China Petroleum & Chemical (NYSE:SNP) Downgraded by StockNews.com to “Hold”

StockNews.com downgraded shares of China Petroleum & Chemical (NYSE:SNPGet Rating) from a buy rating to a hold rating in a report released on Thursday morning.

SNP has been the topic of a number of other research reports. Citigroup cut shares of China Petroleum & Chemical from a buy rating to a sell rating in a research report on Monday, May 23rd. The Goldman Sachs Group cut shares of China Petroleum & Chemical from a neutral rating to a sell rating and set a $41.09 price target on the stock. in a report on Sunday, June 19th.

SNP stock opened at $43.55 on Thursday. The company has a quick ratio of 0.53, a current ratio of 0.93 and a debt-to-equity ratio of 0.11. China Petroleum & Chemical has a twelve month low of $40.60 and a twelve month high of $55.03. The stock has a market capitalization of $52.73 billion, a price-to-earnings ratio of 4.48, a price-to-earnings-growth ratio of 1.35 and a beta of 0.71. The firm’s fifty day simple moving average is $49.35 and its two-hundred day simple moving average is $49.48.

China Petroleum & Chemical (NYSE:SNPGet Rating) last posted its quarterly earnings data on Friday, April 29th. The oil and gas company reported $2.95 earnings per share for the quarter. China Petroleum & Chemical had a net margin of 2.58% and a return on equity of 8.23%. The business had revenue of $121.52 billion for the quarter. As a group, equities research analysts expect that China Petroleum & Chemical will post 10.1 EPS for the current year.

The business also recently declared a semi-annual dividend, which will be paid on Thursday, June 30th. Stockholders of record on Thursday, June 9th will be issued a $2.4674 dividend. This represents a dividend yield of 13.3%. The ex-dividend date is Wednesday, June 8th. China Petroleum & Chemical’s payout ratio is presently 89.93%.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Bank of America Corp DE grew its holdings in China Petroleum & Chemical by 104.7% during the 1st quarter. Bank of America Corp DE now owns 24,076 shares of the oil and gas company’s stock worth $1,192,000 after acquiring an additional 12,314 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its holdings in China Petroleum & Chemical by 16.1% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 16,808 shares of the oil and gas company’s stock worth $832,000 after acquiring an additional 2,337 shares in the last quarter. Toroso Investments LLC grew its holdings in China Petroleum & Chemical by 8.4% during the 1st quarter. Toroso Investments LLC now owns 76,965 shares of the oil and gas company’s stock worth $3,811,000 after acquiring an additional 5,966 shares in the last quarter. Earnest Partners LLC grew its holdings in China Petroleum & Chemical by 12.1% during the 1st quarter. Earnest Partners LLC now owns 9,618 shares of the oil and gas company’s stock worth $476,000 after acquiring an additional 1,037 shares in the last quarter. Finally, Eqis Capital Management Inc. bought a new position in China Petroleum & Chemical during the 1st quarter worth about $245,000. Hedge funds and other institutional investors own 0.56% of the company’s stock.

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.

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