BidaskClub Downgrades Sasol Ltd. (SSL) to Hold
Sasol Ltd. (NYSE:SSL) was downgraded by equities researchers at BidaskClub from a “buy” rating to a “hold” rating in a report issued on Friday.
Separately, J P Morgan Chase & Co downgraded Sasol from an “overweight” rating to a “neutral” rating in a research note on Tuesday, July 18th. One analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company. The stock currently has a consensus rating of “Hold”.
Shares of Sasol (NYSE:SSL) traded up 1.08% during midday trading on Friday, reaching $29.87. The company had a trading volume of 173,824 shares. The company’s 50 day moving average price is $29.42 and its 200-day moving average price is $29.31. Sasol has a 52 week low of $24.85 and a 52 week high of $32.40. The company has a market capitalization of $19.28 billion, a P/E ratio of 12.07 and a beta of 0.89.
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A number of large investors have recently made changes to their positions in the company. Creative Planning boosted its stake in shares of 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 during the last quarter. Capstone Asset Management Co. boosted 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 valued at $934,000 after buying an additional 420 shares in the last quarter. Profund Advisors LLC boosted 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 valued at $630,000 after buying an additional 4,264 shares in the last quarter. Sit Investment Associates Inc. boosted its position 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. Finally, DUPONT CAPITAL MANAGEMENT Corp boosted its position in Sasol by 8.4% in the first quarter. DUPONT CAPITAL MANAGEMENT Corp now owns 201,154 shares of the oil and gas company’s stock valued at $5,914,000 after buying an additional 15,553 shares in the last quarter. 2.25% of the stock is currently owned by hedge funds and other institutional investors.
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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