China Petroleum & Chemical Co. (NYSE:SNP) Short Interest Down 24.5% in April


Share on StockTwits

China Petroleum & Chemical Co. (NYSE:SNP) was the target of a significant decrease in short interest during the month of April. As of April 15th, there was short interest totalling 432,500 shares, a decrease of 24.5% from the March 31st total of 573,000 shares. Based on an average daily volume of 145,200 shares, the short-interest ratio is presently 3.0 days.

Several analysts have recently commented on SNP shares. Zacks Investment Research cut China Petroleum & Chemical from a “strong-buy” rating to a “hold” rating and set a $51.00 target price for the company. in a research report on Tuesday, February 9th. Smith Barney Citigroup raised shares of China Petroleum & Chemical from a “neutral” rating to a “buy” rating in a research note on Wednesday, January 6th.

Shares of NYSE SNP traded up $0.89 during trading hours on Tuesday, hitting $51.70. 214,592 shares of the stock were exchanged, compared to its average volume of 155,644. China Petroleum & Chemical has a one year low of $38.18 and a one year high of $58.40. The company’s 50 day moving average is $52.90 and its 200 day moving average is $48.80. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.92 and a quick ratio of 0.63. The firm has a market capitalization of $62.59 billion, a P/E ratio of 11.22 and a beta of 0.99.

China Petroleum & Chemical (NYSE:SNP) last released its earnings results on Wednesday, April 28th. The oil and gas company reported $2.28 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.11 by $0.17. China Petroleum & Chemical had a net margin of 1.65% and a return on equity of 4.11%. Research analysts anticipate that China Petroleum & Chemical will post 5.3 earnings per share for the current fiscal year.

The firm also recently announced a semi-annual dividend, which will be paid on Tuesday, July 6th. Shareholders of record on Wednesday, June 9th will be issued a $1.9844 dividend. This represents a yield of 5.1%. The ex-dividend date of this dividend is Tuesday, June 8th. China Petroleum & Chemical’s dividend payout ratio (DPR) is currently 51.81%.

A number of hedge funds and other institutional investors have recently modified their holdings of SNP. Assetmark Inc. boosted its position in shares of China Petroleum & Chemical by 1,215.2% in the fourth quarter. Assetmark Inc. now owns 605 shares of the oil and gas company’s stock valued at $27,000 after acquiring an additional 559 shares during the period. Valeo Financial Advisors LLC bought a new position in China Petroleum & Chemical during the first quarter worth $36,000. Benjamin F. Edwards & Company Inc. raised its stake in China Petroleum & Chemical by 805.2% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 1,222 shares of the oil and gas company’s stock valued at $55,000 after purchasing an additional 1,087 shares during the last quarter. BlackRock Inc. bought a new stake in China Petroleum & Chemical in the 4th quarter valued at $66,000. Finally, Signaturefd LLC grew its position in China Petroleum & Chemical by 12.7% in the 4th quarter. Signaturefd LLC now owns 2,866 shares of the oil and gas company’s stock worth $128,000 after purchasing an additional 324 shares during the last quarter. 0.75% of the stock is currently owned by institutional investors.

About China Petroleum & Chemical

China Petroleum & Chemical Corporation, an energy and chemical company, engages in oil and gas, and chemical operations in the People's Republic of China. It operates through five segments: Exploration and Production, Refining, Marketing and Distribution, Chemicals, and Corporate and Others.

Further Reading: How accurate is the Rule of 72?

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