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

A number of other analysts have also weighed in on SNP. Zacks Investment Research lowered shares of China Petroleum & Chemical Corp. from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, June 8th. Macquarie raised shares of China Petroleum & Chemical Corp. from a “neutral” rating to an “outperform” rating in a research note on Monday, July 25th. Four equities research 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. China Petroleum & Chemical Corp. presently has a consensus rating of “Buy” and a consensus price target of $83.00.

Shares of China Petroleum & Chemical Corp. (NYSE:SNP) traded down 0.68% during trading on Monday, hitting $68.64. 59,434 shares of the stock were exchanged. China Petroleum & Chemical Corp. has a 52-week low of $48.28 and a 52-week high of $75.53. The firm has a 50 day moving average of $71.56 and a 200-day moving average of $69.11. The stock has a market cap of $83.10 billion, a PE ratio of 20.80 and a beta of 0.96.

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The company also recently declared a dividend, which was paid on Monday, September 12th. Shareholders of record on Monday, September 12th were given a dividend of $1.045 per share. This is a positive change 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 presently 93.37%.

Hedge funds have recently added to or reduced their stakes in the stock. Thomas White International Ltd. raised its stake in China Petroleum & Chemical Corp. by 203.1% in the first quarter. Thomas White International Ltd. now owns 25,536 shares of the company’s stock valued at $1,664,000 after buying an additional 17,110 shares during the last quarter. BTC Capital Management Inc. raised its position 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 during the last quarter. UBS Group AG raised its position in shares of China Petroleum & Chemical Corp. by 0.5% in the first quarter. UBS Group AG now owns 86,109 shares of the company’s stock valued at $5,610,000 after buying an additional 424 shares during the last quarter. Goldman Sachs Group Inc. raised its position in shares of China Petroleum & Chemical Corp. by 27.3% in the first quarter. Goldman Sachs Group Inc. now owns 51,290 shares of the company’s stock valued at $3,342,000 after buying an additional 10,986 shares during the last quarter. Finally, HBK Investments L P bought a new position in shares of China Petroleum & Chemical Corp. during the first quarter valued at approximately $317,000. 0.79% of the stock is owned by institutional investors and hedge funds.

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.

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