Sasol (SSL) Rating Increased to Overweight at JPMorgan Chase & Co.

Sasol (NYSE:SSL) was upgraded by JPMorgan Chase & Co. from a “neutral” rating to an “overweight” rating in a report released on Tuesday.

A number of other research analysts also recently issued reports on the stock. Zacks Investment Research upgraded shares of Sasol from a “strong sell” rating to a “hold” rating in a research report on Wednesday, November 8th. Citigroup downgraded shares of Sasol from a “buy” rating to a “neutral” rating in a research report on Tuesday, November 28th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $34.00.

Sasol (NYSE:SSL) opened at $33.41 on Tuesday. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.69 and a quick ratio of 1.20. Sasol has a 52-week low of $26.92 and a 52-week high of $38.75.

Institutional investors have recently added to or reduced their stakes in the business. Harding Loevner LP raised its position in shares of Sasol by 2,238.3% in the 3rd quarter. Harding Loevner LP now owns 57,773,363 shares of the oil and gas company’s stock valued at $15,116,000 after acquiring an additional 55,302,648 shares during the period. Arrowstreet Capital Limited Partnership raised its position in shares of Sasol by 100.7% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 921,911 shares of the oil and gas company’s stock valued at $31,539,000 after acquiring an additional 462,483 shares during the period. OLD Mission Capital LLC acquired a new stake in shares of Sasol in the 4th quarter valued at approximately $6,756,000. Bamco Inc. NY raised its position in shares of Sasol by 35.4% in the 4th quarter. Bamco Inc. NY now owns 619,954 shares of the oil and gas company’s stock valued at $21,209,000 after acquiring an additional 162,211 shares during the period. Finally, ARGA Investment Management LP raised its position in shares of Sasol by 151.7% in the 4th quarter. ARGA Investment Management LP now owns 249,200 shares of the oil and gas company’s stock valued at $8,525,000 after acquiring an additional 150,200 shares during the period. Institutional investors own 2.00% of the company’s stock.

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About Sasol

Sasol Limited is an international integrated chemicals and energy company. The Company develops and commercializes technologies, and builds and operates facilities to produce a range of product streams, including liquid fuels, chemicals and low-carbon electricity. The Company’s operating business units include Mining and, Exploration and Production International.

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