China Petroleum & Chemical Corporation (NYSE:SNP) was upgraded by stock analysts at Citigroup Inc. from a “neutral” rating to a “buy” rating in a research note issued on Tuesday.

SNP has been the topic of a number of other reports. BidaskClub downgraded shares of China Petroleum & Chemical Corporation from a “sell” rating to a “strong sell” rating in a research note on Friday, June 30th. Mizuho raised shares of China Petroleum & Chemical Corporation from a “neutral” rating to a “buy” rating in a research note on Tuesday, August 8th. Jefferies Group LLC downgraded shares of China Petroleum & Chemical Corporation from a “buy” rating to a “hold” rating in a research note on Monday, May 15th. Sanford C. Bernstein raised shares of China Petroleum & Chemical Corporation from a “market perform” rating to an “outperform” rating in a research note on Thursday, July 6th. Finally, Zacks Investment Research downgraded shares of China Petroleum & Chemical Corporation from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 12th. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $89.00.

Shares of China Petroleum & Chemical Corporation (NYSE SNP) opened at 75.90 on Tuesday. The stock has a market cap of $91.93 billion, a P/E ratio of 10.69 and a beta of 1.17. The firm’s 50-day moving average price is $75.91 and its 200-day moving average price is $79.05. China Petroleum & Chemical Corporation has a 52-week low of $67.82 and a 52-week high of $84.88.

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Several large investors have recently added to or reduced their stakes in SNP. Sit Investment Associates Inc. bought a new stake in China Petroleum & Chemical Corporation during the second quarter worth about $204,000. Checchi Capital Advisers LLC acquired a new stake in shares of China Petroleum & Chemical Corporation during the first quarter valued at $207,000. Sawtooth Solutions LLC acquired a new stake in shares of China Petroleum & Chemical Corporation during the first quarter valued at $236,000. PNC Financial Services Group Inc. increased its stake in shares of China Petroleum & Chemical Corporation by 3.2% in the second quarter. PNC Financial Services Group Inc. now owns 3,078 shares of the oil and gas company’s stock valued at $241,000 after buying an additional 95 shares during the last quarter. Finally, Greenleaf Trust acquired a new stake in shares of China Petroleum & Chemical Corporation during the first quarter valued at $263,000. 0.76% of the stock is currently owned by institutional investors and hedge funds.

About China Petroleum & Chemical Corporation

China Petroleum & Chemical Corporation is a China-based energy and chemical company. The Company’s segments include Exploration and Development segment, Refining segment, Marketing and Distribution segment, Chemicals segment, and Corporate and Others segment. Exploration and Development segment explores and develops oil fields, as well as produces crude oil and natural gas.

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