Sasol (SSL) Lifted to Buy at Citigroup
SSL has been the topic of several other reports. Zacks Investment Research raised shares of Sasol from a strong sell rating to a hold rating in a research note on Wednesday, November 8th. JPMorgan Chase & Co. raised shares of Sasol from a neutral rating to an overweight rating in a research note on Tuesday, February 13th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. The company currently has a consensus rating of Buy and an average price target of $34.00.
Shares of Sasol (NYSE:SSL) opened at $33.83 on Wednesday. Sasol has a 12 month low of $26.92 and a 12 month high of $38.75. The stock has a market cap of $22,220.00, a PE ratio of 13.27, a price-to-earnings-growth ratio of 9.53 and a beta of 0.93. The company has a current ratio of 1.56, a quick ratio of 1.20 and a debt-to-equity ratio of 0.36.
Several institutional investors have recently added to or reduced their stakes in SSL. SG Americas Securities LLC acquired a new stake in shares of Sasol during the 4th quarter worth about $160,000. Advisor Group Inc. boosted its stake in shares of Sasol by 79.9% during the 3rd quarter. Advisor Group Inc. now owns 7,074 shares of the oil and gas company’s stock worth $195,000 after purchasing an additional 3,142 shares during the last quarter. Checchi Capital Advisers LLC acquired a new stake in shares of Sasol during the 3rd quarter worth about $207,000. KCS Wealth Advisory acquired a new stake in shares of Sasol during the 4th quarter worth about $210,000. Finally, BNP Paribas Arbitrage SA boosted its stake in shares of Sasol by 105.4% during the 3rd quarter. BNP Paribas Arbitrage SA now owns 7,676 shares of the oil and gas company’s stock worth $211,000 after purchasing an additional 3,939 shares during the last quarter. 2.07% of the stock is currently owned by institutional investors.
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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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