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

China Petroleum & Chemical (NYSE:SNP) was downgraded by equities research analysts at ValuEngine from a “hold” rating to a “sell” rating in a research report issued on Thursday, April 4th, ValuEngine reports.

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

Shares of SNP stock traded down $0.35 during trading hours on Thursday, reaching $76.18. The company had a trading volume of 105,786 shares, compared to its average volume of 169,419. China Petroleum & Chemical has a 12 month low of $69.02 and a 12 month 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. The firm has a market capitalization of $94.38 billion, a PE ratio of 13.68, a P/E/G ratio of 1.48 and a beta of 1.59.

Institutional investors and hedge funds have recently bought and sold shares of the company. U S Global Investors Inc. purchased a new position in shares of China Petroleum & Chemical in the 4th quarter worth about $25,000. Financial Gravity Companies Inc. purchased a new stake in shares of China Petroleum & Chemical in the 4th quarter worth approximately $27,000. We Are One Seven LLC purchased a new stake in shares of China Petroleum & Chemical in the 4th quarter worth approximately $58,000. Whitener Capital Management Inc. grew its stake in shares of China Petroleum & Chemical by 75.0% in the 4th quarter. Whitener Capital Management Inc. now owns 1,050 shares of the oil and gas company’s stock worth $74,000 after buying an additional 450 shares during the last quarter. Finally, GQG Partners LLC purchased a new stake in shares of China Petroleum & Chemical in the 4th quarter worth approximately $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.

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