Equities analysts predict that China Petroleum & Chemical Corporation (NYSE:SNP) will post $0.97 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Zero analysts have issued estimates for China Petroleum & Chemical Corporation’s earnings. China Petroleum & Chemical Corporation posted earnings per share of $1.26 in the same quarter last year, which would suggest a negative year over year growth rate of 23%. The firm is expected to issue its next quarterly earnings results on Thursday, October 26th.

On average, analysts expect that China Petroleum & Chemical Corporation will report full-year earnings of $5.55 per share for the current year, with EPS estimates ranging from $4.87 to $6.23. For the next year, analysts forecast that the business will report earnings of $5.01 per share, with EPS estimates ranging from $3.52 to $6.50. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research firms that cover China Petroleum & Chemical Corporation.

Several equities analysts have recently issued reports on the company. Mizuho raised China Petroleum & Chemical Corporation from a “neutral” rating to a “buy” rating in a research note on Tuesday, August 8th. BidaskClub lowered China Petroleum & Chemical Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, June 14th. Sanford C. Bernstein raised China Petroleum & Chemical Corporation from a “market perform” rating to an “outperform” rating in a research note on Thursday, July 6th. Zacks Investment Research lowered China Petroleum & Chemical Corporation from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 12th. Finally, Jefferies Group LLC lowered China Petroleum & Chemical Corporation from a “buy” rating to a “hold” rating in a research note on Monday, May 15th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $89.00.

Shares of China Petroleum & Chemical Corporation (NYSE:SNP) traded up 0.19% during midday trading on Friday, reaching $78.37. 179,203 shares of the company’s stock traded hands. The stock’s 50 day moving average price is $75.56 and its 200 day moving average price is $78.92. The firm has a market capitalization of $94.88 billion, a P/E ratio of 11.52 and a beta of 1.16. China Petroleum & Chemical Corporation has a 52-week low of $67.82 and a 52-week high of $84.88.

The business also recently announced a special dividend, which will be paid on Friday, October 6th. Shareholders of record on Tuesday, September 19th will be paid a $1.5115 dividend. This represents a yield of 6.63%. The ex-dividend date of this dividend is Monday, September 18th. China Petroleum & Chemical Corporation’s payout ratio is 50.00%.

A number of large investors have recently added to or reduced their stakes in the business. U S Global Investors Inc. lifted its stake in China Petroleum & Chemical Corporation by 435.0% in the second quarter. U S Global Investors Inc. now owns 17,656 shares of the oil and gas company’s stock valued at $1,388,000 after buying an additional 14,356 shares during the period. Assetmark Inc. lifted its stake in China Petroleum & Chemical Corporation by 4.4% in the second quarter. Assetmark Inc. now owns 231,105 shares of the oil and gas company’s stock valued at $18,165,000 after buying an additional 9,743 shares during the period. Arrowstreet Capital Limited Partnership lifted its stake in China Petroleum & Chemical Corporation by 52.4% in the second quarter. Arrowstreet Capital Limited Partnership now owns 404,796 shares of the oil and gas company’s stock valued at $31,817,000 after buying an additional 139,206 shares during the period. State Street Corp lifted its stake in China Petroleum & Chemical Corporation by 39.9% in the second quarter. State Street Corp now owns 56,287 shares of the oil and gas company’s stock valued at $4,424,000 after buying an additional 16,053 shares during the period. Finally, Royal Bank of Canada lifted its stake in China Petroleum & Chemical Corporation by 7.0% in the second quarter. Royal Bank of Canada now owns 194,400 shares of the oil and gas company’s stock valued at $15,281,000 after buying an additional 12,715 shares during the period. 0.76% of the stock is currently owned by hedge funds and other institutional investors.

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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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Earnings History and Estimates for China Petroleum & Chemical Corporation (NYSE:SNP)

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