Sasol Ltd. (NYSE:SSL) Receives Average Rating of “Reduce” from Brokerages

Sasol Ltd. (NYSE:SSL) has been given a consensus recommendation of “Reduce” by the five ratings firms that are presently covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell rating and three have issued a hold rating on the company.

SSL has been the topic of a number of research analyst reports. Weiss Ratings restated a “sell (d+)” rating on shares of Sasol in a report on Wednesday, January 21st. JPMorgan Chase & Co. reissued an “underweight” rating on shares of Sasol in a research report on Friday, January 16th. Wall Street Zen raised Sasol from a “buy” rating to a “strong-buy” rating in a research report on Sunday. Zacks Research upgraded shares of Sasol from a “strong sell” rating to a “hold” rating in a research note on Thursday, January 22nd. Finally, The Goldman Sachs Group downgraded Sasol from a “buy” rating to a “neutral” rating in a research note on Monday.

Institutional Trading of Sasol

Several institutional investors have recently added to or reduced their stakes in the business. GAMMA Investing LLC grew its position in shares of Sasol by 107.9% during the third quarter. GAMMA Investing LLC now owns 8,637 shares of the oil and gas company’s stock worth $54,000 after purchasing an additional 4,482 shares in the last quarter. EverSource Wealth Advisors LLC increased its position in Sasol by 347.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 8,960 shares of the oil and gas company’s stock valued at $40,000 after purchasing an additional 6,957 shares during the period. Brevan Howard Capital Management LP purchased a new position in shares of Sasol in the 3rd quarter valued at $63,000. Centiva Capital LP acquired a new stake in Sasol in the third quarter valued at approximately $67,000. Finally, Sivia Capital Partners LLC acquired a new stake in Sasol in the second quarter worth about $52,000. 1.21% of the stock is currently owned by hedge funds and other institutional investors.

Sasol Trading Down 4.5%

Shares of NYSE SSL opened at $7.03 on Tuesday. The company has a 50 day simple moving average of $6.64 and a 200 day simple moving average of $6.38. The company has a current ratio of 1.87, a quick ratio of 1.27 and a debt-to-equity ratio of 0.66. Sasol has a 1 year low of $2.78 and a 1 year high of $7.66.

About Sasol

Sasol Limited is an integrated energy and chemical company headquartered in Johannesburg, South Africa. The company’s core operations encompass the conversion of natural gas, coal and heavy hydrocarbons into liquid fuels and a wide array of chemical products. Sasol leverages proprietary Fischer-Tropsch and gas-to-liquids (GTL) technologies to deliver cleaner-burning diesel, jet fuel and naphtha, alongside solvents, surfactants and specialty polymers for industrial and consumer applications.

In addition to its GTL business, Sasol operates downstream facilities for the manufacture of alpha olefins, ethylene, propylene and other base-chemical intermediates.