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

China Petroleum & Chemical (NYSE:SNPGet Rating) was upgraded by research analysts at StockNews.com from a “hold” rating to a “buy” rating in a report issued on Saturday.

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

China Petroleum & Chemical Trading Up 0.7 %

Shares of SNP stock opened at $45.23 on Friday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.53 and a current ratio of 0.93. The stock has a fifty day simple moving average of $46.35 and a two-hundred day simple moving average of $48.84. The firm has a market capitalization of $54.76 billion, a PE ratio of 4.65, a PEG ratio of 1.50 and a beta of 0.70. China Petroleum & Chemical has a 52-week low of $40.60 and a 52-week high of $55.03.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in SNP. American Century Companies Inc. grew its holdings in China Petroleum & Chemical by 23.7% during the 4th quarter. American Century Companies Inc. now owns 43,059 shares of the oil and gas company’s stock valued at $2,003,000 after buying an additional 8,243 shares in the last quarter. BTC Capital Management Inc. raised its stake in China Petroleum & Chemical by 3.3% during the fourth quarter. BTC Capital Management Inc. now owns 17,875 shares of the oil and gas company’s stock valued at $831,000 after purchasing an additional 573 shares in the last quarter. Qtron Investments LLC lifted its position in China Petroleum & Chemical by 9.0% during the fourth quarter. Qtron Investments LLC now owns 53,414 shares of the oil and gas company’s stock valued at $2,484,000 after purchasing an additional 4,403 shares during the last quarter. Lester Murray Antman dba SimplyRich purchased a new position in shares of China Petroleum & Chemical in the 1st quarter worth $316,000. Finally, Causeway Capital Management LLC increased its holdings in shares of China Petroleum & Chemical by 9.9% in the 4th quarter. Causeway Capital Management LLC now owns 30,939 shares of the oil and gas company’s stock worth $1,439,000 after buying an additional 2,787 shares during the last quarter. Hedge funds and other institutional investors own 0.56% of the company’s stock.

China Petroleum & Chemical Company Profile

(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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