Sasol Ltd. (NYSE:SSL) Given Consensus Rating of “Hold” by Brokerages

Shares of Sasol Ltd. (NYSE:SSL) have received an average recommendation of “Hold” from the six brokerages that are covering the company, MarketBeat reports. Two research analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and one has assigned a strong buy recommendation to the company.

SSL has been the topic of several recent research reports. UBS Group downgraded shares of Sasol from a “buy” rating to a “neutral” rating in a report on Thursday, March 5th. Weiss Ratings reissued a “sell (d+)” rating on shares of Sasol in a report on Wednesday, January 21st. Zacks Research upgraded shares of Sasol from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 23rd. Wall Street Zen raised shares of Sasol from a “hold” rating to a “buy” rating in a report on Saturday, March 14th. Finally, JPMorgan Chase & Co. reaffirmed an “underweight” rating on shares of Sasol in a research report on Friday, January 16th.

Institutional Trading of Sasol

Hedge funds have recently modified their holdings of the stock. Atlas Capital Advisors Inc. purchased a new position in Sasol during the fourth quarter valued at approximately $35,000. Caitong International Asset Management Co. Ltd boosted its position in Sasol by 232.5% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 5,606 shares of the oil and gas company’s stock worth $36,000 after purchasing an additional 3,920 shares in the last quarter. EverSource Wealth Advisors LLC grew its stake in shares of 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 worth $40,000 after purchasing an additional 6,957 shares during the period. Sivia Capital Partners LLC acquired a new stake in shares of Sasol during the 2nd quarter worth approximately $52,000. Finally, GAMMA Investing LLC increased its holdings in shares of Sasol by 107.9% during the 3rd quarter. GAMMA Investing LLC now owns 8,637 shares of the oil and gas company’s stock valued at $54,000 after purchasing an additional 4,482 shares in the last quarter. Hedge funds and other institutional investors own 1.21% of the company’s stock.

Sasol Trading Down 1.1%

Shares of NYSE:SSL opened at $12.97 on Wednesday. Sasol has a twelve month low of $2.78 and a twelve month high of $13.39. The company has a current ratio of 1.66, a quick ratio of 1.09 and a debt-to-equity ratio of 0.53. The company’s 50 day moving average is $9.19 and its 200 day moving average is $7.38.

Sasol Company Profile

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.