Sasol (SSL) Downgraded to “Neutral” at Macquarie

Macquarie downgraded shares of Sasol (NYSE:SSL) from an outperform rating to a neutral rating in a research note published on Friday morning, Marketbeat.com reports.

Other equities research analysts have also recently issued research reports about the stock. TD Securities reaffirmed an average rating and set a $7.50 price objective on shares of Sasol in a research note on Thursday, November 15th. Zacks Investment Research raised shares of Sasol from a sell rating to a buy rating and set a $34.00 price objective on the stock in a research note on Tuesday, January 29th. One 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. Sasol currently has a consensus rating of Hold and a consensus price target of $20.75.

Shares of NYSE SSL opened at $28.79 on Friday. The company has a market cap of $18.75 billion, a PE ratio of 13.91, a PEG ratio of 1.25 and a beta of 0.84. Sasol has a 12 month low of $27.40 and a 12 month 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.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Comerica Bank grew its stake in shares of 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 period. Unison Advisors LLC grew its stake in Sasol by 0.9% in the 4th quarter. Unison Advisors LLC now owns 50,318 shares of the oil and gas company’s stock valued at $1,474,000 after acquiring an additional 446 shares during the period. FDx Advisors Inc. grew its stake in Sasol by 7.5% in the 4th quarter. FDx Advisors Inc. now owns 17,723 shares of the oil and gas company’s stock valued at $519,000 after acquiring an additional 1,243 shares during the period. Gilman Hill Asset Management LLC grew its stake in Sasol by 11.7% in the 3rd quarter. Gilman Hill Asset Management LLC now owns 15,790 shares of the oil and gas company’s stock valued at $610,000 after acquiring an additional 1,660 shares during the period. Finally, Pzena Investment Management LLC grew its stake in Sasol by 3.2% in the 4th quarter. Pzena Investment Management LLC now owns 70,186 shares of the oil and gas company’s stock valued at $2,056,000 after acquiring an additional 2,186 shares during the period. 2.19% of the stock is currently owned by institutional investors and hedge funds.

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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Analyst Recommendations for Sasol (NYSE:SSL)

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