SNP - China Petroleum & Chemical Corporation

NYSE - Nasdaq Real Time Price. Currency in USD
79.71
+0.60 (+0.76%)
As of 10:27AM EST. Market open.
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Previous Close79.11
Open79.44
Bid79.500 x 1000
Ask79.680 x 900
Day's Range79.07 - 79.94
52 Week Range69.02 - 105.61
Volume35,908
Avg. Volume219,588
Market Cap87.382B
Beta (3Y Monthly)1.61
PE Ratio (TTM)8.76
EPS (TTM)9.100
Earnings DateN/A
Forward Dividend & Yield8.63 (10.91%)
Ex-Dividend Date2018-09-05
1y Target Est102.88
Trade prices are not sourced from all markets
  • Sinopec's marketing arm listing may prove hard sell in soft markets
    Reuters7 hours ago

    Sinopec's marketing arm listing may prove hard sell in soft markets

    SINGAPORE/HONG KONG (Reuters) - Sinopec Corp, Asia's top refiner, may have a hard time finding buyers for a multi-billion-dollar stock offering of its fuel marketing arm because of investor pushback against higher valuations amid tepid equity markets. Sinopec won final regulatory approval in December for the listing of its marketing unit in Hong Kong, said two people with knowledge of the matter. Hong Kong's Heng Seng Index has dropped 19 percent since it hit a record in January 2018.

  • The Wall Street Journal15 hours ago

    [$$] China Offers Iran $3 Billion Oil-Field Deal as Europe Halts Iranian Crude Purchases

    China’s state-run energy giant is making a new approach to clinch a $3 billion deal for more development of an Iranian oil field, seeking to take advantage of waivers allowed under U.S. sanctions as two European nations have ended crude purchases, according to people familiar with the matter. The moves highlight the divergent ways nations are reacting to temporary exemptions from U.S. sanctions on Iran. China’s decision to pursue lucrative deals with Tehran and deepen its presence in Iran contrasts with a retreat by Italy and Greece stemming from fear that financial transactions and physical trade with Iran have become too difficult.

  • Sinopec Wins Cabinet Approval for IPO of Retail Unit
    Bloomberg4 days ago

    Sinopec Wins Cabinet Approval for IPO of Retail Unit

    The green light from the State Council clears the final Chinese regulatory hurdle for the deal and means the IPO arrangers can move forward with detailed work on the listing, according to the people. Sinopec aims to sell shares of the business in Hong Kong this year, though it hasn’t set a definitive timetable for when preparations will start, the people said, asking not to be identified because the information is private. The unit, known as Sinopec Marketing Co., may seek to raise about $5 billion to $6 billion in the offering, the people said.

