Nomura assumed coverage on shares of China Petroleum & Chemical (NYSE:SNP) in a report released on Wednesday. The brokerage set a “neutral” rating on the oil and gas company’s stock.

SNP has been the topic of several other reports. Zacks Investment Research upgraded China Petroleum & Chemical from a “hold” rating to a “buy” rating and set a $84.00 price target on the stock in a research report on Wednesday, October 18th. Mizuho upgraded China Petroleum & Chemical from a “neutral” rating to a “buy” rating in a research report on Tuesday, August 8th. BidaskClub upgraded China Petroleum & Chemical from a “strong sell” rating to a “sell” rating in a research report on Tuesday, August 22nd. ValuEngine upgraded China Petroleum & Chemical from a “hold” rating to a “buy” rating in a research report on Monday, September 11th. Finally, Citigroup upgraded China Petroleum & Chemical from a “neutral” rating to a “buy” rating in a research report on Tuesday, August 29th. One research analyst has rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company. China Petroleum & Chemical currently has a consensus rating of “Hold” and a consensus price target of $82.00.

China Petroleum & Chemical (SNP) traded down $0.13 during midday trading on Wednesday, hitting $71.29. The company had a trading volume of 99,000 shares, compared to its average volume of 120,777. The company has a quick ratio of 0.61, a current ratio of 0.97 and a debt-to-equity ratio of 0.14. China Petroleum & Chemical has a one year low of $69.86 and a one year high of $84.88. The company has a market capitalization of $86,469.05, a price-to-earnings ratio of 15.73, a PEG ratio of 1.88 and a beta of 1.26.

In other China Petroleum & Chemical news, Director Wolfgang Wiese sold 355,000 shares of China Petroleum & Chemical stock in a transaction on Friday, September 29th. The stock was sold at an average price of $0.25, for a total transaction of $88,750.00. Insiders have sold 368,500 shares of company stock valued at $96,400 in the last quarter. 92.20% of the stock is owned by company insiders.

Large investors have recently made changes to their positions in the business. Sit Investment Associates Inc. purchased a new position in China Petroleum & Chemical during the second quarter valued at $204,000. Checchi Capital Advisers LLC purchased a new position in China Petroleum & Chemical during the first quarter valued at $207,000. Dynamic Technology Lab Private Ltd purchased a new position in China Petroleum & Chemical during the third quarter valued at $218,000. BTC Capital Management Inc. raised its stake in China Petroleum & Chemical by 1.6% during the first quarter. BTC Capital Management Inc. now owns 3,411 shares of the oil and gas company’s stock valued at $221,000 after buying an additional 54 shares during the last quarter. Finally, Sawtooth Solutions LLC purchased a new position in China Petroleum & Chemical during the first quarter valued at $236,000. Institutional investors and hedge funds own 0.87% of the company’s stock.

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China Petroleum & Chemical 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.

Analyst Recommendations for China Petroleum & Chemical (NYSE:SNP)

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