Sasol Ltd. (NYSE:SSL) Receives Consensus Recommendation of “Hold” from Analysts

Sasol Ltd. (NYSE:SSL) has been given a consensus recommendation of “Hold” by the six analysts that are presently covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a strong buy rating on the company.

SSL has been the subject of several research analyst reports. UBS Group lowered Sasol from a “buy” rating to a “neutral” rating in a research report on Thursday, March 5th. Wall Street Zen raised Sasol from a “hold” rating to a “buy” rating in a research report on Saturday, March 14th. JPMorgan Chase & Co. reaffirmed an “underweight” rating on shares of Sasol in a research report on Friday, January 16th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Sasol in a research report on Wednesday, January 21st. Finally, The Goldman Sachs Group lowered Sasol from a “buy” rating to a “neutral” rating in a research report on Monday, February 9th.

Institutional Trading of Sasol

Several hedge funds have recently bought and sold shares of the business. Corient Private Wealth LLC grew its position in Sasol by 13.1% in the 4th quarter. Corient Private Wealth LLC now owns 30,526 shares of the oil and gas company’s stock valued at $199,000 after purchasing an additional 3,537 shares during the period. DGS Capital Management LLC acquired a new stake in Sasol in the 4th quarter valued at $71,000. Compound Planning Inc. acquired a new stake in Sasol in the 4th quarter valued at $67,000. EP Wealth Advisors LLC acquired a new stake in Sasol in the 4th quarter valued at $66,000. Finally, XTX Topco Ltd grew its position in Sasol by 202.7% in the 4th quarter. XTX Topco Ltd now owns 61,490 shares of the oil and gas company’s stock valued at $400,000 after purchasing an additional 41,174 shares during the period. Institutional investors and hedge funds own 1.21% of the company’s stock.

Sasol Stock Up 9.1%

SSL stock opened at $13.62 on Wednesday. The stock has a 50-day moving average price of $9.75 and a 200-day moving average price of $7.58. Sasol has a 1-year low of $2.78 and a 1-year high of $13.68. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.66 and a quick ratio of 1.09.

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.