ValuEngine downgraded shares of China Petroleum & Chemical (NYSE:SNP) from a buy rating to a hold rating in a report issued on Thursday morning.
A number of other brokerages have also issued reports on SNP. Zacks Investment Research upgraded shares of China Petroleum & Chemical from a hold rating to a strong-buy rating and set a $106.00 price target on the stock in a research note on Thursday, May 31st. Goldman Sachs Group lowered shares of China Petroleum & Chemical from a buy rating to a neutral rating in a research note on Monday, June 4th. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company’s stock. The company presently has an average rating of Hold and an average target price of $106.00.
Shares of China Petroleum & Chemical stock traded down $1.41 on Thursday, reaching $93.61. 2,768 shares of the stock were exchanged, compared to its average volume of 127,822. China Petroleum & Chemical has a 1-year low of $69.60 and a 1-year high of $105.61. The company has a quick ratio of 0.62, a current ratio of 0.99 and a debt-to-equity ratio of 0.13. The firm has a market cap of $114.36 billion, a price-to-earnings ratio of 16.85, a price-to-earnings-growth ratio of 0.63 and a beta of 1.33.
China Petroleum & Chemical (NYSE:SNP) last issued its quarterly earnings results on Sunday, August 26th. The oil and gas company reported $2.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.68 by $1.14. China Petroleum & Chemical had a net margin of 2.71% and a return on equity of 7.14%. The business had revenue of $106.54 billion for the quarter. equities research analysts anticipate that China Petroleum & Chemical will post 9.59 EPS for the current year.
The company also recently declared a special dividend, which will be paid on Friday, September 28th. Stockholders of record on Thursday, September 6th will be paid a dividend of $2.3455 per share. This represents a dividend yield of 12.6%. This is a positive change from China Petroleum & Chemical’s previous special dividend of $1.51. The ex-dividend date is Wednesday, September 5th. China Petroleum & Chemical’s payout ratio is 75.04%.
Several institutional investors have recently modified their holdings of the company. CIBC World Markets Inc. purchased a new stake in China Petroleum & Chemical during the second quarter worth about $1,457,000. Thomas White International Ltd. boosted its holdings in China Petroleum & Chemical by 14.0% during the first quarter. Thomas White International Ltd. now owns 65,572 shares of the oil and gas company’s stock worth $5,802,000 after buying an additional 8,045 shares in the last quarter. First Republic Investment Management Inc. purchased a new stake in China Petroleum & Chemical during the first quarter worth about $921,000. Wells Fargo & Company MN boosted its holdings in China Petroleum & Chemical by 515.2% during the first quarter. Wells Fargo & Company MN now owns 111,489 shares of the oil and gas company’s stock worth $9,865,000 after buying an additional 93,368 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in China Petroleum & Chemical by 3,248.8% during the first quarter. JPMorgan Chase & Co. now owns 31,010 shares of the oil and gas company’s stock worth $2,744,000 after buying an additional 30,084 shares in the last quarter. Institutional investors and hedge funds own 1.04% of the company’s stock.
China Petroleum & Chemical Company Profile
China Petroleum & Chemical Corporation, an energy and chemical company, engages in the oil and gas, and chemical operations and businesses in the People's Republic of China. It operates through five segments: Exploration and Production, Refining, Marketing and Distribution, Chemicals, and Corporate and Others.
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