Sasol Ltd. (NYSE:SSL) Given Average Rating of “Reduce” by Brokerages

Sasol Ltd. (NYSE:SSL) has received an average rating of “Reduce” from the seven ratings firms that are currently covering the firm, MarketBeat Ratings reports. Three analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating on the company.

SSL has been the topic of a number of research reports. Zacks Research lowered Sasol from a “hold” rating to a “strong sell” rating in a report on Wednesday, July 8th. Wall Street Zen downgraded Sasol from a “buy” rating to a “hold” rating in a report on Saturday, August 15th. JPMorgan Chase & Co. reissued a “neutral” rating on shares of Sasol in a research report on Monday, June 15th. Investec assumed coverage on Sasol in a research note on Wednesday, June 17th. They issued a “sell” rating on the stock. Finally, Weiss Ratings downgraded Sasol from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, July 28th.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in SSL. Parallel Advisors LLC increased its stake in Sasol by 4.6% in the 1st quarter. Parallel Advisors LLC now owns 20,894 shares of the oil and gas company’s stock valued at $271,000 after buying an additional 915 shares during the last quarter. Laird Norton Wetherby Wealth Management LLC grew its holdings in shares of Sasol by 5.1% in the 3rd quarter. Laird Norton Wetherby Wealth Management LLC now owns 32,723 shares of the oil and gas company’s stock valued at $204,000 after acquiring an additional 1,593 shares in the last quarter. Integrated Wealth Concepts LLC grew its holdings in shares of Sasol by 3.9% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 62,848 shares of the oil and gas company’s stock valued at $391,000 after acquiring an additional 2,334 shares in the last quarter. US Bancorp DE increased its position in shares of Sasol by 11.5% in the third quarter. US Bancorp DE now owns 26,354 shares of the oil and gas company’s stock valued at $164,000 after acquiring an additional 2,719 shares during the last quarter. Finally, Blue Trust Inc. increased its position in shares of Sasol by 48.9% in the first quarter. Blue Trust Inc. now owns 9,115 shares of the oil and gas company’s stock valued at $118,000 after acquiring an additional 2,992 shares during the last quarter. Institutional investors own 1.21% of the company’s stock.

Sasol Stock Up 1.8%

Shares of NYSE SSL opened at $11.82 on Friday. The company has a fifty day moving average price of $11.09 and a 200 day moving average price of $11.47. The company has a quick ratio of 1.09, a current ratio of 1.66 and a debt-to-equity ratio of 0.53. Sasol has a 1-year low of $5.24 and a 1-year high of $14.36.

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.