Goldman Sachs Group upgraded shares of Sasol (NYSE:SSL) from a neutral rating to a buy rating in a report issued on Friday morning, The Fly reports.
Several other research firms have also recently commented on SSL. Zacks Investment Research cut Sasol from a buy rating to a hold rating in a report on Wednesday, October 30th. Renaissance Capital cut Sasol from a hold rating to a sell rating in a report on Tuesday, November 12th. ValuEngine raised Sasol from a sell rating to a hold rating in a report on Wednesday, September 4th. Citigroup raised Sasol from a neutral rating to a buy rating in a report on Monday, September 16th. Finally, UBS Group cut Sasol from a buy rating to a neutral rating in a report on Tuesday, September 3rd. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the company. The company has a consensus rating of Hold and a consensus target price of $22.00.
NYSE:SSL opened at $17.91 on Friday. Sasol has a one year low of $16.48 and a one year high of $34.03. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.99 and a current ratio of 1.59. The stock has a market cap of $11.26 billion, a PE ratio of 8.25, a P/E/G ratio of 1.41 and a beta of 1.05. The stock has a 50 day moving average price of $18.98 and a 200 day moving average price of $21.12.
Institutional investors have recently modified their holdings of the stock. Lindbrook Capital LLC grew its position in Sasol by 1,145.1% in the third quarter. Lindbrook Capital LLC now owns 2,042 shares of the oil and gas company’s stock worth $35,000 after acquiring an additional 1,878 shares during the period. TRUE Private Wealth Advisors purchased a new position in Sasol in the second quarter worth approximately $80,000. Signaturefd LLC grew its position in Sasol by 201.1% in the third quarter. Signaturefd LLC now owns 3,673 shares of the oil and gas company’s stock worth $62,000 after acquiring an additional 2,453 shares during the period. Tower Research Capital LLC TRC grew its position in Sasol by 750.7% in the second quarter. Tower Research Capital LLC TRC now owns 3,973 shares of the oil and gas company’s stock worth $99,000 after acquiring an additional 3,506 shares during the period. Finally, Quantamental Technologies LLC grew its position in Sasol by 214.7% in the second quarter. Quantamental Technologies LLC now owns 4,721 shares of the oil and gas company’s stock worth $117,000 after acquiring an additional 3,221 shares during the period. Institutional investors own 2.24% of the company’s stock.
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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