Sasol Ltd. (NYSE:SSL) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued to investors on Wednesday.

According to Zacks, “Sasol Limited is engaged in the mining and processing of coal. It also produces chemicals, explores for and refines crude oil, and manufactures fertilizers and explosives. In addition, it converts coal to petrochemicals products, such as diesel fuels and gasoline. “

SSL has been the subject of several other research reports. Morgan Stanley raised Sasol from an “equal weight” rating to an “overweight” rating in a report on Wednesday, August 10th. Citigroup Inc. raised Sasol from a “neutral” rating to a “buy” rating in a report on Wednesday, September 14th. Bank of America Corp. raised Sasol from a “neutral” rating to a “buy” rating in a report on Tuesday, August 16th. Finally, Credit Suisse Group AG assumed coverage on Sasol in a research report on Monday, September 26th. They set an “outperform” rating on the stock. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $35.00.

Analyst Recommendations for Sasol (NYSE:SSL)

Sasol (NYSE:SSL) opened at 25.71 on Wednesday. The stock’s 50 day moving average price is $27.59 and its 200 day moving average price is $27.86. The company has a market capitalization of $16.59 billion, a price-to-earnings ratio of 15.74 and a beta of 0.95. Sasol has a 12 month low of $21.07 and a 12 month high of $33.31.

A number of institutional investors have recently added to or reduced their stakes in the stock. Geneva Advisors LLC increased its position in Sasol by 0.4% in the second quarter. Geneva Advisors LLC now owns 34,588 shares of the company’s stock valued at $938,000 after buying an additional 146 shares during the period. Independent Portfolio Consultants Inc. increased its position in shares of Sasol by 3.4% in the second quarter. Independent Portfolio Consultants Inc. now owns 5,584 shares of the company’s stock valued at $151,000 after buying an additional 185 shares during the last quarter. Bank of Montreal Can increased its position in shares of Sasol by 0.6% in the third quarter. Bank of Montreal Can now owns 32,863 shares of the company’s stock valued at $898,000 after buying an additional 210 shares during the last quarter. Neuberger Berman Group LLC increased its position in shares of Sasol by 0.9% in the third quarter. Neuberger Berman Group LLC now owns 25,109 shares of the company’s stock valued at $686,000 after buying an additional 224 shares during the last quarter. Finally, Quantbot Technologies LP increased its position in shares of Sasol by 6.8% in the second quarter. Quantbot Technologies LP now owns 4,157 shares of the company’s stock valued at $112,000 after buying an additional 264 shares during the last quarter. Institutional investors own 4.51% of the company’s stock.

Sasol Company Profile

Sasol Limited is an international integrated chemicals and energy company. The Company develops and commercializes technologies, and builds and operates facilities to produce a range of product streams, including liquid fuels, chemicals and low-carbon electricity. The Company’s operating business units include Mining and, Exploration and Production International.

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