Shares of Sasol Ltd. (NYSE:SSL – Get Free Report) have received a consensus recommendation of “Hold” from the seven brokerages that are covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, five have given a hold recommendation and one has issued a buy recommendation on the company.
A number of equities research analysts recently weighed in on the stock. Wall Street Zen upgraded shares of Sasol from a “hold” rating to a “strong-buy” rating in a report on Saturday. Weiss Ratings upgraded shares of Sasol from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday. JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of Sasol in a research report on Monday, June 15th. Investec started coverage on Sasol in a report on Wednesday, June 17th. They issued a “sell” rating for the company. Finally, Zacks Research raised Sasol from a “strong sell” rating to a “hold” rating in a research note on Monday, August 31st.
View Our Latest Report on Sasol
Sasol Trading Down 0.5%
Sasol (NYSE:SSL – Get Free Report) last released its earnings results on Friday, August 14th. The oil and gas company reported $0.56 earnings per share for the quarter. The business had revenue of $4.61 billion during the quarter. As a group, equities analysts predict that Sasol will post 1.65 EPS for the current fiscal year.
Hedge Funds Weigh In On Sasol
Several institutional investors have recently made changes to their positions in the company. Atlas Capital Advisors Inc. purchased a new stake in Sasol in the fourth quarter worth about $35,000. Caitong International Asset Management Co. Ltd increased its position in Sasol by 232.5% during the 4th 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 purchasing an additional 3,920 shares during the period. Ramsey Quantitative Systems bought a new stake in shares of Sasol in the 2nd quarter valued at about $68,000. EverSource Wealth Advisors LLC raised its holdings in shares of Sasol by 347.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 8,960 shares of the oil and gas company’s stock valued at $40,000 after purchasing an additional 6,957 shares in the last quarter. Finally, Blue Trust Inc. lifted its position in shares of Sasol by 48.9% in the 1st quarter. Blue Trust Inc. now owns 9,115 shares of the oil and gas company’s stock worth $118,000 after purchasing an additional 2,992 shares during the period. Hedge funds and other institutional investors own 1.21% of the company’s stock.
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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