Shares of Sasol Limited (NYSE:SSL) reached a new 52-week low on Friday . The stock traded as low as $24.18 and last traded at $24.22, with a volume of 2571 shares. The stock had previously closed at $24.85.
SSL has been the topic of several recent analyst reports. Zacks Investment Research upgraded Sasol from a “sell” rating to a “hold” rating in a research note on Saturday, April 20th. HSBC downgraded Sasol from a “buy” rating to a “hold” rating in a report on Wednesday, May 22nd. Macquarie downgraded Sasol from an “outperform” rating to a “neutral” rating in a report on Wednesday, May 22nd. Citigroup downgraded Sasol from a “buy” rating to a “neutral” rating in a research note on Thursday, May 23rd. Finally, JPMorgan Chase & Co. lowered Sasol from an “overweight” rating to a “neutral” rating in a research report on Thursday, May 23rd. One analyst has rated the stock with a sell rating, six have given a hold rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $20.75.
The company has a quick ratio of 0.96, a current ratio of 1.57 and a debt-to-equity ratio of 0.50. The firm has a market capitalization of $16.26 billion, a P/E ratio of 11.66, a P/E/G ratio of 1.94 and a beta of 1.04.
A number of institutional investors and hedge funds have recently modified their holdings of SSL. Jane Street Group LLC bought a new position in shares of Sasol in the fourth quarter valued at approximately $8,571,000. Deutsche Bank AG lifted its stake in Sasol by 612.0% in the fourth quarter. Deutsche Bank AG now owns 171,007 shares of the oil and gas company’s stock valued at $5,008,000 after purchasing an additional 146,988 shares during the last quarter. Todd Asset Management LLC purchased a new position in Sasol in the first quarter valued at approximately $2,587,000. OLD Mission Capital LLC lifted its stake in Sasol by 946.6% in the fourth quarter. OLD Mission Capital LLC now owns 67,671 shares of the oil and gas company’s stock valued at $1,982,000 after purchasing an additional 61,205 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its stake in Sasol by 377.5% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 67,800 shares of the oil and gas company’s stock valued at $1,986,000 after purchasing an additional 53,600 shares during the last quarter. 2.02% of the stock is owned by hedge funds and other institutional investors.
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About Sasol (NYSE:SSL)
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, Australia, Canada, Gabon, and Australia.
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