares during the last quarter. Finally, Quantbot Technologies LP boosted its position in China Petroleum & Chemical Corporation by 1,393.7% in the second quarter. Quantbot Technologies LP now owns 3,570 shares of the oil and gas company’s stock worth $280,000 after purchasing an additional 3,331 shares during the last quarter. 0.76% of the stock is currently owned by institutional investors and hedge funds.

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.

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