China Petroleum & Chemical Corporation (NYSE:SNP) has earned an average recommendation of “Hold” from the seven analysts that are covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company.

A number of research analysts have recently commented on the stock. Citigroup Inc. raised shares of China Petroleum & Chemical Corporation from a “neutral” rating to a “buy” rating in a report on Tuesday. BidaskClub raised China Petroleum & Chemical Corporation from a “strong sell” rating to a “sell” rating in a research note on Tuesday, August 22nd. Mizuho raised China Petroleum & Chemical Corporation from a “neutral” rating to a “buy” rating in a research note on Tuesday, August 8th. Sanford C. Bernstein raised China Petroleum & Chemical Corporation from a “market perform” rating to an “outperform” rating in a research note on Thursday, July 6th. Finally, Jefferies Group LLC downgraded China Petroleum & Chemical Corporation from a “buy” rating to a “hold” rating in a research note on Monday, May 15th.

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Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Sit Investment Associates Inc. purchased a new stake in China Petroleum & Chemical Corporation during the second quarter worth $204,000. Sawtooth Solutions LLC purchased a new stake in China Petroleum & Chemical Corporation during the first quarter worth $236,000. PNC Financial Services Group Inc. increased its stake in China Petroleum & Chemical Corporation 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 worth $241,000 after buying an additional 95 shares in the last quarter. U S Global Investors Inc purchased a new stake in China Petroleum & Chemical Corporation during the first quarter worth $269,000. Finally, Ronald Blue & Co. LLC increased its stake in China Petroleum & Chemical Corporation by 7.1% in the first quarter. Ronald Blue & Co. LLC now owns 3,388 shares of the oil and gas company’s stock worth $276,000 after buying an additional 226 shares in the last quarter. 0.76% of the stock is owned by institutional investors.

China Petroleum & Chemical Corporation (NYSE:SNP) traded up 1.28% during trading on Friday, hitting $77.62. 94,197 shares of the stock were exchanged. The stock has a market capitalization of $93.98 billion, a price-to-earnings ratio of 11.41 and a beta of 1.16. The firm has a 50-day moving average of $75.59 and a 200-day moving average of $78.93. China Petroleum & Chemical Corporation has a 52 week low of $67.82 and a 52 week high of $84.88.

The company also recently disclosed a special dividend, which will be paid on Friday, October 6th. Stockholders of record on Tuesday, September 19th will be paid a $1.5115 dividend. This represents a dividend yield of 6.63%. The ex-dividend date is Monday, September 18th. China Petroleum & Chemical Corporation’s dividend payout ratio is currently 50.00%.

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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