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 five analysts that are covering the firm, MarketBeat reports. Two research analysts have rated the stock with a sell rating and three have given a hold rating to the company.

A number of equities analysts have weighed in on the company. Zacks Research raised Sasol from a “strong sell” rating to a “hold” rating in a research report on Thursday, January 22nd. The Goldman Sachs Group lowered Sasol from a “buy” rating to a “neutral” rating in a report on Monday. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Sasol in a report on Wednesday, January 21st. JPMorgan Chase & Co. reaffirmed an “underweight” rating on shares of Sasol in a research report on Friday, January 16th. Finally, Wall Street Zen raised shares of Sasol from a “buy” rating to a “strong-buy” rating in a research report on Sunday, February 8th.

Sasol Stock Up 1.3%

Sasol stock opened at $7.69 on Tuesday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.27 and a current ratio of 1.87. The company’s 50-day moving average is $6.71 and its 200-day moving average is $6.41. Sasol has a fifty-two week low of $2.78 and a fifty-two week high of $8.13.

Institutional Investors Weigh In On Sasol

Institutional investors have recently made changes to their positions in the company. SG Americas Securities LLC boosted its holdings in Sasol by 240.6% in the 3rd quarter. SG Americas Securities LLC now owns 261,467 shares of the oil and gas company’s stock valued at $1,626,000 after purchasing an additional 184,704 shares during the period. ABC Arbitrage SA bought a new stake in shares of Sasol in the second quarter valued at approximately $833,000. Creative Planning grew its position in Sasol by 157.0% during the second quarter. Creative Planning now owns 246,324 shares of the oil and gas company’s stock worth $1,089,000 after buying an additional 150,491 shares in the last quarter. American Century Companies Inc. grew its position in Sasol by 25.5% during the second quarter. American Century Companies Inc. now owns 890,502 shares of the oil and gas company’s stock worth $3,936,000 after buying an additional 180,827 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. raised its holdings in Sasol by 11.9% in the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 767,312 shares of the oil and gas company’s stock valued at $3,392,000 after acquiring an additional 81,769 shares in the last quarter. Institutional investors own 1.21% of the company’s stock.

About Sasol

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.