Sasol Ltd. (NYSE:SSL) dropped 2.1% during mid-day trading on Friday . The stock traded as low as $26.31 and last traded at $26.51, with a volume of 123,819 shares changing hands. The stock had previously closed at $27.09.

Separately, Zacks Investment Research raised shares of Sasol from a “sell” rating to a “strong-buy” rating and set a $35.00 price objective for the company in a research report on Thursday, June 2nd. Three research analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $35.00.

The firm has a market capitalization of $76.82 million and a price-to-earnings ratio of 13.31. The company’s 50 day moving average is $27.06 and its 200-day moving average is $28.37.

An institutional investor recently raised its position in Sasol stock. Dimensional Fund Advisors LP raised its position in shares of Sasol Ltd. (NYSE:SSL) by 10.5% during the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 5,635,295 shares of the company’s stock after buying an additional 533,466 shares during the period. Dimensional Fund Advisors LP owned approximately 0.87% of Sasol worth $151,129,000 as of its most recent SEC filing.

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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