Sasol Ltd. (NYSE:SSL) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Friday.

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 research analysts have also weighed in on SSL. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Sasol in a research note on Thursday. BidaskClub raised shares of Sasol from a “hold” rating to a “buy” rating in a research note on Saturday, August 12th. Finally, J P Morgan Chase & Co lowered shares of 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 issued a hold rating and four have assigned a buy rating to the company. The company currently has an average rating of “Hold”.

Shares of Sasol (NYSE:SSL) opened at 30.86 on Friday. Sasol has a one year low of $24.91 and a one year high of $32.40. The firm has a market capitalization of $19.92 billion, a price-to-earnings ratio of 12.33 and a beta of 0.88. The company’s 50 day moving average is $29.98 and its 200-day moving average is $29.41.

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Several institutional investors have recently added to or reduced their stakes in SSL. Goldman Sachs Group Inc. bought a new position in shares of Sasol in the first quarter valued at $5,638,000. Harding Loevner LP lifted its stake in shares of Sasol by 5.7% in the second quarter. Harding Loevner LP now owns 2,470,715 shares of the oil and gas company’s stock valued at $69,056,000 after buying an additional 134,044 shares in the last quarter. Oppenheimer Asset Management Inc. bought a new position in shares of Sasol in the first quarter valued at $1,396,000. Parametric Portfolio Associates LLC lifted its stake in shares of Sasol by 38.5% in the first quarter. Parametric Portfolio Associates LLC now owns 169,250 shares of the oil and gas company’s stock valued at $4,976,000 after buying an additional 47,006 shares in the last quarter. Finally, SG Americas Securities LLC bought a new position in shares of Sasol in the second quarter valued at $687,000. 1.82% of the stock is currently owned by hedge funds and other institutional investors.

Sasol Company Profile

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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