China Petroleum & Chemical (SNP) Downgraded to Strong Sell at ValuEngine

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China Petroleum & Chemical (NYSE:SNP) was downgraded by ValuEngine from a “sell” rating to a “strong sell” rating in a research note issued on Wednesday, ValuEngine reports.

A number of other equities analysts have also recently commented on SNP. Citigroup cut shares of China Petroleum & Chemical from a “neutral” rating to a “sell” rating in a research report on Friday, January 4th. Credit Suisse Group cut shares of China Petroleum & Chemical from an “outperform” rating to a “neutral” rating in a research report on Thursday, January 10th. Morgan Stanley cut shares of China Petroleum & Chemical from an “overweight” rating to an “equal weight” rating in a research report on Wednesday, March 6th. Finally, Zacks Investment Research upgraded shares of China Petroleum & Chemical from a “sell” rating to a “hold” rating in a research report on Friday, March 22nd. Three investment analysts have rated the stock with a sell rating and three have given a hold rating to the stock. China Petroleum & Chemical has an average rating of “Hold” and a consensus target price of $94.00.

NYSE:SNP traded down $1.81 during trading hours on Wednesday, reaching $76.14. The company’s stock had a trading volume of 137,325 shares, compared to its average volume of 170,453. The stock has a market cap of $94.91 billion, a PE ratio of 13.67, a PEG ratio of 1.48 and a beta of 1.59. China Petroleum & Chemical has a 1 year low of $69.02 and a 1 year high of $105.61. The company has a quick ratio of 0.57, a current ratio of 0.89 and a debt-to-equity ratio of 0.11.

Hedge funds have recently added to or reduced their stakes in the business. U S Global Investors Inc. purchased a new position in shares of China Petroleum & Chemical in the fourth quarter valued at about $25,000. Financial Gravity Companies Inc. purchased a new position in shares of China Petroleum & Chemical in the fourth quarter valued at about $27,000. We Are One Seven LLC purchased a new position in shares of China Petroleum & Chemical in the fourth quarter valued at about $58,000. Whitener Capital Management Inc. increased its position in shares of China Petroleum & Chemical by 75.0% in the fourth quarter. Whitener Capital Management Inc. now owns 1,050 shares of the oil and gas company’s stock valued at $74,000 after acquiring an additional 450 shares during the period. Finally, GQG Partners LLC purchased a new position in shares of China Petroleum & Chemical in the fourth quarter valued at about $97,000. Hedge funds and other institutional investors own 1.02% 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.

Further Reading: Quiet Period

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