Shares of Sasol Limited (NYSE:SSL) have been given an average recommendation of “Hold” by the ten research firms that are currently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, six have given a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $13.50.
Several analysts have issued reports on SSL shares. Zacks Investment Research cut Sasol from a “buy” rating to a “hold” rating in a research report on Tuesday, June 30th. Canaccord Genuity cut Sasol to a “hold” rating and set a $13.50 target price on the stock. in a research report on Tuesday, July 21st. HSBC cut Sasol to a “sell” rating in a research report on Friday, June 12th. Finally, JPMorgan Chase & Co. raised Sasol from a “neutral” rating to an “overweight” rating in a research report on Monday, June 8th.
SSL opened at $8.03 on Thursday. The stock’s fifty day moving average is $8.20 and its two-hundred day moving average is $8.53. The company has a market capitalization of $5.02 billion, a P/E ratio of 3.70 and a beta of 3.57. Sasol has a 52 week low of $1.25 and a 52 week high of $22.73. The company has a quick ratio of 0.72, a current ratio of 1.25 and a debt-to-equity ratio of 0.60.
Several institutional investors have recently bought and sold shares of SSL. Jane Street Group LLC boosted its position in shares of Sasol by 751.3% in the 1st quarter. Jane Street Group LLC now owns 1,307,774 shares of the oil and gas company’s stock worth $2,629,000 after purchasing an additional 1,154,150 shares in the last quarter. FNY Investment Advisers LLC grew its stake in shares of Sasol by 407.3% during the 1st quarter. FNY Investment Advisers LLC now owns 583,517 shares of the oil and gas company’s stock worth $1,172,000 after purchasing an additional 468,494 shares during the period. Two Sigma Investments LP grew its stake in shares of Sasol by 1,979.9% during the 1st quarter. Two Sigma Investments LP now owns 391,056 shares of the oil and gas company’s stock worth $786,000 after purchasing an additional 372,254 shares during the period. Parametric Portfolio Associates LLC grew its stake in shares of Sasol by 109.0% during the 1st quarter. Parametric Portfolio Associates LLC now owns 631,448 shares of the oil and gas company’s stock worth $1,269,000 after purchasing an additional 329,317 shares during the period. Finally, State Street Corp grew its stake in shares of Sasol by 47.3% during the 1st quarter. State Street Corp now owns 460,092 shares of the oil and gas company’s stock worth $925,000 after purchasing an additional 147,770 shares during the period. 2.40% of the stock is owned by hedge funds and other institutional investors.
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, Australia, Canada, Gabon, and Australia.
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