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HSI:386, Jan 21, 04:43 UTC

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Sinopec Capital Predicts an End to "the Burning Era" and a Greener Future Dominated by Electric Vehicles

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BEIJING, Jan. 20, 2019 /PRNewswire/ -- China Petrochemical Corp. (Sinopec Group) today announced that Huang Wenshang, Chairman of Sinopec's Investment arm, delivered a keynote speech on January 13th at the China EV100 Forum 2019. Huang urged the human race to "go beyond the 'burning era', to give-up fossil fuels, embrace electrification and work towards a greener future where electric vehicles dominate cities' roads." "My proposal, 'Crossing the Burning Era', is based on the profound impact each revolution in the production and consumption of energy has had economic activity and social life. Electrification, thanks to advances in power storage that have boosted the efficiency of electricity utilization, has the potential to be the next energy revolution. Because of this, we predict that the adoption and application of electrification will accelerate," said Huang. Leveraging Sinopec's strength across the entire business value chain, Sinopec Capital will seek to identify and foster emerging technologies in China's energy system to transform the industry into a greener, cleaner, and more sustainable sector. For more information, please refer to http://www.sinopecgroup.com/group/en.

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Yesterday


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Verition Fund Management LLC Invests $454,000 in China Petroleum & Chemical Corp (SNP) Stock – PressOracle

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Pendal Group Ltd now owns 550,745 shares of the oil and gas company’s stock valued at $55,317,000 after purchasing an additional 133,961 shares during the period. Northern Trust Corp grew its stake in shares of China Petroleum & Chemical by 5.0% in the 2nd quarter. Northern Trust Corp now owns 370,208 shares of the oil and gas company’s stock valued at $33,260,000 after purchasing an additional 17,546 shares during the period. The stock had a trading volume of 217,893 shares, compared to its average volume of 244,201. China Petroleum & Chemical Corp has a 1-year low of $69.02 and a 1-year high of $105.61. China Petroleum & Chemical Corporation, an energy and chemical company, engages in the oil and gas, and chemical operations and businesses in the People's Republic of China.

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Saturday, January 19


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Landsberg Bennett & Dubbaneh LLC Invests $693,000 in China Petroleum & Chemical Corp (SNP) – Fairfield Current

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Several other institutional investors have also recently bought and sold shares of SNP. Connor Clark & Lunn Investment Management Ltd. now owns 98,500 shares of the oil and gas company’s stock valued at $9,893,000 after buying an additional 73,700 shares during the period. Nordea Investment Management AB bought a new stake in shares of China Petroleum & Chemical in the third quarter valued at approximately $6,316,000. China Petroleum & Chemical Corp has a fifty-two week low of $69.02 and a fifty-two week high of $105.61. The business had revenue of $113.57 billion for the quarter. As a group, analysts predict that China Petroleum & Chemical Corp will post 9.22 EPS for the current fiscal year.

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Mackenzie Financial Corp Purchases Shares of 3,800 China Petroleum & Chemical Corp (NYSE:SNP) – Fairfield Current

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Mackenzie Financial Corp purchased a new stake in China Petroleum & Chemical Corp (NYSE:SNP) in the third quarter, according to its most recent Form 13F filing with the SEC. Several other large investors also recently bought and sold shares of the business. Zacks Investment Research upgraded shares of China Petroleum & Chemical from a “hold” rating to a “strong-buy” rating and set a $94.00 price objective on the stock in a report on Monday, October 29th. China Petroleum & Chemical had a net margin of 2.88% and a return on equity of 8.18%. As a group, sell-side analysts expect that China Petroleum & Chemical Corp will post 9.22 EPS for the current fiscal year.

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Friday, January 18


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

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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. The company runs the world's largest retail fuel network with over 30,000 gas stations, 23,000 convenience stores, as well as pipelines and storage for refined fuel products across China, the world's second-largest oil consumer after the United States. But, Sinopec may have picked a bad time for an initial public offering (IPO) for a fuel marketing company amid investor fears of slowing economic growth in China, which posted a drop in exports and imports in December as its trade war with the United States drags on. This time, Sinopec will list the marketing arm through a separately incorporated entity, Sinopec Marketing Co. Ltd, which was set up just weeks after the National Development and Reform Commission and later the State Council approved the listing plan, said the second of the two sources familiar with the matter.

