China Petroleum & Chemical Corp. (NYSE:SNP) was downgraded by investment analysts at TheStreet from a “buy” rating to a “hold” rating in a report issued on Monday.

Other equities analysts also recently issued research reports about the company. Zacks Investment Research downgraded China Petroleum & Chemical Corp. from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, June 8th. Macquarie raised China Petroleum & Chemical Corp. from a “neutral” rating to an “outperform” rating in a research report on Monday, July 25th. Four investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $83.00.

Shares of China Petroleum & Chemical Corp. (NYSE:SNP) opened at 68.64 on Monday. The firm has a market cap of $83.10 billion, a P/E ratio of 20.80 and a beta of 0.96. The stock has a 50 day moving average of $71.56 and a 200 day moving average of $69.11. China Petroleum & Chemical Corp. has a 52 week low of $48.28 and a 52 week high of $75.53.

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

Several large investors have recently made changes to their positions in SNP. Stifel Financial Corp boosted its stake in shares of China Petroleum & Chemical Corp. by 12.5% in the second quarter. Stifel Financial Corp now owns 8,395 shares of the company’s stock worth $605,000 after buying an additional 933 shares in the last quarter. Bluefin Trading LLC bought a new stake in shares of China Petroleum & Chemical Corp. during the second quarter worth about $254,000. FDx Advisors Inc. bought a new stake in shares of China Petroleum & Chemical Corp. during the second quarter worth about $1,005,000. Point72 Asset Management L.P. bought a new stake in shares of China Petroleum & Chemical Corp. during the second quarter worth about $5,040,000. Finally, Causeway Capital Management LLC boosted its stake in shares of China Petroleum & Chemical Corp. by 3,093.5% in the second quarter. Causeway Capital Management LLC now owns 1,421,410 shares of the company’s stock worth $3,978,000 after buying an additional 1,376,900 shares in the last quarter. Institutional investors own 0.79% of the company’s stock.

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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