Citigroup lowered shares of Sasol (NYSE:SSL) from a buy rating to a neutral rating in a research report sent to investors on Tuesday, Marketbeat reports.

A number of other equities analysts have also recently commented on the company. Zacks Investment Research cut Sasol from a hold rating to a sell rating in a report on Friday, September 8th. BidaskClub cut Sasol from a buy rating to a hold rating in a report on Friday, August 25th. Finally, Royal Bank Of Canada restated an outperform rating on shares of Sasol in a report on Thursday, September 7th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company currently has a consensus rating of Buy and an average target price of $34.00.

Shares of Sasol (SSL) traded up $0.58 during trading on Tuesday, reaching $31.49. The company had a trading volume of 194,100 shares, compared to its average volume of 277,919. Sasol has a 12 month low of $25.50 and a 12 month high of $32.40. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.69 and a quick ratio of 1.20.

Institutional investors have recently made changes to their positions in the stock. BNP Paribas Arbitrage SA boosted its holdings in Sasol by 20.7% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 3,737 shares of the oil and gas company’s stock valued at $104,000 after acquiring an additional 642 shares during the period. Advisor Group Inc. boosted its stake in shares of Sasol by 79.9% in the 3rd quarter. Advisor Group Inc. now owns 7,074 shares of the oil and gas company’s stock valued at $195,000 after buying an additional 3,142 shares during the period. Checchi Capital Advisers LLC acquired a new stake in shares of Sasol during the 3rd quarter worth about $207,000. Jane Street Group LLC acquired a new stake in shares of Sasol during the 3rd quarter worth about $219,000. Finally, FDx Advisors Inc. acquired a new stake in shares of Sasol during the 3rd quarter worth about $251,000. Institutional investors own 10.48% of the company’s stock.

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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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