  • 10 A-Rated Stocks the Smart Money Is Piling Into
    InvestorPlace7 days ago

    10 A-Rated Stocks the Smart Money Is Piling Into

    While December was the worst in decades, it appears the exact opposite is true of January so far. What went down dramatically is now going up in similar fashion. Much of the renewed optimism for stocks to buy comes from the fact that the game of trade chicken that the U.S. and China have been engaged in isn't helping either country. I remember an old cartoon about the cold war that had two people standing knee-deep in gasoline. One person had two matches, the other five. The same self-destructive kind of thing is happening with the trade war, and finally, both sides seem to understand. At least, the market is anticipating that they do. InvestorPlace - Stock Market News, Stock Advice & Trading Tips * InvestorPlace Roundup: The Hottest Stocks in the Market Today Below are 10 A-rated stocks that the smart money is piling into. That means all score A ratings for Momentum in my Portfolio Grader, and there is significant activity in buying by institutional investors. ### ServiceNow (NOW) ServiceNow Inc (NYSE:NOW) is the next iteration of CRM-focused systems, but it is all cloud-based. Also, it has a deeper amount of architecture and design ability that many customer resource management systems don't have. It has a solid $34 billion market cap, which means that it has a sizable enterprise-level client base and it is no longer and spry up-and-comer. It is a respectable provider of cloud computing solutions. The stock is up 35% in the past 12 months, and it is having a solid January so far, up 5%. If the economy stays strong and the various trade wars get worked out, NOW has plenty of potential in and beyond 2019. ### China Petroleum & Chemical Corp ADR (SNP) Source: SarahTz Via Flickr China Petroleum & Chemical Corp ADR (NYSE:SNP) is better known in the West as Sinopec. It's the largest oil and petrochemical products supplier in the world. It's the second-largest oil and gas producer in China, the largest refining company and the second-largest chemical company in the world. And its total number of gas stations put it at No. 2 in the world. Suffice it to say, it's a major integrated energy company. And the crazy thing is, it only started in 1998. Most massive energy companies hark back to exploration and production in the 1800s. Sinopec has grown massively since its founding and it has now come to experience a downturn in the energy patch for the first time since its ascent. And the volatility is still present. * 10 Stocks You Can Set and Forget (Even In This Market) In November it was at an eight-month low, but so far in January, SNP is up nearly 10%. And it's delivering a solid 6% dividend. ### Veeva Systems (VEEV) Source: Shutterstock Veeva Systems Inc (NYSE:VEEV) has a unique niche that will pay off handsomely over the coming years. Don't get me wrong, it's doing well now -- the stock is up 70% in the past 12 months and 11% in 2019 -- but it is becoming the major player in a niche that will only grow. It specializes in creating cloud-based software solutions for the life sciences industry. That may not sound very sexy, but when you consider the graying of the populations in developed nations, the demand for better healthcare in China, India and beyond, you have a lot of potential. And VEEV is the top player. ### Ecopetrol SA ADR (EC) Source: Shutterstock Ecopetrol SA ADR (NYSE:EC) is the largest energy company in Colombia. While that may not sound incredibly impressive, Colombia has a lot of major exploration and production (E&P) companies there. What's more, given the implosion of major South American producer Venezuela and the political turmoil in Brazil, Colombia is a steady, reliable energy partner. In the past, E&P was tough because there was a low-intensity civil war going on and a significant drug trade that was all happening in the same parts of the country. But now that's past, and the rebels are negotiating with the government. The government is more stable and predictable and energy prices are on the rise. All good news for EC. * 7 Stocks to Buy That Are Ready for Takeoff Up 16% since 2019 began, it also offers a respectable 3.5% dividend. ### Abiomed Inc (ABMD) Source: Shutterstock Abiomed Inc (NASDAQ:ABMD) is a stock that I have been singing the praises of for a while now. It is a specialized company that is the leader in a technology that is going to increase in demand globally for many years to come. What's more, its $15 billion market cap means it can grow organically or, it is the perfect size for a major healthcare firm to snap it up at a significant premium and just plug it into its broader scope of products. Either way, investors will be well rewarded. ABMD make the smallest heart pump in the world. And given the fact that developed nations are seeing baby boomers gray, this type of device