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

Several other brokerages have also recently weighed in on SNP. Macquarie upgraded China Petroleum & Chemical Corp. from a “neutral” rating to an “outperform” rating in a research report on Monday, July 25th. Zacks Investment Research upgraded China Petroleum & Chemical Corp. from a “hold” rating to a “strong-buy” rating and set a $83.00 price target on the stock in a research report on Friday, August 12th. Four equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $83.00.

China Petroleum & Chemical Corp. (NYSE:SNP) traded down 0.68% on Monday, reaching $68.64. 59,434 shares of the company’s stock traded hands. China Petroleum & Chemical Corp. has a 12 month low of $48.28 and a 12 month high of $75.53. The firm has a market cap of $83.10 billion, a PE ratio of 20.80 and a beta of 0.96. The firm’s 50-day moving average is $71.56 and its 200 day moving average is $69.11.

This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/09/20/china-petroleum-chemical-corp-snp-cut-to-hold-at-thestreet.html

The business also recently disclosed a dividend, which was paid on Monday, September 12th. Investors 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 93.37%.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. BlackRock Advisors LLC boosted its position 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 during the period. Barclays PLC purchased a new stake in shares of China Petroleum & Chemical Corp. during the second quarter valued at about $210,000. BTC Capital Management Inc. raised its stake 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 in the last quarter. Bluefin Trading LLC purchased a new stake in shares of China Petroleum & Chemical Corp. during the second quarter valued at about $254,000. Finally, KCG Holdings Inc. purchased a new stake in shares of China Petroleum & Chemical Corp. during the second quarter valued at about $302,000. Institutional investors own 0.79% of the company’s stock.

About China Petroleum & Chemical Corp.

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

Receive News & Ratings for China Petroleum & Chemical Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for China Petroleum & Chemical Corp. and related companies with MarketBeat.com's FREE daily email newsletter.