Trading Report: Today, China Petroleum & Chemical Corp. (SNP) Receives Consensus Recommendation of “Buy” from Analysts

Today, China Petroleum & Chemical Corp. (SNP) Receives Consensus Recommendation of “Buy” from Analysts

Shares of China Petroleum & Chemical Corp. (NYSE:SNP) have received an average recommendation of “Buy” from the six brokerages that are covering the firm. Four research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $83.00.

Several analysts have recently issued reports on the company. Zacks Investment Research upgraded China Petroleum & Chemical Corp. from a “hold” rating to a “strong-buy” rating and set a $83.00 price objective on the stock in a research report on Friday, August 12th. TheStreet lowered China Petroleum & Chemical Corp. from a “buy” rating to a “hold” rating in a research note on Monday, September 19th.

China Petroleum & Chemical Corp. (NYSE:SNP) traded down 0.54% on Friday, reaching $69.69. 125,215 shares of the company’s stock traded hands. China Petroleum & Chemical Corp. has a 52 week low of $48.28 and a 52 week high of $77.93. The stock has a market capitalization of $84.52 billion, a price-to-earnings ratio of 16.21 and a beta of 1.25. The firm has a 50-day moving average price of $73.00 and a 200-day moving average price of $71.26.

Institutional investors have recently added to or reduced their stakes in the stock. BlackRock Advisors LLC raised its position in China Petroleum & Chemical Corp. by 14.7% in the second quarter. BlackRock Advisors LLC now owns 1,892 shares of the company’s stock valued at $136,000 after buying an additional 242 shares during the last quarter. JPMorgan Chase & Co. raised its position in China Petroleum & Chemical Corp. by 2.1% in the third quarter. JPMorgan Chase & Co. now owns 2,333 shares of the company’s stock valued at $172,000 after buying an additional 49 shares during the last quarter. Barclays PLC acquired a new position in China Petroleum & Chemical Corp. during the second quarter valued at approximately $210,000. Checchi Capital Advisers LLC raised its position in China Petroleum & Chemical Corp. by 23.6% in the third quarter. Checchi Capital Advisers LLC now owns 2,931 shares of the company’s stock valued at $216,000 after buying an additional 560 shares during the last quarter. Finally, Creative Planning raised its position in China Petroleum & Chemical Corp. by 909.1% in the third quarter. Creative Planning now owns 3,330 shares of the company’s stock valued at $246,000 after buying an additional 3,000 shares during the last quarter. Hedge funds and other institutional investors own 0.81% of the company’s stock.

Related posts

Leave a Comment