is only going to grow in demand. ABMD stock is up 51% in the past 12 months and will move even faster as the global economy recovers. ### Tableau Software (DATA) Source: IDelearn via YouTube Tableau Software Inc (NASDAQ:DATA) as you may have guessed by its ticker symbol specializes in business intelligence and data analytics software. Basically, that means you can take your company's data and create data visualizations and explore data in a number of ways that previously would have taken experts to build and deliver. It's a niche company that offers a powerful tool for enterprise and smaller businesses looking to get more from their data and allow their people to understand more about the numbers. * 7 Stocks to Buy That Are Run By Billionaires Up 60% in the past 12 months, it's off to a slow start this year, but has big prospects. ### Twilio (TWLO) Source: Web Summit Via Flickr Twilio Inc (NYSE:TWLO) is a cloud-based communications platform built for developers. One of the new forms of delivering services to consumers is with application program interfaces (APIs). Here's a metaphor to help you understand the power of APIs in our new app-driven world. Say you're a customer in a restaurant. The API is the server and the company you are communicating with is the chef. The server asks for your order. You tell them, and they deliver it to the chef. When your request is ready, it comes to you. This is how all apps work and TWLO is one of the biggest players in this space. Up a whopping 275% in the past 12 months, it has plenty of room to grow. ### Sarepta Therapeutics (SRPT) Sarepta Therapeutics Inc (NASDAQ:SRPT) is a biopharmaceutical company that specializes in rare neuromuscular diseases (like Duchenne Muscular Dystrophy, or DMD) using gene therapy and other therapeutics. The stock was up 90% in the past 12 months and is up 10 already in 2019. Much of that is about its strong earnings and the progress it's making on its new drugs. It's expecting to bring three RNA-based drugs to market in 2020 and capture about 30% of the DMD market. * 7 Stocks at Risk of the Global Smartphone Slowdown There's a growing demand for effective drugs that can treat chronic diseases, SRPT is well positioned for growth or a buyout at a significant premium. ### Zendesk (ZEN) Source: OFFICIAL LEWEB PHOTOS via Flickr Zendesk Inc (NYSE:ZEN) is part of the new boom in omnichannel customer service support. Essentially, that means ZEN provides an online platform to integrate a company's customer service so that it is available for all departments to see and follow up on. Nowadays there are numerous channels for customers and potential customers to use for feedback, follow-ups, queries, etc. ZEN provides companies with an efficient way for a customer's email query to get linked to their interaction with a chatbot and the phone call they made the other week. Customer resource management is a big deal and numerous companies are now carving up that market and disrupting it. ZEN is succeeding in doing just that. Up 66% in the past 12 months, it's off to a strong start in 2019 as well. ### Match Group (MTCH) Source: Bixentro via Flickr Match Group (NASDAQ:MTCH) is the parent company of some of the most well-known sites on the web. It owns dating sites Tinder, Match, PlentyOfFish, Meetic, Pairs, Twoo, OurTime, BlackPeopleMeet and LoveScout24. It also has a division that is focused on education services like test preparation, academic tutoring and college counseling services. Its products are in 42 languages and available in 190 countries. The power of this focused social media business is the fact that it has hundreds of millions of people that use or have used its services and that means it has huge amounts of data to cross-promote its own services as well as rent that data to others. * 10 Key Emerging-Market Stocks to Buy for Contrarian Investors Up 39% in the past 12 months, this social matchmaking company is much closer to its beginnings than its end. Louis Navellier is a renowned growth investor. He is the editor of four investing newsletters: Growth Investor, Breakthrough Stocks, Accelerated Profits and Platinum Growth. His most popular service, Growth Investor, has a track record of beating the market 3:1 over the last 14 years. He uses a combination of quantitative and fundamental analysis to identify market-beating stocks. Mr. Navellier has made his proven formula accessible to investors via his free, online stock rating tool, PortfolioGrader.com. Louis Navellier may hold some of the aforementioned securities in one or more of his newsletters. ### More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Stocks You Can Set and Forget (Even In This Market) * 10 Virtual Assistants for the Future of Smart Homes * 7 5G Stocks to Buy as the Race for Spectrum Tightens Compare Brokers The post 10 A-Rated Stocks the Smart Money Is Piling Into appeared first on InvestorPlace.

