Sasol Ltd. (NYSE:SSL) Receives Consensus Recommendation of "Hold" from Brokerages

Key Points

• Sasol has a consensus “Hold” rating from seven analysts: one Sell, four Hold, and two Buy recommendations. Several firms recently upgraded the stock, including UBS and Bank of America.
• The shares opened at $13.79, near their 52-week high of $15.18 and above their 50-day and 200-day moving averages. Sasol reported quarterly EPS of $0.56 on $4.61 billion in revenue.
• Institutional investors increased their positions in Sasol during the second quarter, but institutions and hedge funds collectively own only 1.21% of the stock.

Shares of Sasol Ltd. (NYSE:SSL - Get Free Report) have been given a consensus rating of "Hold" by the seven research firms that are covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company.

A number of equities analysts recently issued reports on the stock. Zacks Research upgraded shares of Sasol from a "strong sell" rating to a "hold" rating in a research report on Monday, August 31st. UBS Group upgraded shares of Sasol from a "neutral" rating to a "buy" rating in a research report on Thursday, June 4th. JPMorgan Chase & Co. reaffirmed a "neutral" rating on shares of Sasol in a research note on Monday, June 15th. Bank of America upgraded shares of Sasol from a "neutral" rating to a "buy" rating in a report on Wednesday, September 9th. Finally, Investec assumed coverage on Sasol in a research note on Wednesday, June 17th. They issued a "sell" rating for the company.

Institutional Trading of Sasol

A number of hedge funds have recently made changes to their positions in SSL. Sequoia Financial Advisors LLC grew its holdings in Sasol by 35.5% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 47,869 shares of the oil and gas company's stock worth $470,000 after acquiring an additional 12,529 shares during the last quarter. Arlington Capital Management Inc. acquired a new stake in Sasol in the second quarter valued at $255,000. Engineers Gate Manager LP raised its position in Sasol by 146.6% during the 2nd quarter. Engineers Gate Manager LP now owns 83,589 shares of the oil and gas company's stock worth $821,000 after purchasing an additional 49,699 shares during the last quarter. Integrated Wealth Concepts LLC grew its position in shares of Sasol by 38.7% in the 2nd quarter. Integrated Wealth Concepts LLC now owns 107,176 shares of the oil and gas company's stock valued at $1,052,000 after buying an additional 29,879 shares during the last quarter. Finally, Corient Private Wealth LP grew its position in shares of Sasol by 42.3% in the 2nd quarter. Corient Private Wealth LP now owns 48,279 shares of the oil and gas company's stock valued at $474,000 after buying an additional 14,355 shares during the last quarter. 1.21% of the stock is owned by institutional investors and hedge funds.

Sasol Price Performance

Shares of NYSE SSL opened at $13.79 on Wednesday. The business has a fifty day moving average price of $12.22 and a two-hundred day moving average price of $12.13. The company has a quick ratio of 1.17, a current ratio of 1.79 and a debt-to-equity ratio of 0.49. Sasol has a fifty-two week low of $5.24 and a fifty-two week high of $15.18.

Sasol (NYSE:SSL - Get Free Report) last announced its quarterly earnings data on Friday, August 14th. The oil and gas company reported $0.56 EPS for the quarter. The firm had revenue of $4.61 billion for the quarter. On average, equities research analysts anticipate that Sasol will post 2.71 EPS for the current year.

Sasol Company Profile

Sasol Limited is a South African integrated chemicals and energy company listed on the New York Stock Exchange under the symbol SSL. The company develops and commercializes technologies that convert coal and natural gas into fuels, chemicals and other value-added products, with operations and customers in South Africa and international markets.

Its portfolio includes liquid fuels, solvents, alcohols, surfactants, polymers, waxes, ammonia and other chemical products used in sectors such as mining, manufacturing, agriculture, automotive, personal care and household products.

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