Sasol Ltd. (NYSE:SSL) Given Average Recommendation of “Reduce” by Brokerages

Shares of Sasol Ltd. (NYSE:SSL) have earned an average rating of “Reduce” from the seven research firms that are covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating on the company.

A number of analysts recently commented on the stock. Zacks Research upgraded shares of Sasol from a “strong sell” rating to a “hold” rating in a research note on Monday. Investec started coverage on shares of Sasol in a research note on Wednesday, June 17th. They set a “sell” rating on the stock. Wall Street Zen cut shares of Sasol from a “buy” rating to a “hold” rating in a report on Saturday, August 15th. JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Sasol in a research note on Monday, June 15th. Finally, UBS Group raised shares of Sasol from a “neutral” rating to a “buy” rating in a report on Thursday, June 4th.

Institutional Trading of Sasol

Several large investors have recently added to or reduced their stakes in SSL. Atlas Capital Advisors Inc. acquired a new position in shares of Sasol in the fourth quarter valued at about $35,000. Caitong International Asset Management Co. Ltd lifted its holdings in shares of Sasol by 232.5% during the fourth 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 during the period. Ramsey Quantitative Systems purchased a new stake in Sasol in the second quarter valued at approximately $68,000. EverSource Wealth Advisors LLC boosted its position in Sasol by 347.3% in the second quarter. EverSource Wealth Advisors LLC now owns 8,960 shares of the oil and gas company’s stock valued at $40,000 after buying an additional 6,957 shares during the last quarter. Finally, Blue Trust Inc. increased its holdings in Sasol by 48.9% in the 1st quarter. Blue Trust Inc. now owns 9,115 shares of the oil and gas company’s stock worth $118,000 after buying an additional 2,992 shares during the period. Hedge funds and other institutional investors own 1.21% of the company’s stock.

Sasol Stock Up 1.7%

Shares of NYSE:SSL opened at $12.66 on Friday. The business’s 50-day moving average is $11.17 and its 200 day moving average is $11.61. The company has a quick ratio of 1.09, a current ratio of 1.66 and a debt-to-equity ratio of 0.53. Sasol has a 1 year low of $5.24 and a 1 year high of $14.36.

Sasol (NYSE:SSL) last issued its quarterly earnings results on Friday, August 14th. The oil and gas company reported $0.56 earnings per share for the quarter. The business had revenue of $4.61 billion during the quarter. On average, analysts anticipate that Sasol will post 1.65 earnings per share for the current fiscal year.

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.