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

Key Points

• Sasol has an average “Reduce” rating from seven brokerages: three analysts recommend selling, three advise holding, and one recommends buying.
• Recent analyst actions have been mixed but largely negative, including downgrades from Weiss Ratings and Zacks Research, while UBS upgraded the stock to “buy.”
• Sasol shares were trading at $11.82, up 1.8%, with institutional investors owning a relatively small 1.21% stake.

Sasol Ltd. (NYSE:SSL - Get Free Report) has been assigned an average recommendation of "Reduce" from the seven brokerages that are presently covering the stock, Marketbeat.com reports. Three equities research analysts have rated the stock with a sell recommendation, three have given a hold recommendation and one has issued a buy recommendation on the company.

Several research analysts recently weighed in on the stock. Weiss Ratings lowered shares of Sasol from a "hold (c-)" rating to a "sell (d+)" rating in a research note on Tuesday, July 28th. UBS Group upgraded shares of Sasol from a "neutral" rating to a "buy" rating in a report on Thursday, June 4th. Investec started coverage on shares of Sasol in a research report on Wednesday, June 17th. They set a "sell" rating on the stock. Zacks Research lowered shares of Sasol from a "hold" rating to a "strong sell" rating in a report on Wednesday, July 8th. Finally, Wall Street Zen cut shares of Sasol from a "buy" rating to a "hold" rating in a research report on Saturday, August 15th.

Institutional Investors Weigh In On Sasol

Several large investors have recently modified their holdings of SSL. Atlas Capital Advisors Inc. acquired a new stake in shares of Sasol during the fourth quarter worth about $35,000. Caitong International Asset Management Co. Ltd grew its position in shares of Sasol by 232.5% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 5,606 shares of the oil and gas company's stock valued at $36,000 after purchasing an additional 3,920 shares during the period. Ramsey Quantitative Systems bought a new stake in Sasol during the 2nd quarter worth approximately $68,000. EverSource Wealth Advisors LLC increased its stake in Sasol by 347.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 8,960 shares of the oil and gas company's stock worth $40,000 after purchasing an additional 6,957 shares in the last quarter. Finally, Blue Trust Inc. raised its holdings in Sasol by 48.9% during the 1st quarter. Blue Trust Inc. now owns 9,115 shares of the oil and gas company's stock worth $118,000 after buying an additional 2,992 shares during the period. 1.21% of the stock is currently owned by institutional investors.

Sasol Trading Up 1.8%

Shares of SSL opened at $11.82 on Friday. Sasol has a 1 year low of $5.24 and a 1 year high of $14.36. The stock's 50-day moving average price is $11.09 and its two-hundred day moving average price is $11.47. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.09 and a current ratio of 1.66.

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.

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