Sasol Limited (NYSE:SSL) has earned an average recommendation of “Buy” from the six analysts that are covering the stock, Marketbeat Ratings reports. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $34.00.
A number of research analysts have recently weighed in on the company. Zacks Investment Research upgraded Sasol from a “hold” rating to a “buy” rating and set a $34.00 price target on the stock in a report on Tuesday, November 28th. Citigroup downgraded Sasol from a “buy” rating to a “neutral” rating in a report on Tuesday, November 28th.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. KCS Wealth Advisory purchased a new position in Sasol in the fourth quarter valued at about $210,000. Bamco Inc. NY grew its stake in Sasol by 11.4% in the third quarter. Bamco Inc. NY now owns 457,743 shares of the oil and gas company’s stock valued at $12,602,000 after purchasing an additional 46,772 shares in the last quarter. Jane Street Group LLC purchased a new position in Sasol in the third quarter valued at about $219,000. Oppenheimer Asset Management Inc. grew its stake in Sasol by 10.5% in the third quarter. Oppenheimer Asset Management Inc. now owns 55,043 shares of the oil and gas company’s stock valued at $1,515,000 after purchasing an additional 5,223 shares in the last quarter. Finally, Harding Loevner LP grew its stake in Sasol by 2,238.3% in the third quarter. Harding Loevner LP now owns 57,773,363 shares of the oil and gas company’s stock valued at $15,116,000 after purchasing an additional 55,302,648 shares in the last quarter. Hedge funds and other institutional investors own 2.00% of the company’s stock.
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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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