China Petroleum & Chemical (SNP) Lowered to Neutral at Macquarie

Macquarie downgraded shares of China Petroleum & Chemical (NYSE:SNP) from an outperform rating to a neutral rating in a research note released on Tuesday morning, The Fly reports.

A number of other equities analysts also recently issued reports on SNP. ValuEngine downgraded China Petroleum & Chemical from a buy rating to a hold rating in a research report on Thursday, September 28th. Zacks Investment Research downgraded China Petroleum & Chemical from a strong-buy rating to a hold rating in a research report on Tuesday, January 2nd. Finally, Nomura initiated coverage on China Petroleum & Chemical in a research report on Wednesday, December 6th. They set a neutral rating on the stock. One analyst has rated the stock with a sell rating, three have given a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of Buy and a consensus price target of $93.00.

China Petroleum & Chemical (NYSE:SNP) opened at $84.07 on Tuesday. China Petroleum & Chemical has a 12-month low of $69.60 and a 12-month high of $84.88. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.61 and a current ratio of 0.97. The stock has a market capitalization of $124,350.00, a price-to-earnings ratio of 11.91, a PEG ratio of 1.77 and a beta of 1.28.

A number of hedge funds have recently modified their holdings of the stock. PNC Financial Services Group Inc. boosted its position in China Petroleum & Chemical by 3.2% during 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 purchasing an additional 95 shares in the last quarter. Stifel Financial Corp boosted its position in China Petroleum & Chemical by 1.5% during the second quarter. Stifel Financial Corp now owns 8,932 shares of the oil and gas company’s stock valued at $702,000 after purchasing an additional 132 shares in the last quarter. Eagle Asset Management Inc. boosted its position in China Petroleum & Chemical by 10.8% during 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 purchasing an additional 389 shares in the last quarter. Oppenheimer Asset Management Inc. boosted its position in China Petroleum & Chemical by 19.2% during 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 purchasing an additional 726 shares in the last quarter. Finally, D.A. Davidson & CO. boosted its position in China Petroleum & Chemical by 13.9% during the second quarter. D.A. Davidson & CO. now owns 6,305 shares of the oil and gas company’s stock valued at $495,000 after purchasing an additional 769 shares in the last quarter. 0.86% of the stock is currently owned by institutional investors.

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About China Petroleum & Chemical

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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