China Petroleum & Chemical (SNP) Now Covered by Analysts at Nomura

Nomura started coverage on shares of China Petroleum & Chemical (NYSE:SNP) in a report published on Wednesday morning. The brokerage issued a neutral rating on the oil and gas company’s stock.

Several other equities analysts have also recently weighed in on SNP. ValuEngine cut shares of China Petroleum & Chemical from a buy rating to a hold rating in a research note on Thursday, September 28th. Mizuho raised shares of China Petroleum & Chemical from a neutral rating to a buy rating in a research note on Tuesday, August 8th. BidaskClub raised shares of China Petroleum & Chemical from a strong sell rating to a sell rating in a research note on Tuesday, August 22nd. Zacks Investment Research raised shares of China Petroleum & Chemical from a hold rating to a buy rating and set a $84.00 price target for the company in a research note on Wednesday, October 18th. Finally, Citigroup raised shares of China Petroleum & Chemical from a neutral rating to a buy rating in a research note on Tuesday, August 29th. One analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the stock. The company has a consensus rating of Hold and a consensus price target of $82.00.

Shares of China Petroleum & Chemical (NYSE:SNP) traded down $1.47 on Wednesday, hitting $69.82. 181,100 shares of the stock traded hands, compared to its average volume of 121,034. The company has a market cap of $86,311.66, a PE ratio of 15.70, a P/E/G ratio of 1.88 and a beta of 1.26. China Petroleum & Chemical has a one year low of $69.60 and a one year high of $84.88. The company has a quick ratio of 0.61, a current ratio of 0.97 and a debt-to-equity ratio of 0.14.

In related news, Director Wolfgang Wiese sold 355,000 shares of the firm’s stock in a transaction on Friday, September 29th. The shares were sold at an average price of $0.25, for a total value of $88,750.00. Insiders sold 368,500 shares of company stock valued at $96,400 over the last three months. 92.20% of the stock is owned by company insiders.

Large investors have recently added to or reduced their stakes in the stock. Dynamic Technology Lab Private Ltd bought a new position in shares of China Petroleum & Chemical in the third quarter valued at $218,000. PNC Financial Services Group Inc. grew its stake in shares of China Petroleum & Chemical by 3.2% in the second quarter. PNC Financial Services Group Inc. now owns 3,078 shares of the oil and gas company’s stock valued at $241,000 after buying an additional 95 shares in the last quarter. Quantbot Technologies LP grew its stake in shares of China Petroleum & Chemical by 1,393.7% in the second quarter. Quantbot Technologies LP now owns 3,570 shares of the oil and gas company’s stock valued at $280,000 after buying an additional 3,331 shares in the last quarter. Eagle Asset Management Inc. grew its stake in shares of China Petroleum & Chemical by 10.8% in the second quarter. Eagle Asset Management Inc. now owns 3,992 shares of the oil and gas company’s stock valued at $313,000 after buying an additional 389 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. grew its stake in shares of China Petroleum & Chemical by 19.2% in the second quarter. Oppenheimer Asset Management Inc. now owns 4,505 shares of the oil and gas company’s stock valued at $354,000 after buying an additional 726 shares in the last quarter. 0.87% of the stock is owned by institutional investors and hedge funds.

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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.

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