Sasol (NYSE:SSL – Get Free Report) was downgraded by investment analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a report issued on Saturday.
A number of other research analysts also recently issued reports on the stock. Zacks Research downgraded shares of Sasol from a “hold” rating to a “strong sell” rating in a research report on Wednesday, July 8th. JPMorgan Chase & Co. reissued a “neutral” rating on shares of Sasol in a report on Monday, June 15th. UBS Group upgraded Sasol from a “neutral” rating to a “buy” rating in a research note on Thursday, June 4th. Weiss Ratings lowered Sasol from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, July 28th. Finally, Investec initiated coverage on Sasol in a research report on Wednesday, June 17th. They set a “sell” rating on the stock. One investment analyst has rated the stock with a Buy rating, three have given a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Reduce”.
Sasol Stock Performance
Institutional Investors Weigh In On Sasol
A number of large investors have recently bought and sold shares of the stock. Atlas Capital Advisors Inc. bought a new stake in Sasol in the fourth quarter valued at approximately $35,000. Caitong International Asset Management Co. Ltd increased its position in shares of Sasol by 232.5% during the fourth 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 buying an additional 3,920 shares during the period. Ramsey Quantitative Systems bought a new position in shares of Sasol in the 2nd quarter worth approximately $68,000. EverSource Wealth Advisors LLC raised its holdings in Sasol by 347.3% in the second 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. lifted its position 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 valued at $118,000 after acquiring an additional 2,992 shares during the period. 1.21% of the stock is currently owned by institutional investors and hedge funds.
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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