Sinopec (SNP) Reaches New 12-Month High and Low at $92.60

Shares of Sinopec (NYSE:SNP) hit a new 52-week high and low on Friday . The company traded as low as $92.60 and last traded at $91.48, with a volume of 58421 shares trading hands. The stock had previously closed at $91.61.

A number of analysts have weighed in on SNP shares. Zacks Investment Research cut Sinopec from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 2nd. HSBC cut Sinopec from a “buy” rating to a “hold” rating in a research report on Tuesday, January 23rd. Macquarie cut Sinopec from an “outperform” rating to a “neutral” rating in a research report on Tuesday, January 9th. Jefferies Group upgraded Sinopec from a “hold” rating to a “buy” rating in a research report on Wednesday, January 17th. Finally, ValuEngine upgraded Sinopec from a “hold” rating to a “buy” rating in a research report on Wednesday, January 3rd. One research analyst has rated the stock with a sell rating, one has given a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Buy” and an average price target of $97.00.

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The company has a quick ratio of 0.59, a current ratio of 0.91 and a debt-to-equity ratio of 0.12. The firm has a market capitalization of $110,356.41, a P/E ratio of 16.60, a price-to-earnings-growth ratio of 2.04 and a beta of 1.29.

The firm also recently announced a Semi-Annual dividend, which will be paid on Thursday, June 21st. Stockholders of record on Friday, May 25th will be issued a dividend of $4.568 per share. The ex-dividend date is Thursday, May 24th. Sinopec’s payout ratio is presently 63.73%.

Several hedge funds have recently made changes to their positions in SNP. Renaissance Technologies LLC grew its holdings in shares of Sinopec by 39.4% during the fourth quarter. Renaissance Technologies LLC now owns 1,354,930 shares of the oil and gas company’s stock worth $99,411,000 after purchasing an additional 382,700 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its holdings in shares of Sinopec by 51.0% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,090,125 shares of the oil and gas company’s stock worth $79,982,000 after purchasing an additional 368,038 shares during the last quarter. BlackRock Inc. grew its holdings in shares of Sinopec by 25.0% during the fourth quarter. BlackRock Inc. now owns 858,913 shares of the oil and gas company’s stock worth $63,018,000 after purchasing an additional 171,542 shares during the last quarter. BT Investment Management Ltd grew its holdings in shares of Sinopec by 68.2% during the fourth quarter. BT Investment Management Ltd now owns 232,517 shares of the oil and gas company’s stock worth $17,060,000 after purchasing an additional 94,248 shares during the last quarter. Finally, Crossmark Global Holdings Inc. lifted its stake in shares of Sinopec by 240.8% during the fourth quarter. Crossmark Global Holdings Inc. now owns 121,237 shares of the oil and gas company’s stock valued at $8,895,000 after acquiring an additional 85,667 shares during the period. Institutional investors own 0.97% of the company’s stock.

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Sinopec 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.

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