Sasol Limited (NYSE:SSL) has received a consensus recommendation of “Hold” from the nine ratings firms that are currently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company. The average 12-month price target among analysts that have covered the stock in the last year is $7.50.

A number of equities research analysts have recently issued reports on the company. Zacks Investment Research upgraded Sasol from a “sell” rating to a “hold” rating in a research report on Friday, October 5th. TD Securities restated an “average” rating and issued a $7.50 price target on shares of Sasol in a research report on Thursday, November 15th.

Shares of Sasol stock traded up $0.24 during mid-day trading on Friday, reaching $29.94. 6,745 shares of the stock traded hands, compared to its average volume of 233,385. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.36 and a quick ratio of 0.87. The stock has a market capitalization of $18.86 billion, a P/E ratio of 14.35, a PEG ratio of 1.11 and a beta of 1.03. Sasol has a fifty-two week low of $28.31 and a fifty-two week high of $39.73.

Several hedge funds have recently bought and sold shares of the company. Bamco Inc. NY grew its position in shares of Sasol by 7.3% in the third quarter. Bamco Inc. NY now owns 764,281 shares of the oil and gas company’s stock valued at $29,532,000 after purchasing an additional 52,300 shares in the last quarter. Aperio Group LLC grew its position in shares of Sasol by 10.7% in the third quarter. Aperio Group LLC now owns 387,515 shares of the oil and gas company’s stock valued at $14,974,000 after purchasing an additional 37,578 shares in the last quarter. ARGA Investment Management LP grew its position in shares of Sasol by 9.4% in the third quarter. ARGA Investment Management LP now owns 280,791 shares of the oil and gas company’s stock valued at $10,850,000 after purchasing an additional 24,041 shares in the last quarter. Bank of America Corp DE grew its position in shares of Sasol by 7.8% in the second quarter. Bank of America Corp DE now owns 177,740 shares of the oil and gas company’s stock valued at $6,495,000 after purchasing an additional 12,836 shares in the last quarter. Finally, Millennium Management LLC purchased a new stake in shares of Sasol in the second quarter valued at approximately $5,652,000. Institutional investors and hedge funds own 2.20% of the company’s stock.

Sasol Company Profile

Sasol Limited operates as an integrated chemical and energy company in South Africa. The company operates through Mining, Exploration and Production International, Energy, Base Chemicals, and Performance Chemicals segments. It operates coal mines; and develops and manages upstream interests in oil and gas exploration and production in Mozambique, South Africa, Australia, Canada, Gabon, and Australia.

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Analyst Recommendations for Sasol (NYSE:SSL)

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