A number of other equities analysts have also issued reports on the company. Macquarie lowered Sasol from an “outperform” rating to a “neutral” rating in a research note on Friday. Zacks Investment Research lowered Sasol from a “buy” rating to a “sell” rating in a research note on Wednesday, January 30th. Finally, TD Securities reissued an “average” rating and set a $7.50 price objective on shares of Sasol in a research note on Thursday, November 15th. One research analyst has rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the company’s stock. Sasol currently has an average rating of “Hold” and a consensus target price of $20.75.
Shares of NYSE SSL opened at $28.79 on Monday. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.36 and a quick ratio of 0.87. The firm has a market cap of $18.75 billion, a price-to-earnings ratio of 13.91, a PEG ratio of 1.25 and a beta of 0.84. Sasol has a 1 year low of $27.40 and a 1 year high of $39.73.
Large investors have recently made changes to their positions in the stock. Bamco Inc. NY boosted its holdings in Sasol by 7.3% during the third quarter. Bamco Inc. NY now owns 764,281 shares of the oil and gas company’s stock worth $29,532,000 after purchasing an additional 52,300 shares during the last quarter. Aperio Group LLC raised its position in Sasol by 10.7% in the third quarter. Aperio Group LLC now owns 387,515 shares of the oil and gas company’s stock worth $14,974,000 after acquiring an additional 37,578 shares during the period. ARGA Investment Management LP raised its position in Sasol by 4.9% in the fourth quarter. ARGA Investment Management LP now owns 294,441 shares of the oil and gas company’s stock worth $8,624,000 after acquiring an additional 13,650 shares during the period. Bank of America Corp DE raised its position in Sasol by 7.8% in the second quarter. Bank of America Corp DE now owns 177,740 shares of the oil and gas company’s stock worth $6,495,000 after acquiring an additional 12,836 shares during the period. Finally, Millennium Management LLC bought a new stake in Sasol in the second quarter worth about $5,652,000. Institutional investors and hedge funds own 2.19% of the company’s stock.
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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