Sanford C. Bernstein upgraded shares of China Petroleum & Chemical Corporation (NYSE:SNP) from a market perform rating to an outperform rating in a research report released on Thursday, July 6th, The Fly reports.

Several other equities research analysts also recently issued reports on the stock. BidaskClub downgraded shares of China Petroleum & Chemical Corporation from a sell rating to a strong sell rating in a research note on Friday, June 30th. Jefferies Group LLC cut China Petroleum & Chemical Corporation from a buy rating to a hold rating in a research report on Monday, May 15th. Zacks Investment Research cut China Petroleum & Chemical Corporation from a strong-buy rating to a hold rating in a report on Friday, May 12th. Finally, TheStreet raised China Petroleum & Chemical Corporation from a c+ rating to a b rating in a report on Monday, March 27th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the company’s stock. The stock has an average rating of Hold and an average price target of $89.00.

Shares of China Petroleum & Chemical Corporation (SNP) traded up 0.08% during mid-day trading on Thursday, reaching $75.88. 77,394 shares of the company traded hands. The company has a market capitalization of $91.91 billion, a P/E ratio of 10.84 and a beta of 1.17. The stock’s 50-day moving average is $78.55 and its 200-day moving average is $79.72. China Petroleum & Chemical Corporation has a 52 week low of $67.82 and a 52 week high of $84.88.

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Several institutional investors have recently bought and sold shares of the company. BNP Paribas Arbitrage SA raised its position in China Petroleum & Chemical Corporation by 1.8% in the second quarter. BNP Paribas Arbitrage SA now owns 26,880 shares of the oil and gas company’s stock valued at $2,113,000 after buying an additional 474 shares during the last quarter. Advisors Asset Management Inc. boosted its position in China Petroleum & Chemical Corporation by 31.7% in the second quarter. Advisors Asset Management Inc. now owns 20,722 shares of the oil and gas company’s stock valued at $1,629,000 after buying an additional 4,988 shares during the period. ClariVest Asset Management LLC boosted its position in China Petroleum & Chemical Corporation by 5.6% in the second quarter. ClariVest Asset Management LLC now owns 136,871 shares of the oil and gas company’s stock valued at $10,758,000 after buying an additional 7,200 shares during the period. First Trust Advisors LP boosted its position in China Petroleum & Chemical Corporation by 20.1% in the second quarter. First Trust Advisors LP now owns 22,551 shares of the oil and gas company’s stock valued at $1,773,000 after buying an additional 3,779 shares during the period. Finally, Ronald Blue & Co. LLC boosted its stake in China Petroleum & Chemical Corporation by 10.1% in the second quarter. Ronald Blue & Co. LLC now owns 3,731 shares of the oil and gas company’s stock valued at $293,000 after buying an additional 343 shares during the last quarter. Institutional investors own 0.71% of the company’s stock.

About China Petroleum & Chemical Corporation

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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