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

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

A number of equities analysts have weighed in on SSL shares. Weiss Ratings reiterated a “sell (d+)” rating on shares of Sasol in a research report on Wednesday, January 21st. Zacks Research upgraded Sasol from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 23rd. JPMorgan Chase & Co. reaffirmed an “underweight” rating on shares of Sasol in a report on Friday, January 16th. UBS Group cut shares of Sasol from a “buy” rating to a “neutral” rating in a research report on Thursday, March 5th. Finally, Wall Street Zen raised shares of Sasol from a “hold” rating to a “buy” rating in a report on Saturday, March 14th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Corient Private Wealth LLC raised its position in Sasol by 13.1% in the 4th quarter. Corient Private Wealth LLC now owns 30,526 shares of the oil and gas company’s stock worth $199,000 after purchasing an additional 3,537 shares during the period. DGS Capital Management LLC purchased a new position in shares of Sasol during the fourth quarter valued at approximately $71,000. Compound Planning Inc. bought a new position in shares of Sasol during the fourth quarter valued at approximately $67,000. EP Wealth Advisors LLC purchased a new stake in shares of Sasol in the fourth quarter worth approximately $66,000. Finally, XTX Topco Ltd raised its holdings in shares of Sasol by 202.7% in the fourth quarter. XTX Topco Ltd now owns 61,490 shares of the oil and gas company’s stock worth $400,000 after buying an additional 41,174 shares during the period. 1.21% of the stock is owned by hedge funds and other institutional investors.

Sasol Stock Down 0.0%

Shares of SSL opened at $12.43 on Wednesday. The firm has a fifty day simple moving average of $9.51 and a two-hundred day simple moving average of $7.49. The company has a current ratio of 1.66, a quick ratio of 1.09 and a debt-to-equity ratio of 0.53. Sasol has a 1-year low of $2.78 and a 1-year high of $13.39.

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.