Sasol Ltd. (SSL) Rating Increased to Buy at BidaskClub
Sasol Ltd. (NYSE:SSL) was upgraded by equities research analysts at BidaskClub from a “hold” rating to a “buy” rating in a research note issued on Saturday.
Separately, J P Morgan Chase & Co lowered shares of Sasol from an “overweight” rating to a “neutral” rating in a report on Tuesday, July 18th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the stock. Sasol currently has a consensus rating of “Buy”.
Shares of Sasol (SSL) opened at 30.48 on Friday. Sasol has a 12 month low of $24.85 and a 12 month high of $32.40. The firm’s 50-day moving average is $28.99 and its 200 day moving average is $29.34. The company has a market capitalization of $86.50 million, a price-to-earnings ratio of 16.92 and a beta of 0.89.
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Several hedge funds and other institutional investors have recently bought and sold shares of the stock. AQR Capital Management LLC raised its position in Sasol by 8.8% in the fourth quarter. AQR Capital Management LLC now owns 16,648 shares of the oil and gas company’s stock worth $476,000 after buying an additional 1,340 shares during the period. Creative Planning raised its position in Sasol by 49.2% in the first quarter. Creative Planning now owns 4,830 shares of the oil and gas company’s stock worth $142,000 after buying an additional 1,592 shares during the period. Capstone Asset Management Co. raised its position in Sasol by 1.3% in the first quarter. Capstone Asset Management Co. now owns 31,782 shares of the oil and gas company’s stock worth $934,000 after buying an additional 420 shares during the period. Gilman Hill Asset Management LLC raised its position in Sasol by 36.2% in the first quarter. Gilman Hill Asset Management LLC now owns 9,790 shares of the oil and gas company’s stock worth $288,000 after buying an additional 2,600 shares during the period. Finally, Profund Advisors LLC raised its position in Sasol by 24.8% in the first quarter. Profund Advisors LLC now owns 21,443 shares of the oil and gas company’s stock worth $630,000 after buying an additional 4,264 shares during the period. 2.31% of the stock is owned by hedge funds and other institutional investors.
Sasol Limited is an international integrated chemicals and energy company. The Company develops and commercializes technologies, and builds and operates facilities to produce a range of product streams, including liquid fuels, chemicals and low-carbon electricity. The Company’s operating business units include Mining and, Exploration and Production International.
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