Sasol Ltd. (NYSE:SSL) Receives Average Recommendation of “Buy” from Analysts
Shares of Sasol Ltd. (NYSE:SSL) have earned a consensus rating of “Buy” from the six brokerages that are covering the company. One investment analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company.
SSL has been the topic of a number of analyst reports. Credit Suisse Group AG initiated coverage on Sasol in a research report on Monday, September 26th. They set an “outperform” rating on the stock. Citigroup Inc. raised Sasol from a “neutral” rating to a “buy” rating in a research report on Wednesday, September 14th. Bank of America Corp. raised Sasol from a “neutral” rating to a “buy” rating in a research report on Tuesday, August 16th. Morgan Stanley raised Sasol from an “equal weight” rating to an “overweight” rating in a research report on Wednesday, August 10th. Finally, Zacks Investment Research lowered Sasol from a “strong-buy” rating to a “sell” rating in a research report on Thursday, August 18th.
Shares of Sasol (NYSE:SSL) opened at 27.32 on Friday. Sasol has a 52-week low of $21.07 and a 52-week high of $34.73. The firm’s 50-day moving average price is $26.77 and its 200-day moving average price is $28.34. The firm has a market capitalization of $17.63 billion, a PE ratio of 16.99 and a beta of 1.16.
The company also recently disclosed a semiannual dividend, which will be paid on Thursday, October 13th. Investors of record on Friday, September 30th will be issued a $0.521 dividend. This is a positive change from Sasol’s previous semiannual dividend of $0.30. This represents a yield of 4.77%. The ex-dividend date is Wednesday, September 28th.
Hedge funds have recently made changes to their positions in the stock. Orbis Allan Gray Ltd purchased a new stake in shares of Sasol during the first quarter valued at $1,692,944,000. Ameriprise Financial Inc. raised its stake in shares of Sasol by 25.6% in the second quarter. Ameriprise Financial Inc. now owns 1,569,715 shares of the company’s stock valued at $42,571,000 after buying an additional 319,609 shares in the last quarter. Brown Capital Management LLC raised its stake in shares of Sasol by 7.4% in the second quarter. Brown Capital Management LLC now owns 521,853 shares of the company’s stock valued at $14,153,000 after buying an additional 36,031 shares in the last quarter. State Street Corp raised its stake in shares of Sasol by 23.4% in the second quarter. State Street Corp now owns 445,001 shares of the company’s stock valued at $12,069,000 after buying an additional 84,492 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC raised its stake in shares of Sasol by 5.0% in the second quarter. O Shaughnessy Asset Management LLC now owns 189,128 shares of the company’s stock valued at $5,129,000 after buying an additional 8,988 shares in the last quarter. 4.53% of the stock is owned by hedge funds and other institutional investors.
Sasol Limited (Sasol) is a holding company. The Company is an integrated energy and chemicals company that develops and commercializes technologies, builds and operates facilities to produce a range of product streams, including liquid fuels, high-value chemicals and low-carbon electricity. The Company operates through six segments: Mining, Exploration and Production International, Energy, Base Chemicals, Performance Chemicals and Other.
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