Sasol (NYSE:SSL) Reaches New 12-Month Low at $23.86

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Sasol Limited (NYSE:SSL)’s stock price reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $23.86 and last traded at $23.86, with a volume of 713 shares. The stock had previously closed at $24.15.

SSL has been the subject of several recent research reports. ValuEngine raised shares of Ultrapar Participacoes from a “strong sell” rating to a “sell” rating in a research report on Tuesday, June 4th. JPMorgan Chase & Co. dropped their price target on shares of National Grid from GBX 1,000 ($13.07) to GBX 960 ($12.54) and set an “overweight” rating for the company in a research report on Thursday, May 23rd. Zacks Investment Research raised shares of Booz Allen Hamilton from a “hold” rating to a “buy” rating and set a $71.00 price target for the company in a research report on Friday, June 28th. HSBC set a €9.00 ($10.47) price target on shares of Schaeffler and gave the stock a “buy” rating in a research report on Wednesday, May 22nd. Finally, Macquarie lowered shares of Sasol from an “outperform” rating to a “neutral” rating in a research report on Wednesday, May 22nd. Two research analysts have rated the stock with a sell rating and six have issued a hold rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $20.75.

The company has a quick ratio of 0.96, a current ratio of 1.57 and a debt-to-equity ratio of 0.50. The stock has a market capitalization of $15.91 billion, a PE ratio of 11.28, a P/E/G ratio of 2.00 and a beta of 0.98. The business has a 50 day moving average price of $24.86.

A number of institutional investors have recently modified their holdings of SSL. Jane Street Group LLC bought a new stake in Sasol during the fourth quarter worth about $8,571,000. Deutsche Bank AG grew its stake in Sasol by 612.0% during the fourth quarter. Deutsche Bank AG now owns 171,007 shares of the oil and gas company’s stock worth $5,008,000 after buying an additional 146,988 shares during the last quarter. Todd Asset Management LLC bought a new stake in Sasol during the first quarter worth about $2,587,000. OLD Mission Capital LLC grew its stake in Sasol by 946.6% during the fourth quarter. OLD Mission Capital LLC now owns 67,671 shares of the oil and gas company’s stock worth $1,982,000 after buying an additional 61,205 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. grew its stake in Sasol by 377.5% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 67,800 shares of the oil and gas company’s stock worth $1,986,000 after buying an additional 53,600 shares during the last quarter. 2.02% of the stock is currently owned by hedge funds and other institutional investors.

About Sasol (NYSE:SSL)

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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