China Petroleum & Chemical Corporation (NYSE:SNP) was upgraded by equities researchers at Mizuho from a “neutral” rating to a “buy” rating in a research note issued to investors on Tuesday, The Fly reports.

A number of other research analysts have also recently commented on SNP. Zacks Investment Research cut China Petroleum & Chemical Corporation from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 12th. Jefferies Group LLC cut China Petroleum & Chemical Corporation from a “buy” rating to a “hold” rating in a research note on Monday, May 15th. BidaskClub cut China Petroleum & Chemical Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, June 14th. Finally, Sanford C. Bernstein raised China Petroleum & Chemical Corporation from a “market perform” rating to an “outperform” rating in a research report on Thursday, July 6th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. China Petroleum & Chemical Corporation has a consensus rating of “Hold” and a consensus price target of $89.00.

China Petroleum & Chemical Corporation (NYSE:SNP) traded up 0.69% on Tuesday, hitting $76.23. The stock had a trading volume of 61,201 shares. The company’s 50 day moving average is $78.55 and its 200 day moving average is $79.72. China Petroleum & Chemical Corporation has a 12-month low of $67.82 and a 12-month high of $84.88. The firm has a market cap of $92.33 billion, a PE ratio of 10.89 and a beta of 1.17.

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Hedge funds have recently made changes to their positions in the company. Cadence Capital Management LLC raised its stake in shares of China Petroleum & Chemical Corporation by 1.0% in the second quarter. Cadence Capital Management LLC now owns 9,566 shares of the oil and gas company’s stock worth $752,000 after buying an additional 94 shares during the last quarter. Ronald Blue & Co. LLC raised its stake in shares of China Petroleum & Chemical Corporation by 7.1% in the first quarter. Ronald Blue & Co. LLC now owns 3,388 shares of the oil and gas company’s stock worth $276,000 after buying an additional 226 shares during the last quarter. World Asset Management Inc raised its stake in shares of China Petroleum & Chemical Corporation by 1.6% in the first quarter. World Asset Management Inc now owns 15,895 shares of the oil and gas company’s stock worth $1,296,000 after buying an additional 250 shares during the last quarter. Comerica Bank raised its stake in shares of China Petroleum & Chemical Corporation by 2.0% in the first quarter. Comerica Bank now owns 14,988 shares of the oil and gas company’s stock worth $1,222,000 after buying an additional 299 shares during the last quarter. Finally, BNP Paribas Arbitrage SA raised its stake in shares of China Petroleum & Chemical Corporation by 1.8% in the second quarter. BNP Paribas Arbitrage SA now owns 26,880 shares of the oil and gas company’s stock worth $2,113,000 after buying an additional 474 shares during the last quarter. 0.71% of the stock is currently owned by institutional investors and hedge funds.

China Petroleum & Chemical Corporation Company Profile

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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