China Petroleum & Chemical Corp (NYSE:SNP) has received a consensus recommendation of “Hold” from the seven research firms that are currently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, three have given a hold recommendation and two have given a buy recommendation to the company.
Separately, Credit Suisse Group raised shares of China Petroleum & Chemical from a “neutral” rating to an “outperform” rating in a research report on Tuesday, September 10th.
A number of large investors have recently bought and sold shares of SNP. Envestnet Asset Management Inc. raised its stake in shares of China Petroleum & Chemical by 17.8% in the 2nd quarter. Envestnet Asset Management Inc. now owns 73,535 shares of the oil and gas company’s stock valued at $5,015,000 after purchasing an additional 11,131 shares in the last quarter. Voloridge Investment Management LLC bought a new position in China Petroleum & Chemical in the 3rd quarter worth about $2,202,000. United Capital Financial Advisers LLC bought a new position in China Petroleum & Chemical in the 2nd quarter worth about $233,000. Fisher Asset Management LLC grew its position in China Petroleum & Chemical by 4.1% in the 3rd quarter. Fisher Asset Management LLC now owns 28,441 shares of the oil and gas company’s stock worth $1,669,000 after purchasing an additional 1,118 shares during the last quarter. Finally, Alps Advisors Inc. grew its position in China Petroleum & Chemical by 3.1% in the 3rd quarter. Alps Advisors Inc. now owns 10,084 shares of the oil and gas company’s stock worth $592,000 after purchasing an additional 302 shares during the last quarter. 0.89% of the stock is owned by institutional investors.
China Petroleum & Chemical (NYSE:SNP) last announced its quarterly earnings results on Thursday, October 31st. The oil and gas company reported $1.41 earnings per share for the quarter. China Petroleum & Chemical had a net margin of 1.53% and a return on equity of 5.12%. The firm had revenue of $104.68 billion during the quarter. Analysts anticipate that China Petroleum & Chemical will post 6.39 EPS for the current year.
About China Petroleum & Chemical
China Petroleum & Chemical Corporation, an energy and chemical company, engages in oil and gas, and chemical operations in the People's Republic of China. It operates through five segments: Exploration and Production, Refining, Marketing and Distribution, Chemicals, and Corporate and Others.
See Also: Bollinger Bands
Receive News & Ratings for China Petroleum & Chemical Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for China Petroleum & Chemical and related companies with MarketBeat.com's FREE daily email newsletter.