StockNews.com upgraded shares of China Petroleum & Chemical (NYSE:SNP – Get Rating) from a hold rating to a buy rating in a research note published on Monday.
A number of other equities research analysts also recently issued reports on SNP. Citigroup downgraded China Petroleum & Chemical from a buy rating to a sell rating in a research report on Monday, May 23rd. The Goldman Sachs Group cut China Petroleum & Chemical from a neutral rating to a sell rating and set a $41.09 target price on the stock. in a research note on Sunday, June 19th.Get China Petroleum & Chemical alerts:
China Petroleum & Chemical Trading Down 1.9 %
Shares of SNP stock opened at $45.48 on Monday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.53 and a current ratio of 0.93. China Petroleum & Chemical has a 52-week low of $40.60 and a 52-week high of $55.03. The company has a market capitalization of $55.06 billion, a PE ratio of 4.67, a price-to-earnings-growth ratio of 1.47 and a beta of 0.71. The business's fifty day moving average is $47.51 and its 200 day moving average is $49.19.China Petroleum & Chemical (NYSE:SNP – Get Rating) last issued its quarterly earnings data on Friday, April 29th. The oil and gas company reported $2.95 earnings per share ( EPS ) for the quarter. China Petroleum & Chemical had a return on equity of 8.23% and a net margin of 2.58%. The company had revenue of $121.52 billion for the quarter. On average, equities research analysts anticipate that China Petroleum & Chemical will post 9.49 EPS for the current fiscal year.
Institutional Inflows and Outflows
A number of institutional investors have recently added to or reduced their stakes in SNP. Capricorn Fund Managers Ltd bought a new position in China Petroleum & Chemical in the first quarter valued at $1,900,000. Connor Clark & Lunn Investment Management Ltd. increased its stake in China Petroleum & Chemical by 36.5% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 124,492 shares of the oil and gas company's stock valued at $5,790,000 after acquiring an additional 33,290 shares during the last quarter. Connectus Wealth LLC bought a new position in China Petroleum & Chemical in the fourth quarter valued at $1,335,000. Qube Research & Technologies Ltd increased its stake in China Petroleum & Chemical by 248.2% in the first quarter. Qube Research & Technologies Ltd now owns 30,981 shares of the oil and gas company's stock valued at $1,534,000 after acquiring an additional 22,084 shares during the last quarter. Finally, Citigroup Inc. grew its stake in shares of China Petroleum & Chemical by 40.3% during the first quarter. Citigroup Inc. now owns 76,460 shares of the oil and gas company's stock valued at $3,786,000 after buying an additional 21,959 shares during the last quarter. Institutional investors own 0.56% of the company's stock.
China Petroleum & Chemical Company Profile
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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