Sasol (SSL) Downgraded to Neutral at Macquarie

Sasol (NYSE:SSL) was downgraded by stock analysts at Macquarie from an “outperform” rating to a “neutral” rating in a research report issued to clients and investors on Friday, The Fly reports.

A number of other brokerages have also recently issued reports on SSL. Zacks Investment Research cut Sasol from a “buy” rating to a “sell” rating in a report on Wednesday, January 30th. TD Securities reissued an “average” rating and set a $7.50 price objective on shares of Sasol in a report on Thursday, November 15th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company’s stock. Sasol has a consensus rating of “Hold” and a consensus price target of $20.75.

SSL opened at $29.97 on Friday. Sasol has a fifty-two week low of $27.40 and a fifty-two week high of $39.73. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.87 and a current ratio of 1.36. The firm has a market cap of $20.23 billion, a price-to-earnings ratio of 14.48, a price-to-earnings-growth ratio of 1.35 and a beta of 0.84.

A number of large investors have recently made changes to their positions in the business. Greenleaf Trust raised its holdings in Sasol by 21.5% during the 4th quarter. Greenleaf Trust now owns 33,934 shares of the oil and gas company’s stock worth $994,000 after purchasing an additional 6,016 shares during the last quarter. FDx Advisors Inc. raised its holdings in Sasol by 7.5% during the 4th quarter. FDx Advisors Inc. now owns 17,723 shares of the oil and gas company’s stock worth $519,000 after purchasing an additional 1,243 shares during the last quarter. Henry James International Management Inc. bought a new stake in Sasol during the 4th quarter worth about $591,000. Mackenzie Financial Corp bought a new stake in Sasol during the 4th quarter worth about $577,000. Finally, Comerica Bank raised its holdings in Sasol by 0.7% during the 4th quarter. Comerica Bank now owns 47,646 shares of the oil and gas company’s stock worth $1,456,000 after purchasing an additional 340 shares during the last quarter. 2.19% of the stock is owned by hedge funds and other institutional investors.

Sasol Company Profile

Sasol Limited operates as an integrated chemical and energy company in South Africa. The company operates through Mining, Exploration and Production International, Energy, Base Chemicals, and Performance Chemicals segments. It operates coal mines; and develops and manages upstream interests in oil and gas exploration and production in Mozambique, South Africa, Australia, Canada, Gabon, and Australia.

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