BidaskClub upgraded shares of Sasol Ltd. (NYSE:SSL) from a hold rating to a buy rating in a research note issued to investors on Saturday morning.

Separately, J P Morgan Chase & Co downgraded Sasol from an overweight rating to a neutral rating in a research report on Tuesday, July 18th. One analyst has rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has an average rating of Buy.

Shares of Sasol (NYSE:SSL) opened at 30.04 on Friday. The stock’s 50 day moving average is $29.12 and its 200-day moving average is $29.30. Sasol has a one year low of $24.85 and a one year high of $32.40. The company has a market cap of $85.25 million, a PE ratio of 16.68 and a beta of 0.89.

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Several institutional investors have recently bought and sold shares of the company. AQR Capital Management LLC increased its position in Sasol by 8.8% in the fourth quarter. AQR Capital Management LLC now owns 16,648 shares of the oil and gas company’s stock worth $476,000 after buying an additional 1,340 shares during the last quarter. Creative Planning increased its position in Sasol by 49.2% in the first quarter. Creative Planning now owns 4,830 shares of the oil and gas company’s stock worth $142,000 after buying an additional 1,592 shares during the last quarter. Capstone Asset Management Co. increased its position in Sasol by 1.3% in the first quarter. Capstone Asset Management Co. now owns 31,782 shares of the oil and gas company’s stock worth $934,000 after buying an additional 420 shares during the last quarter. Gilman Hill Asset Management LLC increased its position in Sasol by 36.2% in the first quarter. Gilman Hill Asset Management LLC now owns 9,790 shares of the oil and gas company’s stock worth $288,000 after buying an additional 2,600 shares during the last quarter. Finally, Profund Advisors LLC increased its position in Sasol by 24.8% in the first quarter. Profund Advisors LLC now owns 21,443 shares of the oil and gas company’s stock worth $630,000 after buying an additional 4,264 shares during the last quarter. 2.25% of the stock is currently owned by institutional investors and hedge funds.

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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