Shares of Sasol Ltd. (NYSE:SSL) have earned an average rating of “Buy” from the eight ratings firms that are covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and five have assigned a buy recommendation to the company.

Several research firms have recently weighed in on SSL. BidaskClub raised shares of Sasol from a “sell” rating to a “hold” rating in a research report on Tuesday, June 27th. J P Morgan Chase & Co downgraded shares of Sasol from an “overweight” rating to a “neutral” rating in a research report on Tuesday, July 18th.

Several hedge funds have recently bought and sold shares of SSL. BNP Paribas Arbitrage SA boosted its stake in Sasol by 20.7% in the second quarter. BNP Paribas Arbitrage SA now owns 3,737 shares of the oil and gas company’s stock valued at $104,000 after buying an additional 642 shares in the last quarter. Sit Investment Associates Inc. boosted its stake in Sasol by 36.1% in the first quarter. Sit Investment Associates Inc. now owns 4,150 shares of the oil and gas company’s stock valued at $122,000 after buying an additional 1,100 shares in the last quarter. Creative Planning boosted its stake in Sasol by 49.2% in the first quarter. Creative Planning now owns 4,830 shares of the oil and gas company’s stock valued at $142,000 after buying an additional 1,592 shares in the last quarter. Checchi Capital Advisers LLC bought a new stake in Sasol during the first quarter valued at approximately $212,000. Finally, A.R.T. Advisors LLC bought a new stake in Sasol during the fourth quarter valued at approximately $228,000. Institutional investors and hedge funds own 2.31% of the company’s stock.

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Sasol (NYSE SSL) opened at 30.46 on Monday. The firm has a market capitalization of $86.45 million, a P/E ratio of 16.91 and a beta of 0.89. The company has a 50 day moving average price of $28.81 and a 200 day moving average price of $29.35. Sasol has a 52-week low of $24.85 and a 52-week high of $32.40.

About Sasol

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.

Analyst Recommendations for Sasol (NYSE:SSL)

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