Sasol Ltd. (NYSE:SSL)‘s stock had its “outperform” rating restated by analysts at Royal Bank Of Canada in a research note issued on Thursday.

A number of other research firms also recently weighed in on SSL. Zacks Investment Research upgraded shares of Sasol from a “sell” rating to a “hold” rating in a research note on Thursday, August 31st. BidaskClub cut shares of Sasol from a “buy” rating to a “hold” rating in a research note on Friday, August 25th. Finally, J P Morgan Chase & Co cut shares of Sasol from an “overweight” rating to a “neutral” rating in a research note on Tuesday, July 18th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Sasol has a consensus rating of “Buy”.

Sasol (NYSE SSL) traded up 1.19% during midday trading on Thursday, hitting $30.86. 366,392 shares of the company traded hands. Sasol has a 12-month low of $24.91 and a 12-month high of $32.40. The company has a market capitalization of $19.92 billion, a price-to-earnings ratio of 12.33 and a beta of 0.88. The stock’s 50-day moving average price is $29.94 and its 200 day moving average price is $29.39.

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Institutional investors and hedge funds have recently bought and sold shares of the business. Teza Capital Management LLC bought a new position in Sasol during the 1st quarter valued at about $272,000. Fagan Associates Inc. bought a new position in Sasol during the 1st quarter valued at about $422,000. Ngam Advisors L.P. lifted its stake in Sasol by 7.3% during the 1st quarter. Ngam Advisors L.P. now owns 11,367 shares of the oil and gas company’s stock valued at $334,000 after acquiring an additional 775 shares during the period. Goldman Sachs Group Inc. bought a new position in Sasol during the 1st quarter valued at about $5,638,000. Finally, BB&T Corp lifted its stake in Sasol by 7.0% during the 2nd quarter. BB&T Corp now owns 30,420 shares of the oil and gas company’s stock valued at $850,000 after acquiring an additional 1,991 shares during the period. Institutional investors and hedge funds own 1.82% of the company’s stock.

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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