Sasol Ltd. (NYSE:SSL) Given Average Recommendation of “Strong Sell” by Brokerages

Shares of Sasol Ltd. (NYSE:SSL) have received an average recommendation of “Strong Sell” from the five brokerages that are currently covering the company, MarketBeat reports. Three research analysts have rated the stock with a sell recommendation and two have issued a hold recommendation on the company.

A number of equities research analysts have issued reports on the stock. Zacks Research downgraded shares of Sasol from a “hold” rating to a “strong sell” rating in a research report on Tuesday, November 25th. Morgan Stanley lowered Sasol from an “overweight” rating to an “equal weight” rating in a research report on Monday, September 22nd. JPMorgan Chase & Co. reaffirmed an “underweight” rating on shares of Sasol in a research note on Friday. Wall Street Zen cut Sasol from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 15th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Sasol in a report on Wednesday, October 8th.

Sasol Price Performance

NYSE SSL opened at $7.14 on Friday. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.87 and a quick ratio of 1.27. The company has a 50 day simple moving average of $6.57 and a 200-day simple moving average of $6.13. Sasol has a 52-week low of $2.78 and a 52-week high of $7.54.

Institutional Trading of Sasol

Large investors have recently made changes to their positions in the stock. JPMorgan Chase & Co. lifted its holdings in Sasol by 1,627.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,025,934 shares of the oil and gas company’s stock worth $6,381,000 after purchasing an additional 966,539 shares during the last quarter. Millennium Management LLC raised its position in shares of Sasol by 75.7% in the first quarter. Millennium Management LLC now owns 1,450,355 shares of the oil and gas company’s stock valued at $6,135,000 after purchasing an additional 624,911 shares during the period. Voleon Capital Management LP acquired a new stake in shares of Sasol in the third quarter worth $3,079,000. Arrowstreet Capital Limited Partnership bought a new stake in shares of Sasol during the 3rd quarter worth $3,006,000. Finally, Bank of America Corp DE boosted its holdings in shares of Sasol by 206.2% during the 2nd quarter. Bank of America Corp DE now owns 537,250 shares of the oil and gas company’s stock worth $2,375,000 after buying an additional 361,777 shares during the period. Institutional investors own 1.21% of the company’s stock.

Sasol Company Profile

Sasol Limited is an integrated energy and chemical company headquartered in Johannesburg, South Africa. The company’s core operations encompass the conversion of natural gas, coal and heavy hydrocarbons into liquid fuels and a wide array of chemical products. Sasol leverages proprietary Fischer-Tropsch and gas-to-liquids (GTL) technologies to deliver cleaner-burning diesel, jet fuel and naphtha, alongside solvents, surfactants and specialty polymers for industrial and consumer applications.

In addition to its GTL business, Sasol operates downstream facilities for the manufacture of alpha olefins, ethylene, propylene and other base-chemical intermediates.