Sasol Ltd. (NYSE:SSL) Given Consensus Rating of "Hold" by Analysts

Key Points

• Analysts have a consensus "Hold" rating on Sasol from six firms (2 sell, 3 hold, 1 strong buy), with recent downgrades from UBS, Goldman and Wall Street Zen while Zacks upgraded to strong‑buy.
• Millennium Management notably boosted its stake by 75.7% to about 1.45M shares (~$6.14M) alongside other institutional buyers, though institutional ownership is reported at just 1.21%.
• Sasol shares opened at $8.95 (up ~4.1%), trading near a 1‑year high of $9.35 with 50‑day/200‑day moving averages of $7.44/$6.77 and a debt‑to‑equity ratio of 0.53.

Shares of Sasol Ltd. (NYSE:SSL - Get Free Report) have been assigned a consensus recommendation of "Hold" from the six ratings firms that are currently covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and one has assigned a strong buy recommendation to the company.

SSL has been the topic of several analyst reports. UBS Group downgraded shares of Sasol from a "buy" rating to a "neutral" rating in a research report on Thursday. Zacks Research upgraded shares of Sasol from a "hold" rating to a "strong-buy" rating in a research report on Monday, February 23rd. JPMorgan Chase & Co. reaffirmed an "underweight" rating on shares of Sasol in a research note on Friday, January 16th. Wall Street Zen cut shares of Sasol from a "buy" rating to a "hold" rating in a research report on Saturday, February 28th. Finally, The Goldman Sachs Group lowered Sasol from a "buy" rating to a "neutral" rating in a report on Monday, February 9th.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. Millennium Management LLC boosted its position in Sasol by 75.7% during the 1st quarter. Millennium Management LLC now owns 1,450,355 shares of the oil and gas company's stock worth $6,135,000 after acquiring an additional 624,911 shares during the period. Jane Street Group LLC increased its holdings in shares of Sasol by 31.9% in the 1st quarter. Jane Street Group LLC now owns 154,700 shares of the oil and gas company's stock valued at $654,000 after purchasing an additional 37,412 shares during the period. Sivia Capital Partners LLC acquired a new position in shares of Sasol in the 2nd quarter valued at about $52,000. Savant Capital LLC purchased a new stake in shares of Sasol in the second quarter worth approximately $160,000. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its position in shares of Sasol by 11.9% in the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 767,312 shares of the oil and gas company's stock worth $3,392,000 after purchasing an additional 81,769 shares in the last quarter. 1.21% of the stock is owned by institutional investors and hedge funds.

Sasol Trading Up 4.1%

NYSE SSL opened at $8.95 on Friday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.09 and a current ratio of 1.66. Sasol has a 1 year low of $2.78 and a 1 year high of $9.35. The stock's 50-day moving average price is $7.44 and its two-hundred day moving average price is $6.77.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.