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China Petroleum & Chemical Corp (SNP) Receives Consensus Rating of “Hold” from Brokerages – Fairfield Current

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China Petroleum & Chemical Corp (NYSE:SNP) has been given a consensus recommendation of “Hold” by the seven research firms that are presently covering the company, Marketbeat reports. China Petroleum & Chemical has a 12 month low of $73.09 and a 12 month high of $105.61. Bank of New York Mellon Corp now owns 6,887 shares of the oil and gas company’s stock valued at $618,000 after purchasing an additional 2,041 shares during the last quarter. China Petroleum & Chemical Corporation, an energy and chemical company, engages in the oil and gas, and chemical operations and businesses in the People's Republic of China.

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China Petroleum & Chemical Corp (SNP) Expected to Post Earnings of $1.24 Per Share – Fairfield Current

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According to Zacks, analysts expect that China Petroleum & Chemical will report full-year earnings of $9.22 per share for the current fiscal year, with EPS estimates ranging from $8.76 to $9.68. For the next year, analysts anticipate that the business will report earnings of $8.58 per share, with EPS estimates ranging from $7.56 to $9.59. Zacks’ EPS calculations are a mean average based on a survey of research firms that that provide coverage for China Petroleum & Chemical. China Petroleum & Chemical (NYSE:SNP) last issued its quarterly earnings data on Tuesday, October 30th. Thomas White International Ltd. now owns 71,376 shares of the oil and gas company’s stock worth $7,169,000 after buying an additional 980 shares in the last quarter.

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Thursday, January 17


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China Petroleum & Chemical (NYSE:SNP) Rating Lowered to Neutral at Credit Suisse Group – Fairfield Current

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China Petroleum & Chemical (NYSE:SNP) was downgraded by equities research analysts at Credit Suisse Group from an “outperform” rating to a “neutral” rating in a note issued to investors on Thursday, January 10th, The Fly reports. China Petroleum & Chemical has a 12-month low of $69.02 and a 12-month high of $105.61. On average, equities research analysts expect that China Petroleum & Chemical will post 9.22 earnings per share for the current fiscal year. Raymond James & Associates now owns 11,458 shares of the oil and gas company’s stock worth $1,029,000 after buying an additional 654 shares during the period.

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Man Group plc Acquires New Stake in China Petroleum & Chemical Corp (SNP) – PressOracle

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Man Group plc purchased a new stake in shares of China Petroleum & Chemical Corp (NYSE:SNP) in the third quarter, according to the company in its most recent 13F filing with the SEC. The stock has a market capitalization of $94.33 billion, a P/E ratio of 9.12, a P/E/G ratio of 0.98 and a beta of 1.56. China Petroleum & Chemical Corp has a fifty-two week low of $69.02 and a fifty-two week high of $105.61. China Petroleum & Chemical Corporation, an energy and chemical company, engages in the oil and gas, and chemical operations and businesses in the People's Republic of China.

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pressoracle.com
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China Petroleum & Chemical Corp (NYSE:SNP) Position Cut by BlackRock Inc. – PressOracle

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BlackRock Inc. reduced its position in China Petroleum & Chemical Corp (NYSE:SNP) by 12.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. BlackRock Inc. owned about 0.05% of China Petroleum & Chemical worth $66,857,000 at the end of the most recent reporting period. Signaturefd LLC now owns 1,913 shares of the oil and gas company’s stock valued at $172,000 after acquiring an additional 581 shares in the last quarter. Zacks Investment Research raised shares of China Petroleum & Chemical from a “hold” rating to a “strong-buy” rating and set a $94.00 price target for the company in a research note on Monday, October 29th.

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pressoracle.com
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