Sasol Ltd. (NYSE:SSL) traded down 2.2% during trading on Thursday . The company traded as low as $25.83 and last traded at $25.92, with a volume of 179,405 shares trading hands. The stock had previously closed at $26.49.

Several brokerages have weighed in on SSL. Zacks Investment Research upgraded shares of Sasol from a “hold” rating to a “buy” rating and set a $33.00 price target on the stock in a research report on Friday, March 25th. Morgan Stanley lowered shares of Sasol from an “overweight” rating to an “equal weight” rating in a research report on Tuesday, April 5th. Finally, Bank of America Corp. lowered shares of Sasol from a “buy” rating to a “neutral” rating in a research report on Friday, March 11th. Three investment analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $35.00.

The firm’s 50 day moving average price is $28.14 and its 200-day moving average price is $28.18. The stock has a market capitalization of $75.35 million and a price-to-earnings ratio of 13.85.

A number of large investors have made changes to their positions in the stock. Dimensional Fund Advisors LP increased its stake in Sasol by 10.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 5,635,295 shares of the company’s stock worth $151,129,000 after buying an additional 533,466 shares in the last quarter. WBI Investments Inc. purchased a new stake in Sasol during the fourth quarter worth $5,639,000. Sei Investments Co. increased its stake in Sasol by 14.1% in the fourth quarter. Sei Investments Co. now owns 148,217 shares of the company’s stock worth $3,975,000 after buying an additional 18,360 shares in the last quarter. Finally, Oxford Asset Management increased its stake in Sasol by 17.0% in the fourth quarter. Oxford Asset Management now owns 65,387 shares of the company’s stock worth $1,746,000 after buying an additional 9,478 shares in the last quarter.

Sasol Limited (Sasol) is a holding company. The Company is an integrated energy and chemicals company that develops and commercializes technologies, builds and operates facilities to produce a range of product streams, including liquid fuels, high-value chemicals and low-carbon electricity. The Company operates through six segments: Mining, Exploration and Production International, Energy, Base Chemicals, Performance Chemicals and Other.

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