China Petroleum & Chemical Corp. (NYSE:SNP) has earned a consensus rating of “Buy” from the six research firms that are presently covering the firm. Four investment analysts have rated the stock with a hold recommendation, one has issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year target price among analysts that have covered the stock in the last year is $83.00.

SNP has been the subject of a number of research reports. TheStreet downgraded China Petroleum & Chemical Corp. from a “buy” rating to a “hold” rating in a research report on Monday, September 19th. Zacks Investment Research upgraded China Petroleum & Chemical Corp. from a “hold” rating to a “strong-buy” rating and set a $83.00 price objective for the company in a research report on Friday, August 12th.

Several institutional investors have recently bought and sold shares of the company. BlackRock Advisors LLC increased 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 period. JPMorgan Chase & Co. increased 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 period. Barclays PLC bought a new position in China Petroleum & Chemical Corp. during the second quarter valued at approximately $210,000. Checchi Capital Advisers LLC increased 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 period. Finally, Creative Planning increased 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 period. Institutional investors and hedge funds own 0.81% of the company’s stock.

TRADEMARK VIOLATION WARNING: “Brokerages Set China Petroleum & Chemical Corp. (SNP) PT at $83.00” was first published by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are accessing this article on another site, it was copied illegally and reposted in violation of United States & international copyright laws. The original version of this article can be accessed at https://www.thecerbatgem.com/2016/11/28/brokerages-set-china-petroleum-chemical-corp-snp-pt-at-83-00-2.html.

China Petroleum & Chemical Corp. (NYSE:SNP) opened at 69.69 on Friday. China Petroleum & Chemical Corp. has a 52 week low of $48.28 and a 52 week high of $77.93. The company’s 50-day moving average price is $72.70 and its 200-day moving average price is $71.29. The company has a market capitalization of $84.52 billion, a P/E ratio of 16.21 and a beta of 1.25.

China Petroleum & Chemical Corp. Company Profile

China Petroleum & Chemical Corporation is an energy and chemical company. The Company is engaged in oil and gas, and chemical operations in the People’s Republic of China (the PRC). The Company’s segments include exploration and production segment, refining segment, marketing and distribution segment, chemicals segment, and corporate and others.

5 Day Chart for NYSE:SNP

Receive News & Stock Ratings for China Petroleum & Chemical Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for China Petroleum & Chemical Corp. and related stocks with our FREE daily email newsletter.