Sinopec (SNP) Sets New 52-Week High and Low at $92.10

Shares of Sinopec (NYSE:SNP) reached a new 52-week high and low during mid-day trading on Thursday . The company traded as low as $92.10 and last traded at $92.07, with a volume of 70890 shares. The stock had previously closed at $91.15.

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

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The firm has a market capitalization of $110,356.41, a price-to-earnings ratio of 16.34, a price-to-earnings-growth ratio of 2.04 and a beta of 1.29. 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 company also recently announced a Semi-Annual dividend, which will be paid on Thursday, June 21st. Shareholders of record on Friday, May 25th will be issued a $4.568 dividend. The ex-dividend date of this dividend is Thursday, May 24th. Sinopec’s dividend payout ratio is 63.73%.

Several hedge funds have recently modified their holdings of SNP. Renaissance Technologies LLC lifted its stake in shares of Sinopec by 39.4% during the 4th 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 increased its holdings in shares of Sinopec by 51.0% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,090,125 shares of the oil and gas company’s stock valued at $79,982,000 after purchasing an additional 368,038 shares during the period. BlackRock Inc. increased its holdings in shares of Sinopec by 25.0% in the fourth quarter. BlackRock Inc. now owns 858,913 shares of the oil and gas company’s stock valued at $63,018,000 after purchasing an additional 171,542 shares during the period. Millennium Management LLC increased its holdings in shares of Sinopec by 3.6% in the fourth quarter. Millennium Management LLC now owns 438,278 shares of the oil and gas company’s stock valued at $32,156,000 after purchasing an additional 15,034 shares during the period. Finally, BT Investment Management Ltd increased its holdings in shares of Sinopec by 68.2% in the fourth quarter. BT Investment Management Ltd now owns 232,517 shares of the oil and gas company’s stock valued at $17,060,000 after purchasing an additional 94,248 shares during the period. Institutional investors and hedge funds 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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