China Petroleum & Chemical (NYSE:SNP) Downgraded by StockNews.com to “Hold”

China Petroleum & Chemical (NYSE:SNPGet Rating) was downgraded by StockNews.com from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Friday.

Separately, Zacks Investment Research raised China Petroleum & Chemical from a “hold” rating to a “buy” rating and set a $50.00 price target for the company in a report on Tuesday, December 28th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, China Petroleum & Chemical presently has an average rating of “Buy” and a consensus price target of $55.99.

Shares of China Petroleum & Chemical stock opened at $51.27 on Friday. The business has a 50 day simple moving average of $49.61 and a two-hundred day simple moving average of $49.34. China Petroleum & Chemical has a 12 month low of $40.60 and a 12 month high of $55.77. The stock has a market capitalization of $62.07 billion, a P/E ratio of 5.66, a PEG ratio of 1.52 and a beta of 0.76. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.87 and a quick ratio of 0.55.

Several large investors have recently bought and sold shares of SNP. Fieldpoint Private Securities LLC increased its stake in China Petroleum & Chemical by 86.7% during the first quarter. Fieldpoint Private Securities LLC now owns 700 shares of the oil and gas company’s stock worth $35,000 after acquiring an additional 325 shares during the last quarter. LPL Financial LLC raised its position in China Petroleum & Chemical by 1.7% in the third quarter. LPL Financial LLC now owns 21,599 shares of the oil and gas company’s stock valued at $1,062,000 after purchasing an additional 359 shares during the period. Guggenheim Capital LLC raised its position in China Petroleum & Chemical by 1.3% in the fourth quarter. Guggenheim Capital LLC now owns 31,026 shares of the oil and gas company’s stock valued at $1,443,000 after purchasing an additional 401 shares during the period. Advisor Group Holdings Inc. raised its position in China Petroleum & Chemical by 120.5% in the fourth quarter. Advisor Group Holdings Inc. now owns 785 shares of the oil and gas company’s stock valued at $36,000 after purchasing an additional 429 shares during the period. Finally, Larson Financial Group LLC purchased a new stake in China Petroleum & Chemical in the third quarter valued at $25,000. 0.60% of the stock is owned by hedge funds and other institutional investors.

About China Petroleum & Chemical (Get Rating)

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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