China Petroleum & Chemical (NYSE:SNP) Downgraded by StockNews.com

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

A number of other equities analysts have also commented on SNP. Citigroup lowered shares of China Petroleum & Chemical from a “buy” rating to a “sell” rating in a research report on Monday, May 23rd. The Goldman Sachs Group downgraded shares of China Petroleum & Chemical from a “neutral” rating to a “sell” rating and set a $41.09 price objective on the stock. in a research note on Sunday, June 19th.

China Petroleum & Chemical Trading Down 0.3 %

NYSE:SNP opened at $46.93 on Friday. China Petroleum & Chemical has a 12 month low of $40.60 and a 12 month high of $55.03. The firm has a market cap of $56.82 billion, a price-to-earnings ratio of 4.82, a P/E/G ratio of 1.49 and a beta of 0.71. The company has a quick ratio of 0.53, a current ratio of 0.93 and a debt-to-equity ratio of 0.11. The company’s 50 day moving average is $46.99 and its 200-day moving average is $49.04.

China Petroleum & Chemical (NYSE:SNPGet Rating) last released its quarterly earnings results on Friday, April 29th. The oil and gas company reported $2.95 EPS for the quarter. China Petroleum & Chemical had a net margin of 2.58% and a return on equity of 8.23%. The company had revenue of $121.52 billion for the quarter. Equities analysts anticipate that China Petroleum & Chemical will post 9.49 EPS for the current year.

Institutional Investors Weigh In On China Petroleum & Chemical

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Fieldpoint Private Securities LLC boosted 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 buying an additional 325 shares in the last quarter. Mizuho Securities Co. Ltd. boosted its stake in China Petroleum & Chemical by 181.8% during the second quarter. Mizuho Securities Co. Ltd. now owns 1,240 shares of the oil and gas company’s stock worth $58,000 after buying an additional 800 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. boosted its stake in China Petroleum & Chemical by 47.5% during the first quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,242 shares of the oil and gas company’s stock worth $63,000 after buying an additional 400 shares in the last quarter. SG Americas Securities LLC acquired a new stake in China Petroleum & Chemical during the first quarter worth $179,000. Finally, Northwestern Mutual Wealth Management Co. boosted its stake in China Petroleum & Chemical by 38.0% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 3,719 shares of the oil and gas company’s stock worth $184,000 after buying an additional 1,024 shares in the last quarter. Institutional investors and hedge funds own 0.56% of the company’s stock.

About China Petroleum & Chemical

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China Petroleum & Chemical Corporation, an energy and chemical company, engages in the oil and gas and chemical operations in Mainland China, Singapore, and internationally. It operates through five segments: Exploration and Production, Refining, Marketing and Distribution, Chemicals, and Corporate and Others.

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