  • Why China Petroleum & Chemical Corporation Stock Fell 17% in December
    Motley Fool8 days ago

    Why China Petroleum & Chemical Corporation Stock Fell 17% in December

    This Chinese energy giant took a nosedive in the final month of the year, right along with the price of oil -- but don't forget about this key issue

  • Trading Losses Seen No Cause for Panic on Top Oil Refiner
    Bloomberg10 days ago

    Trading Losses Seen No Cause for Panic on Top Oil Refiner

    The refining giant, officially called China Petroleum & Chemical Corp., has slumped 10 percent in the past month amid a global oil rout and after it reported losses on derivatives linked to crude prices at its main trading unit Unipec. Investors have been too bearish over the trading losses, according to Morgan Stanley, which maintained its overweight rating on the stock. The company is better positioned than peers to deliver stable and strong free cash flow, China International Capital Corp. said, adding that the stock remains its top pick among oil and gas companies over the long run.

  • These Large-Cap Stocks Offer High Earnings Yields
    GuruFocus.com11 days ago

    These Large-Cap Stocks Offer High Earnings Yields

    I sometimes screen for companies that are outperforming 20-year high-quality market corporate bonds in terms of a higher earnings yield. Warning! GuruFocus has detected 2 Warning Signs with SIRI. Toyota Motor Corp. (TM) has an earnings yield of 13.9%.

  • Reuters14 days ago

    BRIEF-Sinopec Evaluating Impact Of The Losses Derived From Trading Arm Unipec's Oil Trades

    Jan 4 (Reuters) - China Petroleum & Chemical Corp : * SAYS IT IS EVALUATING IMPACT OF THE LOSSES DERIVED FROM TRADING ARM UNIPEC'S OIL TRADES * SAYS EXTERNAL AUDITOR HAS STARTED THE REVIEW * SAYS IT AND ...

  • Bloomberg16 days ago

    China Oil Stocks Slide Amid State Derivative Trading Probe

    Cnooc Ltd. fell 6.5 percent at the close, its biggest loss since January 2016 and the most on the Hang Seng Index. PetroChina Co. slid 5.1 percent, while while Sinopec, officially known as China Petroleum & Chemical Corp., fell 2.7 percent.

  • Oil Mayhem Hits China as Top Traders Are Suspended
    Bloomberg22 days ago

    Oil Mayhem Hits China as Top Traders Are Suspended

    Two top officials at Unipec, one of the country’s most powerful trading companies, were suspended this week following losses on bets related to oil prices in the second half of the year, according to people with knowledge of the matter. The parent company, state-run refining giant Sinopec, confirmed the move on Thursday, saying only that it was related to work matters. In a later statement, it added that Unipec had made some losses from crude trading because of a drop in prices, but didn’t link the two.

  • China Stocks Pare Slide as State Funds Seen Buying Large Caps
    Bloomberg24 days ago

    China Stocks Pare Slide as State Funds Seen Buying Large Caps

    Kang Chongli, a Beijing-based strategist with Lianxun Securities Co., said the 2,500 level "is both a policy and technical bottom" for the Shanghai Composite Index. China’s "national team" of state-backed funds is frequently suspected of buying shares during turbulent times. China’s stock benchmark is down 24 percent this year, in line for the worst performance in a decade, as a trade dispute with the U.S. escalated.

  • Is China Petroleum & Chemical Corp (SNP) A Good Stock To Buy?
    Insider Monkey26 days ago

    Is China Petroleum & Chemical Corp (SNP) A Good Stock To Buy?

    Most investors tend to think that hedge funds and other asset managers are worthless, as they cannot beat even simple index fund portfolios. In fact, most people expect hedge funds to compete with and outperform the bull market that we have witnessed over the past few years. However, hedge funds are generally partially hedged and […]

  • Cloudera, China Petrol, Meet Group, Ribbon and AudioEye highlighted as Zacks Bull and Bear of the Day
    Zackslast month

    Cloudera, China Petrol, Meet Group, Ribbon and AudioEye highlighted as Zacks Bull and Bear of the Day

    Cloudera, China Petrol, Meet Group, Ribbon and AudioEye highlighted as Zacks Bull and Bear of the Day

  • New Strong Sell Stocks for December 17th
    Zackslast month

    New Strong Sell Stocks for December 17th

    Here are 5 stocks added to the Zacks Rank #5 (Strong Sell) List today:

