Sasol (SSL) Downgraded by Zacks Investment Research

Zacks Investment Research lowered shares of Sasol (NYSE:SSL) from a buy rating to a sell rating in a report issued on Friday morning.

According to Zacks, “Sasol Limited is engaged in the mining and processing of coal. It also produces chemicals, explores for and refines crude oil, and manufactures fertilizers and explosives. In addition, it converts coal to petrochemicals products, such as diesel fuels and gasoline. “

A number of other equities analysts also recently issued reports on SSL. ValuEngine downgraded Sasol from a buy rating to a hold rating in a research note on Thursday, August 2nd. TD Securities restated an average rating and issued a $7.50 price target on shares of Sasol in a research note on Thursday, November 15th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the company. The stock has a consensus rating of Hold and a consensus price target of $24.25.

SSL stock opened at $31.44 on Friday. The firm has a market capitalization of $19.20 billion, a PE ratio of 15.22, a PEG ratio of 1.13 and a beta of 1.03. Sasol has a 1 year low of $29.17 and a 1 year high of $39.73. The company has a current ratio of 1.36, a quick ratio of 0.87 and a debt-to-equity ratio of 0.42.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Signaturefd LLC lifted its position in Sasol by 29.2% during the second quarter. Signaturefd LLC now owns 7,184 shares of the oil and gas company’s stock valued at $263,000 after purchasing an additional 1,625 shares in the last quarter. Gilman Hill Asset Management LLC lifted its position in Sasol by 11.7% during the third quarter. Gilman Hill Asset Management LLC now owns 15,790 shares of the oil and gas company’s stock valued at $610,000 after purchasing an additional 1,660 shares in the last quarter. Pillar Pacific Capital Management LLC lifted its position in Sasol by 2.4% during the second quarter. Pillar Pacific Capital Management LLC now owns 105,212 shares of the oil and gas company’s stock valued at $3,844,000 after purchasing an additional 2,465 shares in the last quarter. Van ECK Associates Corp lifted its position in Sasol by 7.9% during the second quarter. Van ECK Associates Corp now owns 38,115 shares of the oil and gas company’s stock valued at $1,393,000 after purchasing an additional 2,801 shares in the last quarter. Finally, KCS Wealth Advisory lifted its position in Sasol by 19.6% during the second quarter. KCS Wealth Advisory now owns 19,845 shares of the oil and gas company’s stock valued at $725,000 after purchasing an additional 3,249 shares in the last quarter. Institutional investors 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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