Sasol (SSL) Projected to Post Quarterly Earnings on Monday

Sasol (NYSE:SSL) is projected to announce its results before the market opens on Monday, February 23rd. Analysts expect the company to announce earnings of $0.5760 per share and revenue of $7.5476 billion for the quarter.

Sasol Price Performance

SSL opened at $8.73 on Friday. Sasol has a 1 year low of $2.78 and a 1 year high of $8.97. The company has a quick ratio of 1.27, a current ratio of 1.87 and a debt-to-equity ratio of 0.66. The firm’s fifty day moving average price is $6.96 and its two-hundred day moving average price is $6.55.

Hedge Funds Weigh In On Sasol

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Compound Planning Inc. purchased a new stake in Sasol in the fourth quarter valued at approximately $67,000. Corient Private Wealth LLC raised its position in shares of Sasol by 13.1% during the 4th quarter. Corient Private Wealth LLC now owns 30,526 shares of the oil and gas company’s stock valued at $194,000 after buying an additional 3,537 shares in the last quarter. EP Wealth Advisors LLC bought a new stake in shares of Sasol during the 4th quarter worth $66,000. XTX Topco Ltd increased its stake in Sasol by 202.7% in the fourth quarter. XTX Topco Ltd now owns 61,490 shares of the oil and gas company’s stock valued at $400,000 after acquiring an additional 41,174 shares during the last quarter. Finally, Voloridge Investment Management LLC purchased a new stake in Sasol during the fourth quarter valued at about $112,000. 1.21% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on SSL. Wall Street Zen cut shares of Sasol from a “strong-buy” rating to a “buy” rating in a report on Monday, February 16th. JPMorgan Chase & Co. restated an “underweight” rating on shares of Sasol in a research note on Friday, January 16th. Zacks Research raised Sasol from a “strong sell” rating to a “hold” rating in a research report on Thursday, January 22nd. Weiss Ratings reissued a “sell (d+)” rating on shares of Sasol in a report on Wednesday, January 21st. Finally, The Goldman Sachs Group cut Sasol from a “buy” rating to a “neutral” rating in a research note on Monday, February 9th. Three analysts have rated the stock with a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, Sasol has an average rating of “Reduce”.

About Sasol

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.