BidaskClub downgraded shares of Sasol Ltd. (NYSE:SSL) from a hold rating to a sell rating in a report published on Thursday morning.

Separately, J P Morgan Chase & Co cut shares of Sasol from an overweight rating to a neutral rating in a research note on Tuesday, July 18th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the company. The stock presently has an average rating of Hold.

Sasol (NYSE SSL) traded down 0.56% during midday trading on Thursday, hitting $30.18. 90,153 shares of the stock were exchanged. The firm has a 50 day moving average of $28.43 and a 200-day moving average of $29.37. The stock has a market cap of $85.65 million, a price-to-earnings ratio of 16.49 and a beta of 0.88. Sasol has a 12-month low of $24.85 and a 12-month high of $32.40.

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Large investors have recently added to or reduced their stakes in the company. Sit Investment Associates Inc. boosted its stake in Sasol by 36.1% in the first quarter. Sit Investment Associates Inc. now owns 4,150 shares of the oil and gas company’s stock valued at $122,000 after buying an additional 1,100 shares in the last quarter. Creative Planning boosted its stake in Sasol by 49.2% in the first quarter. Creative Planning now owns 4,830 shares of the oil and gas company’s stock valued at $142,000 after buying an additional 1,592 shares in the last quarter. Checchi Capital Advisers LLC bought a new stake in Sasol during the first quarter valued at about $212,000. Wedbush Securities Inc. boosted its stake in Sasol by 2.8% in the first quarter. Wedbush Securities Inc. now owns 8,869 shares of the oil and gas company’s stock valued at $261,000 after buying an additional 245 shares in the last quarter. Finally, Teza Capital Management LLC bought a new stake in Sasol during the first quarter valued at about $272,000. 2.42% of the stock is currently owned by institutional investors and hedge funds.

Sasol Company Profile

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.

Analyst Recommendations for Sasol (NYSE:SSL)

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