China Petroleum & Chemical Corp. (NYSE:SNP) has been given a consensus rating of “Buy” by the seven ratings firms that are presently covering the firm. Three research analysts have rated the stock with a hold recommendation, three have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price target among brokers that have covered the stock in the last year is $83.00.

Several brokerages have commented on SNP. Macquarie upgraded China Petroleum & Chemical Corp. from a “neutral” rating to an “outperform” rating in a report on Monday, July 25th. Zacks Investment Research downgraded China Petroleum & Chemical Corp. from a “strong-buy” rating to a “hold” rating in a report on Wednesday, June 8th.

Shares of China Petroleum & Chemical Corp. (NYSE:SNP) opened at 69.11 on Thursday. The company has a market cap of $83.67 billion, a price-to-earnings ratio of 20.94 and a beta of 0.96. The firm’s 50-day moving average is $71.62 and its 200 day moving average is $69.08. China Petroleum & Chemical Corp. has a 1-year low of $48.28 and a 1-year high of $75.53.

The firm also recently disclosed a dividend, which was paid on Monday, September 12th. Stockholders of record on Monday, September 12th were given a $1.045 dividend. This is a boost from China Petroleum & Chemical Corp.’s previous dividend of $0.82. The ex-dividend date was Thursday, September 8th. China Petroleum & Chemical Corp.’s dividend payout ratio is currently 93.37%.

Several large investors have recently bought and sold shares of SNP. BlackRock Advisors LLC boosted its stake in China Petroleum & Chemical Corp. by 14.7% in the second quarter. BlackRock Advisors LLC now owns 1,892 shares of the company’s stock valued at $136,000 after buying an additional 242 shares in the last quarter. Barclays PLC purchased a new position in shares of China Petroleum & Chemical Corp. during the second quarter valued at approximately $210,000. BTC Capital Management Inc. boosted its position in shares of China Petroleum & Chemical Corp. by 1.6% in the first quarter. BTC Capital Management Inc. now owns 3,411 shares of the company’s stock valued at $221,000 after buying an additional 54 shares during the period. Bluefin Trading LLC purchased a new position in shares of China Petroleum & Chemical Corp. during the second quarter valued at approximately $254,000. Finally, KCG Holdings Inc. purchased a new position in shares of China Petroleum & Chemical Corp. during the second quarter valued at approximately $302,000. 0.79% of the stock is owned by institutional investors.

China Petroleum & Chemical Corp. Company Profile

China Petroleum & Chemical Corporation is an energy and chemical company. The Company is engaged in oil and gas, and chemical operations in the People’s Republic of China (the PRC). The Company’s segments include exploration and production segment, refining segment, marketing and distribution segment, chemicals segment, and corporate and others.

5 Day Chart for NYSE:SNP

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