Shares of Sasol Limited (NYSE:SSL) passed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $24.75 and traded as high as $24.39. Sasol shares last traded at $24.03, with a volume of 10,843 shares trading hands.
SSL has been the subject of a number of recent research reports. Zacks Investment Research raised Booz Allen Hamilton from a “hold” rating to a “buy” rating and set a $71.00 price target for the company in a research report on Friday, June 28th. HSBC set a €9.00 ($10.47) price objective on Schaeffler and gave the company a “buy” rating in a report on Wednesday, May 22nd. ValuEngine raised Ultrapar Participacoes from a “strong sell” rating to a “sell” rating in a report on Tuesday, June 4th. Macquarie downgraded Sasol from an “outperform” rating to a “neutral” rating in a report on Wednesday, May 22nd. Finally, Citigroup downgraded Barrick Gold to a “neutral” rating in a report on Thursday, May 23rd. Two investment analysts have rated the stock with a sell rating and six have given a hold rating to the company’s stock. Sasol presently has a consensus rating of “Hold” and an average target price of $20.75.
The business’s fifty day simple moving average is $24.74. The firm has a market capitalization of $15.21 billion, a price-to-earnings ratio of 11.57, a price-to-earnings-growth ratio of 1.92 and a beta of 0.98. The company has a current ratio of 1.57, a quick ratio of 0.96 and a debt-to-equity ratio of 0.50.
A number of institutional investors have recently made changes to their positions in the business. ARGA Investment Management LP increased its position in shares of Sasol by 18.0% in the first quarter. ARGA Investment Management LP now owns 347,391 shares of the oil and gas company’s stock worth $10,748,000 after purchasing an additional 52,950 shares during the period. Jane Street Group LLC bought a new position in shares of Sasol in the fourth quarter worth $8,571,000. Deutsche Bank AG increased its position in shares of Sasol by 612.0% in the fourth quarter. Deutsche Bank AG now owns 171,007 shares of the oil and gas company’s stock worth $5,008,000 after purchasing an additional 146,988 shares during the period. Pzena Investment Management LLC increased its position in shares of Sasol by 68.9% in the first quarter. Pzena Investment Management LLC now owns 118,526 shares of the oil and gas company’s stock worth $3,667,000 after purchasing an additional 48,340 shares during the period. Finally, Pillar Pacific Capital Management LLC increased its position in shares of Sasol by 5.2% in the first quarter. Pillar Pacific Capital Management LLC now owns 111,784 shares of the oil and gas company’s stock worth $3,458,000 after purchasing an additional 5,575 shares during the period.
Sasol Company Profile (NYSE:SSL)
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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