Sasol (NYSE:SSL) was upgraded by Macquarie from a “neutral” rating to an “outperform” rating in a research report issued on Thursday.

A number of other research firms have also recently commented on SSL. JPMorgan Chase raised shares of Sasol from a “neutral” rating to an “overweight” rating in a research report on Tuesday, February 13th. UBS raised shares of Sasol from a “sell” rating to a “neutral” rating in a research report on Wednesday, April 4th. Zacks Investment Research cut shares of Sasol from a “buy” rating to a “hold” rating in a research report on Tuesday, March 20th. ValuEngine cut shares of Sasol from a “buy” rating to a “hold” rating in a research report on Wednesday, March 7th. Finally, Citigroup raised shares of Sasol from a “neutral” rating to a “buy” rating in a research report on Wednesday, February 28th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $34.00.

SSL stock opened at $35.37 on Thursday. The company has a quick ratio of 1.03, a current ratio of 1.56 and a debt-to-equity ratio of 0.36. Sasol has a one year low of $26.92 and a one year high of $38.75.

Several institutional investors and hedge funds have recently bought and sold shares of SSL. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Sasol by 100.7% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 921,911 shares of the oil and gas company’s stock worth $31,539,000 after buying an additional 462,483 shares in the last quarter. OLD Mission Capital LLC acquired a new stake in shares of Sasol during the fourth quarter worth $6,756,000. Bamco Inc. NY lifted its holdings in shares of Sasol by 35.4% during the fourth quarter. Bamco Inc. NY now owns 619,954 shares of the oil and gas company’s stock worth $21,209,000 after buying an additional 162,211 shares in the last quarter. ARGA Investment Management LP lifted its holdings in shares of Sasol by 151.7% during the fourth quarter. ARGA Investment Management LP now owns 249,200 shares of the oil and gas company’s stock worth $8,525,000 after buying an additional 150,200 shares in the last quarter. Finally, Jane Street Group LLC lifted its holdings in shares of Sasol by 1,181.0% during the fourth quarter. Jane Street Group LLC now owns 101,940 shares of the oil and gas company’s stock worth $3,487,000 after buying an additional 93,982 shares in the last quarter. 2.10% of the stock is owned by institutional investors.

Sasol Company Profile

Sasol Limited operates as an integrated chemicals and energy company. It operates through Mining, Exploration and Production International, Energy, Base Chemicals, and Performance Chemicals segments. The company operates coal mines; develops and manages upstream interests in oil and gas exploration and production in Mozambique, South Africa, Australia, Canada, and Gabon; and markets commodity and various performance chemicals, such as organics, inorganics and wax value chains, as well as polymers, solvents, and ammonia-based fertilizers.

Analyst Recommendations for Sasol (NYSE:SSL)

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