Sasol Ltd. (NYSE:SSL) Given Average Recommendation of “Strong Sell” by Analysts

Shares of Sasol Ltd. (NYSE:SSL) have earned an average recommendation of “Strong Sell” from the five research firms that are covering the firm, MarketBeat.com reports. Three analysts have rated the stock with a sell recommendation and two have given a hold recommendation to the company.

Several equities analysts have recently weighed in on SSL shares. Wall Street Zen cut shares of Sasol from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 15th. Weiss Ratings restated a “sell (d+)” rating on shares of Sasol in a report on Wednesday, October 8th. JPMorgan Chase & Co. reaffirmed an “underweight” rating on shares of Sasol in a research report on Friday, January 16th. Finally, Zacks Research lowered shares of Sasol from a “hold” rating to a “strong sell” rating in a research note on Tuesday, November 25th.

Institutional Investors Weigh In On Sasol

Hedge funds have recently bought and sold shares of the company. EverSource Wealth Advisors LLC grew its holdings in Sasol by 347.3% during the second quarter. EverSource Wealth Advisors LLC now owns 8,960 shares of the oil and gas company’s stock worth $40,000 after purchasing an additional 6,957 shares during the period. Sivia Capital Partners LLC acquired a new stake in shares of Sasol in the second quarter valued at approximately $52,000. GAMMA Investing LLC boosted its stake in shares of Sasol by 107.9% during the 3rd quarter. GAMMA Investing LLC now owns 8,637 shares of the oil and gas company’s stock worth $54,000 after acquiring an additional 4,482 shares during the period. Brevan Howard Capital Management LP acquired a new position in shares of Sasol during the 3rd quarter worth approximately $63,000. Finally, Centiva Capital LP bought a new stake in Sasol in the 3rd quarter valued at $67,000. 1.21% of the stock is currently owned by institutional investors and hedge funds.

Sasol Price Performance

NYSE:SSL opened at $7.05 on Friday. The stock has a 50-day simple moving average of $6.53 and a 200 day simple moving average of $6.18. Sasol has a 52-week low of $2.78 and a 52-week high of $7.54. The company has a current ratio of 1.87, a quick ratio of 1.27 and a debt-to-equity ratio of 0.66.

Sasol Company Profile

Sasol Limited is an integrated energy and chemical company headquartered in Johannesburg, South Africa. The company’s core operations encompass the conversion of natural gas, coal and heavy hydrocarbons into liquid fuels and a wide array of chemical products. Sasol leverages proprietary Fischer-Tropsch and gas-to-liquids (GTL) technologies to deliver cleaner-burning diesel, jet fuel and naphtha, alongside solvents, surfactants and specialty polymers for industrial and consumer applications.

In addition to its GTL business, Sasol operates downstream facilities for the manufacture of alpha olefins, ethylene, propylene and other base-chemical intermediates.