Sasol (NYSE:SSL) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Friday, Zacks.com reports.
According to Zacks, “Sasol Limited is engaged in the mining and processing of coal. It also produces chemicals, explores for and refines crude oil, and manufactures fertilizers and explosives. In addition, it converts coal to petrochemicals products, such as diesel fuels and gasoline. “
Separately, ValuEngine upgraded Sasol from a “hold” rating to a “buy” rating in a research report on Tuesday, December 1st. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $11.38.
Shares of SSL opened at $10.71 on Friday. The company has a quick ratio of 1.61, a current ratio of 1.91 and a debt-to-equity ratio of 1.03. The business has a 50-day simple moving average of $8.65 and a two-hundred day simple moving average of $7.92. The stock has a market cap of $6.69 billion, a price-to-earnings ratio of 13.06 and a beta of 3.46. Sasol has a 52 week low of $1.25 and a 52 week high of $21.79.
Several large investors have recently added to or reduced their stakes in SSL. Bank of America Corp DE grew its position in shares of Sasol by 37.7% during the second quarter. Bank of America Corp DE now owns 41,275 shares of the oil and gas company’s stock worth $318,000 after purchasing an additional 11,291 shares in the last quarter. Sei Investments Co. purchased a new stake in shares of Sasol during the second quarter worth about $537,000. Schonfeld Strategic Advisors LLC grew its position in shares of Sasol by 193.8% during the second quarter. Schonfeld Strategic Advisors LLC now owns 66,700 shares of the oil and gas company’s stock worth $514,000 after purchasing an additional 44,000 shares in the last quarter. FNY Investment Advisers LLC grew its position in shares of Sasol by 223.6% during the third quarter. FNY Investment Advisers LLC now owns 192,279 shares of the oil and gas company’s stock worth $1,461,000 after purchasing an additional 132,856 shares in the last quarter. Finally, Greenleaf Trust purchased a new stake in shares of Sasol during the third quarter worth about $111,000. Hedge funds and other institutional investors own 1.75% of the company’s stock.
Sasol Company Profile
Sasol Limited operates as an integrated chemical and energy company in South Africa. The company operates through Mining, Exploration and Production International, Energy, Base Chemicals, and Performance Chemicals segments. It operates coal mines; and develops and manages upstream interests in oil and gas exploration and production in Mozambique, South Africa, Canada, and Gabon.
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