  • Reuterslast month

    China's Zhoushan to go after Singapore marine hub's top billing

    ZHOUSHAN, China/SINGAPORE (Reuters) - China's port city of Zhoushan is planning to challenge Singapore's dominance of the multi-billion dollar shipping fuel industry, relying on proximity to some of the world's biggest ports and Beijing's support to give it an edge. The port facilities in the cluster of islands around Zhoushan have annual marine fuel sales of 3.6 million tonnes, less than a tenth of the record 50.6 million tonnes of shipping or bunker fuel Singapore sold in 2017. Zhoushan, though, was ranked fourth in global container traffic in 2016, according to the World Shipping Council, and it sits 150 km (90 miles) from the world's biggest container port at Shanghai, and within a day's voyage of other major ports including Ningbo and Nanjing.

  • China's Zhoushan to go after Singapore marine hub's top billing
    Reuterslast month

    China's Zhoushan to go after Singapore marine hub's top billing

    ZHOUSHAN, China/SINGAPORE (Reuters) - China's port city of Zhoushan is planning to challenge Singapore's dominance of the multi-billion dollar shipping fuel industry, relying on proximity to some of the world's biggest ports and Beijing's support to give it an edge. The port facilities in the cluster of islands around Zhoushan have annual marine fuel sales of 3.6 million tonnes, less than a tenth of the record 50.6 million tonnes of shipping or bunker fuel Singapore sold in 2017. Zhoushan, though, was ranked fourth in global container traffic in 2016, according to the World Shipping Council, and it sits 150 km (90 miles) from the world's biggest container port at Shanghai, and within a day's voyage of other major ports including Ningbo and Nanjing.

  • Oilprice.comlast month

    The Dangers Of China’s Growing Oil Demand

    China’s November oil imports hit a record high of 10.48, but the growing demand could backfire if Washington and Beijing can’t agree on a trade deal

  • Moody'slast month

    Australia Pacific LNG Processing Pty Ltd -- Moody's assigns first-time Baa2 rating to APLNG Processing's senior secured notes; outlook stable

    Moody's Investors Service has today assigned a Baa2 senior secured rating to Australia Pacific LNG Processing Pty Ltd's (APLNG Processing) USD1.4 billion senior secured fixed rate fully-amortising notes maturing in September 2030. "IMPORTANT NOTICE: MOODY'S RATINGS AND PUBLICATIONS ARE NOT INTENDED FOR USE BY RETAIL INVESTORS. The rated notes consist of a single tranche and rank pari passu with APLNG Processing's existing senior secured facilities.

  • New Strong Sell Stocks for November 26th
    Zacks2 months ago

    New Strong Sell Stocks for November 26th

    Here are 5 stocks added to the Zacks Rank #5 (Strong Sell) List today

  • The Zacks Analyst Blog Highlights: TJX, Dominion Energy, Norfolk Southern, Sinopec and Eversource Energy
    Zacks2 months ago

    The Zacks Analyst Blog Highlights: TJX, Dominion Energy, Norfolk Southern, Sinopec and Eversource Energy

    The Zacks Analyst Blog Highlights: TJX, Dominion Energy, Norfolk Southern, Sinopec and Eversource Energy

  • CNBC2 months ago

    China shares fall more than 2 percent as Asia markets slip; oil prices decline

    Stocks in Asia slipped on Friday as investors remained wary amid heightened tensions between the United States and China, and uncertainties surrounding the U.K.'s divorce negotiations with the European Union. Oil prices continued their slump afternoon trading in Asia. The Wall Street Journal reported that the U.S. government is attempting to sway companies that sell wireless and internet services in allied countries to stay away from Chinese telecommunications equipment firm Huawei Technologies.

  • Chinese oil and gas tech co. building $1 million data center in Galleria area
    American City Business Journals2 months ago

    Chinese oil and gas tech co. building $1 million data center in Galleria area

    The Sinopec Tech Houston Center, or STHC, was established in Houston in 2013, according to the company's website.