China Petroleum & Chemical Corp (NYSE:SNP) Receives Average Rating of “Hold” from Analysts

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 stock traded up $0.65 during trading on Friday, reaching $56.32. 175,036 shares of the company’s stock were exchanged, compared to its average volume of 172,858. The company’s 50-day moving average is $57.44 and its two-hundred day moving average is $61.59. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.55 and a current ratio of 0.89. China Petroleum & Chemical has a 52-week low of $54.94 and a 52-week high of $87.17. The firm has a market cap of $68.06 billion, a price-to-earnings ratio of 7.88, a PEG ratio of 3.95 and a beta of 1.48.

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.

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