Shares of Sasol Ltd. (NYSE:SSL – Get Free Report) have received a consensus rating of “Reduce” from the seven ratings firms that are currently covering the company, MarketBeat Ratings reports. Three research analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company.
A number of research analysts have issued reports on the company. Zacks Research lowered 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. Wall Street Zen cut shares of Sasol from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 20th. Investec started coverage on shares of Sasol in a report on Wednesday, June 17th. They issued a “sell” rating for the company. Finally, Weiss Ratings lowered shares of Sasol from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, July 28th.
Read Our Latest Research Report on SSL
Sasol Price Performance
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in the stock. Parallel Advisors LLC raised its stake in Sasol by 4.6% during the 1st quarter. Parallel Advisors LLC now owns 20,894 shares of the oil and gas company’s stock valued at $271,000 after purchasing an additional 915 shares during the period. Laird Norton Wetherby Wealth Management LLC boosted its position in shares of Sasol by 5.1% in the third quarter. Laird Norton Wetherby Wealth Management LLC now owns 32,723 shares of the oil and gas company’s stock worth $204,000 after buying an additional 1,593 shares during the period. PDS Planning Inc boosted its position in shares of Sasol by 15.3% in the fourth quarter. PDS Planning Inc now owns 14,269 shares of the oil and gas company’s stock worth $93,000 after buying an additional 1,893 shares during the period. Integrated Wealth Concepts LLC grew its holdings in shares of Sasol by 3.9% during the third quarter. Integrated Wealth Concepts LLC now owns 62,848 shares of the oil and gas company’s stock valued at $391,000 after buying an additional 2,334 shares in the last quarter. Finally, US Bancorp DE grew its holdings in shares of Sasol by 11.5% during the third quarter. US Bancorp DE now owns 26,354 shares of the oil and gas company’s stock valued at $164,000 after buying an additional 2,719 shares in the last quarter. 1.21% of the stock is currently owned by institutional investors.
Sasol Company Profile
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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