Sasol (SSL) Projected to Post Quarterly Earnings on Monday

Sasol (NYSE:SSL) is projected to announce its results before the market opens on Monday, February 23rd. Analysts expect the company to announce earnings of $0.5760 per share and revenue of $7.5476 billion for the quarter.

Sasol Price Performance

NYSE SSL opened at $8.73 on Friday. The firm’s 50 day moving average price is $6.96 and its two-hundred day moving average price is $6.55. The company has a current ratio of 1.87, a quick ratio of 1.27 and a debt-to-equity ratio of 0.66. Sasol has a twelve month low of $2.78 and a twelve month high of $8.97.

Hedge Funds Weigh In On Sasol

Large investors have recently bought and sold shares of the stock. Compound Planning Inc. bought a new stake in Sasol in the 4th quarter valued at $67,000. Corient Private Wealth LLC lifted its stake in shares of Sasol by 13.1% in the fourth quarter. Corient Private Wealth LLC now owns 30,526 shares of the oil and gas company’s stock valued at $194,000 after buying an additional 3,537 shares during the period. EP Wealth Advisors LLC bought a new stake in shares of Sasol in the fourth quarter valued at about $66,000. XTX Topco Ltd grew its position in Sasol by 202.7% during 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 in the last quarter. Finally, Voloridge Investment Management LLC bought a new position in Sasol during the fourth quarter valued at about $112,000. 1.21% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. JPMorgan Chase & Co. reiterated an “underweight” rating on shares of Sasol in a report on Friday, January 16th. Weiss Ratings restated a “sell (d+)” rating on shares of Sasol in a report on Wednesday, January 21st. Wall Street Zen lowered shares of Sasol from a “strong-buy” rating to a “buy” rating in a research note on Monday, February 16th. The Goldman Sachs Group downgraded shares of Sasol from a “buy” rating to a “neutral” rating in a research report on Monday, February 9th. Finally, Zacks Research raised shares of Sasol from a “strong sell” rating to a “hold” rating in a research note on Thursday, January 22nd. Three investment analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Reduce”.

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.