China Petroleum & Chemical (SNP) Reaches $69.90 52-Week Low; Glynn Capital Management Lowered Proofpoint (PFPT) Stake

December 6, 2017 - By Louis Casey

The stock of China Petroleum & Chemical Corporation (NYSE:SNP) hit a new 52-week low and has $64.31 target or 8.00% below today’s $69.90 share price. The 9 months bearish chart indicates high risk

for the $88.68B company. The 1-year low was reported on Dec, 6 by Barchart.com. If the $64.31 price target is reached, the company will be worth $7.09B less. The stock decreased 1.95% or $1.39 during the last trading session, reaching $69.9. About 43,362 shares traded. China Petroleum & Chemical Corporation (NYSE:SNP) has risen 24.29% since December 6, 2016 and is uptrending. It has outperformed by 7.59% the S&P500.

Glynn Capital Management Llc decreased Proofpoint (PFPT) stake by 5.13% reported in 2017Q2 SEC filing. Glynn Capital Management Llc sold 4,925 shares as Proofpoint (PFPT)’s stock rose 0.42%. The Glynn Capital Management Llc holds 91,117 shares with $7.91M value, down from 96,042 last quarter. Proofpoint now has $3.78B valuation. The stock increased 0.37% or $0.32 during the last trading session, reaching $84.39. About 88,110 shares traded. Proofpoint, Inc. (NASDAQ:PFPT) has risen 52.24% since December 6, 2016 and is uptrending. It has outperformed by 35.54% the S&P500.

Among 5 analysts covering China Petroleum & Chemical Corp (NYSE:SNP), 2 have Buy rating, 1 Sell and 2 Hold. Therefore 40% are positive. China Petroleum & Chemical Corp had 7 analyst reports since August 26, 2015 according to SRatingsIntel. Jefferies upgraded the stock to “Buy” rating in Wednesday, September 30 report. The rating was downgraded by Credit Suisse on Tuesday, March 29 to “Neutral”. Macquarie Research downgraded China Petroleum & Chemical Corporation (NYSE:SNP) on Thursday, November 12 to “Neutral” rating. Mizuho upgraded the shares of SNP in report on Wednesday, March 2 to “Buy” rating. As per Friday, August 28, the company rating was upgraded by Citigroup. The company was upgraded on Wednesday, August 26 by HSBC. The firm earned “Hold” rating on Friday, September 11 by Jefferies.

Analysts await China Petroleum & Chemical Corporation (NYSE:SNP) to report earnings on March, 26. They expect $0.37 earnings per share, up 131.25% or $0.21 from last year’s $0.16 per share. SNP’s profit will be $469.40 million for 47.23 P/E if the $0.37 EPS becomes a reality. After $1.31 actual earnings per share reported by China Petroleum & Chemical Corporation for the previous quarter, Wall Street now forecasts -71.76% negative EPS growth.

China Petroleum & Chemical Corporation, an energy and chemical company, engages in the gas and oil, and chemical activities and businesses in the PeopleÂ’s Republic of China and internationally. The company has market cap of $88.68 billion. It operates through Exploration and Production, Refining, Marketing and Distribution, Chemicals, and Corporate and Others divisions. It has a 10.28 P/E ratio. The firm explores for and develops oil fields, and produces and sells natural gas and crude oil; processes and purifies crude oil into refined petroleum products; and makes and sells petroleum products.

Investors sentiment increased to 1.32 in Q2 2017. Its up 0.12, from 1.2 in 2017Q1. It increased, as 31 investors sold PFPT shares while 75 reduced holdings. 48 funds opened positions while 92 raised stakes. 49.73 million shares or 6.97% more from 46.48 million shares in 2017Q1 were reported. Clinton Gru invested in 7,221 shares. Fifth Third Fincl Bank reported 618 shares. Artisan Prtnrs Partnership holds 0.45% or 2.79M shares. Comerica Retail Bank has 0.01% invested in Proofpoint, Inc. (NASDAQ:PFPT) for 13,207 shares. Hhr Asset Management Limited Co invested 1.45% in Proofpoint, Inc. (NASDAQ:PFPT). 91,117 were accumulated by Glynn Capital Ltd Liability. Royal Savings Bank Of Canada holds 0.01% or 125,545 shares. Parametric Port Associate Limited Liability Company holds 0.01% of its portfolio in Proofpoint, Inc. (NASDAQ:PFPT) for 102,236 shares. Cwm reported 0% in Proofpoint, Inc. (NASDAQ:PFPT). 2,562 were reported by Gotham Asset Limited Company. Eaton Vance Mngmt reported 173,412 shares. Employees Retirement Systems Of Texas accumulated 36,000 shares or 0.04% of the stock. Price T Rowe Associates Inc Md holds 6.63M shares or 0.1% of its portfolio. Polar Cap Llp invested in 0.52% or 446,463 shares. Keybank Association Oh accumulated 7,619 shares.

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