Zacks Investment Research upgraded shares of Sasol Ltd. (NYSE:SSL) from a sell rating to a hold rating in a research report report published on Thursday.

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. “

A number of other equities research analysts have also issued reports on SSL. BidaskClub lowered shares of Sasol from a hold rating to a sell rating in a report on Friday, June 16th. J P Morgan Chase & Co lowered shares of Sasol from an overweight rating to a neutral rating in a report on Tuesday, July 18th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Sasol currently has an average rating of Buy.

Sasol (SSL) opened at 30.42 on Thursday. Sasol has a 12 month low of $24.91 and a 12 month high of $32.40. The company’s 50 day moving average is $29.81 and its 200-day moving average is $29.36. The company has a market cap of $19.64 billion, a price-to-earnings ratio of 12.15 and a beta of 0.88.

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The firm also recently announced a dividend, which will be paid on Monday, September 11th. Stockholders of record on Friday, September 8th will be issued a dividend of $0.059 per share. The ex-dividend date is Wednesday, September 6th.

Institutional investors have recently added to or reduced their stakes in the company. BNP Paribas Arbitrage SA grew its holdings in shares of Sasol by 20.7% during the second quarter. BNP Paribas Arbitrage SA now owns 3,737 shares of the oil and gas company’s stock worth $104,000 after buying an additional 642 shares in the last quarter. Sit Investment Associates Inc. grew its holdings in shares of Sasol by 20.5% during the second quarter. Sit Investment Associates Inc. now owns 5,000 shares of the oil and gas company’s stock worth $140,000 after buying an additional 850 shares in the last quarter. Creative Planning grew its holdings in shares of Sasol by 49.2% during 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 in the last quarter. Checchi Capital Advisers LLC purchased a new stake in shares of Sasol during the first quarter worth $212,000. Finally, Wedbush Securities Inc. grew its holdings in shares of Sasol by 2.8% during the first quarter. Wedbush Securities Inc. now owns 8,869 shares of the oil and gas company’s stock worth $261,000 after buying an additional 245 shares in the last quarter. 1.82% of the stock is 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.

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