Sasol Ltd. (NYSE:SSL) Given Consensus Rating of “Strong Sell” by Analysts

Sasol Ltd. (NYSE:SSL) has been assigned a consensus rating of “Strong Sell” from the five analysts that are currently covering the firm, Marketbeat reports. Three investment analysts have rated the stock with a sell recommendation and two have issued a hold recommendation on the company.

A number of brokerages recently issued reports on SSL. JPMorgan Chase & Co. reiterated an “underweight” rating on shares of Sasol in a research report on Friday, January 16th. Zacks Research lowered Sasol from a “hold” rating to a “strong sell” rating in a research note on Tuesday, November 25th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Sasol in a research report on Wednesday, October 8th. Finally, Wall Street Zen lowered Sasol from a “strong-buy” rating to a “buy” rating in a report on Saturday, November 15th.

Sasol Price Performance

Shares of NYSE:SSL opened at $6.31 on Friday. The firm has a fifty day moving average price of $6.54 and a two-hundred day moving average price of $6.18. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.87 and a quick ratio of 1.27. Sasol has a one year low of $2.78 and a one year high of $7.54.

Hedge Funds Weigh In On Sasol

A number of institutional investors have recently made changes to their positions in the stock. GAMMA Investing LLC increased its stake in Sasol by 107.9% in the third quarter. GAMMA Investing LLC now owns 8,637 shares of the oil and gas company’s stock valued at $54,000 after acquiring an additional 4,482 shares during the last quarter. EverSource Wealth Advisors LLC boosted its holdings in shares of Sasol by 347.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 8,960 shares of the oil and gas company’s stock worth $40,000 after purchasing an additional 6,957 shares in the last quarter. Brevan Howard Capital Management LP purchased a new position in shares of Sasol in the 3rd quarter worth about $63,000. Centiva Capital LP bought a new position in shares of Sasol during the 3rd quarter valued at about $67,000. Finally, Sivia Capital Partners LLC purchased a new position in shares of Sasol during the 2nd quarter valued at about $52,000. Institutional investors own 1.21% of the company’s stock.

Sasol Company Profile

Sasol Limited is an integrated energy and chemical company headquartered in Johannesburg, South Africa. The company’s core operations encompass the conversion of natural gas, coal and heavy hydrocarbons into liquid fuels and a wide array of chemical products. Sasol leverages proprietary Fischer-Tropsch and gas-to-liquids (GTL) technologies to deliver cleaner-burning diesel, jet fuel and naphtha, alongside solvents, surfactants and specialty polymers for industrial and consumer applications.

In addition to its GTL business, Sasol operates downstream facilities for the manufacture of alpha olefins, ethylene, propylene and other base-chemical intermediates.