China Petroleum & Chemical Corporation (SNP) Given Consensus Rating of “Hold” by Analysts

China Petroleum & Chemical Corporation (NYSE:SNP) has received a consensus recommendation of “Hold” from the nine brokerages that are covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, three have given a hold recommendation and four have issued a buy recommendation on the company.

SNP has been the subject of several analyst reports. Nomura initiated coverage on China Petroleum & Chemical in a report on Wednesday, December 6th. They set a “neutral” rating for the company. Zacks Investment Research cut China Petroleum & Chemical from a “buy” rating to a “hold” rating in a research report on Wednesday, October 25th. Finally, ValuEngine raised China Petroleum & Chemical from a “hold” rating to a “buy” rating in a research report on Monday, September 11th.

China Petroleum & Chemical (NYSE SNP) opened at $78.90 on Friday. China Petroleum & Chemical has a twelve month low of $69.60 and a twelve month high of $84.88. The company has a current ratio of 0.97, a quick ratio of 0.61 and a debt-to-equity ratio of 0.14. The firm has a market capitalization of $92,813.19, a price-to-earnings ratio of 11.79, a PEG ratio of 1.71 and a beta of 1.27.

A number of large investors have recently made changes to their positions in SNP. BT Investment Management Ltd bought a new position in shares of China Petroleum & Chemical in the second quarter worth about $11,072,000. Arrowstreet Capital Limited Partnership raised its stake in shares of China Petroleum & Chemical by 52.4% in the second quarter. Arrowstreet Capital Limited Partnership now owns 404,796 shares of the oil and gas company’s stock worth $31,817,000 after buying an additional 139,206 shares during the period. Renaissance Technologies LLC raised its stake in shares of China Petroleum & Chemical by 34.8% in the second quarter. Renaissance Technologies LLC now owns 533,600 shares of the oil and gas company’s stock worth $41,941,000 after buying an additional 137,870 shares during the period. NorthCoast Asset Management LLC raised its stake in shares of China Petroleum & Chemical by 248.3% in the third quarter. NorthCoast Asset Management LLC now owns 59,490 shares of the oil and gas company’s stock worth $4,507,000 after buying an additional 42,412 shares during the period. Finally, Crossmark Global Holdings Inc. bought a new stake in China Petroleum & Chemical during the 3rd quarter valued at approximately $2,695,000. 0.86% of the stock is currently owned by institutional investors and hedge funds.

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China Petroleum & Chemical Company Profile

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.

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

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