Sasol (SSL) Stock Rating Lowered by Citigroup
Citigroup downgraded shares of Sasol (NYSE:SSL) from a buy rating to a neutral rating in a report issued on Tuesday morning, Marketbeat Ratings reports.
SSL has been the topic of several other reports. Zacks Investment Research raised Sasol from a strong sell rating to a hold rating in a research note on Wednesday, November 8th. BidaskClub raised Sasol from a sell rating to a hold rating in a research note on Thursday, August 3rd. Finally, Royal Bank Of Canada reissued an outperform rating on shares of Sasol in a research note on Thursday, September 7th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company presently has a consensus rating of Buy and an average price target of $34.00.
Sasol (SSL) opened at $31.66 on Tuesday. Sasol has a 12 month low of $25.50 and a 12 month high of $32.40. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.69 and a quick ratio of 1.20.
Institutional investors and hedge funds have recently modified their holdings of the business. BNP Paribas Arbitrage SA increased its holdings in shares of Sasol by 20.7% during the second quarter. BNP Paribas Arbitrage SA now owns 3,737 shares of the oil and gas company’s stock valued at $104,000 after acquiring an additional 642 shares in the last quarter. Advisor Group Inc. increased its holdings in shares of Sasol by 79.9% during the third quarter. Advisor Group Inc. now owns 7,074 shares of the oil and gas company’s stock valued at $195,000 after acquiring an additional 3,142 shares in the last quarter. Checchi Capital Advisers LLC bought a new stake in shares of Sasol during the third quarter valued at approximately $207,000. Jane Street Group LLC bought a new stake in shares of Sasol during the third quarter valued at approximately $219,000. Finally, FDx Advisors Inc. bought a new stake in shares of Sasol during the third quarter valued at approximately $251,000. 10.48% of the stock is currently owned by hedge funds and other institutional investors.
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Sasol Company Profile
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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