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Migdal Insurance & Financial Holdings Ltd. Purchases 400 Shares of China Petroleum & Chemical Co. (NYSE:SNP)

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Migdal Insurance & Financial Holdings Ltd. raised its holdings in shares of China Petroleum & Chemical Co. (NYSE:SNP – Get Rating) by 47.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,242 shares of the oil and gas company's stock after buying an additional 400 shares during the period. Migdal Insurance & Financial Holdings Ltd.'s holdings in China Petroleum & Chemical were worth $63,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Fieldpoint Private Securities LLC lifted its holdings in shares of 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 valued at $35,000 after purchasing an additional 325 shares during the last quarter. SG Americas Securities LLC bought a new stake in China Petroleum & Chemical in the 1st quarter valued at $179,000. Comerica Bank increased its stake in China Petroleum & Chemical by 12.2% in the 1st quarter. Comerica Bank now owns 4,477 shares of the oil and gas company's stock worth $226,000 after acquiring an additional 487 shares during the last quarter. Veriti Management LLC purchased a new stake in China Petroleum & Chemical during the first quarter valued at $254,000. Finally, Winning Points Advisors LLC purchased a new stake in shares of China Petroleum & Chemical during the 4th quarter valued at about $402,000. 0.56% of the stock is currently owned by institutional investors.

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Analysts Set New Price Targets

SNP has been the topic of a number of research analyst reports. StockNews.com upgraded shares of China Petroleum & Chemical from a "hold" rating to a "buy" rating in a report on Monday. The Goldman Sachs Group cut China Petroleum & Chemical from a "neutral" rating to a "sell" rating and set a $41.09 price target for the company. in a research note on Sunday, June 19th. Finally, Citigroup lowered China Petroleum & Chemical from a "buy" rating to a "sell" rating in a research note on Monday, May 23rd.

China Petroleum & Chemical Stock Down 1.9 %

Shares of NYSE SNP opened at $45.48 on Thursday. China Petroleum & Chemical Co. has a 12-month low of $40.60 and a 12-month high of $55.03. The stock has a market cap of $55.06 billion, a PE ratio of 4.67, a P/E/G ratio of 1.47 and a beta of 0.71. The company has a current ratio of 0.93, a quick ratio of 0.53 and a debt-to-equity ratio of 0.11. The company has a 50-day moving average of $47.51 and a 200 day moving average of $49.19.

China Petroleum & Chemical (NYSE:SNP – Get Rating) last announced its earnings results on Friday, April 29th. The oil and gas company reported $2.95 earnings per share for the quarter. The company had revenue of $121.52 billion during the quarter. China Petroleum & Chemical had a net margin of 2.58% and a return on equity of 8.23%. As a group, sell-side analysts predict that China Petroleum & Chemical Co. will post 9.49 EPS for the current fiscal year.

About China Petroleum & Chemical

(Get Rating)

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.

Further Reading

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