Sasol Ltd. (NYSE:SSL) Given “Outperform” Rating at Royal Bank Of Canada

Royal Bank Of Canada reissued their outperform rating on shares of Sasol Ltd. (NYSE:SSL) in a research report released on Thursday, September 7th.

SSL has been the subject of a number of other reports. Zacks Investment Research upgraded Sasol from a sell rating to a hold rating in a report on Thursday, August 31st. BidaskClub downgraded Sasol from a hold rating to a sell rating in a report on Thursday, July 27th. Finally, J P Morgan Chase & Co downgraded Sasol from an overweight rating to a neutral rating in a report on Tuesday, July 18th. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company’s stock. Sasol presently has a consensus rating of Hold.

Sasol (NYSE:SSL) traded up 0.11% during trading on Thursday, reaching $28.39. 177,351 shares of the company’s stock traded hands. The firm has a market capitalization of $18.32 billion, a PE ratio of 11.04 and a beta of 0.88. Sasol has a one year low of $24.91 and a one year high of $32.40. The company has a 50-day moving average price of $30.14 and a 200 day moving average price of $29.50.

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The firm also recently declared a dividend, which was paid on Monday, September 11th. Shareholders of record on Friday, September 8th were given a dividend of $0.059 per share. The ex-dividend date of this dividend was Wednesday, September 6th.

A number of hedge funds have recently made changes to their positions in the business. Harding Loevner LP lifted its holdings in shares of Sasol by 5.7% in the second quarter. Harding Loevner LP now owns 2,470,715 shares of the oil and gas company’s stock valued at $69,056,000 after buying an additional 134,044 shares during the period. Karp Capital Management Corp purchased a new stake in shares of Sasol during the first quarter valued at $7,209,000. Northern Trust Corp lifted its holdings in shares of Sasol by 7.3% during the second quarter. Northern Trust Corp now owns 237,154 shares of the oil and gas company’s stock valued at $6,629,000 after purchasing an additional 16,064 shares during the last quarter. State Street Corp lifted its holdings in shares of Sasol by 4.6% during the second quarter. State Street Corp now owns 232,022 shares of the oil and gas company’s stock valued at $6,484,000 after purchasing an additional 10,104 shares during the last quarter. Finally, Goldman Sachs Group Inc. purchased a new stake in shares of Sasol during the first quarter valued at $5,638,000. Institutional investors own 1.82% of the company’s stock.

About Sasol

Sasol Limited is an international integrated chemicals and energy company. The Company develops and commercializes technologies, and builds and operates facilities to produce a range of product streams, including liquid fuels, chemicals and low-carbon electricity. The Company’s operating business units include Mining and, Exploration and Production International.

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