Zacks Investment Research cut shares of Sasol (NYSE:SSL) from a buy rating to a hold rating in a research report sent to investors on Tuesday, March 20th.
According to Zacks, “Sasol Limited is engaged in the mining and processing of coal. It also produces chemicals, explores for and refines crude oil, and manufactures fertilizers and explosives. In addition, it converts coal to petrochemicals products, such as diesel fuels and gasoline. “
Other equities research analysts have also issued research reports about the company. Citigroup raised Sasol from a neutral rating to a buy rating in a research note on Wednesday, February 28th. ValuEngine lowered Sasol from a buy rating to a hold rating in a research note on Wednesday, March 7th. Finally, JPMorgan Chase raised Sasol from a neutral rating to an overweight rating in a research note on Tuesday, February 13th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company has a consensus rating of Buy and a consensus target price of $34.00.
Shares of SSL traded down $0.03 on Tuesday, reaching $35.51. The stock had a trading volume of 112,546 shares, compared to its average volume of 260,575. The stock has a market cap of $23,145.52, a P/E ratio of 13.76, a P/E/G ratio of 10.02 and a beta of 0.90. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.56 and a quick ratio of 1.03. Sasol has a twelve month low of $26.92 and a twelve month high of $38.75.
The company also recently announced a special dividend, which was paid on Thursday, March 29th. Investors of record on Friday, March 16th were given a $0.4268 dividend. This is a positive change from Sasol’s previous special dividend of $0.08. This represents a dividend yield of 3.56%. The ex-dividend date was Thursday, March 15th. Sasol’s dividend payout ratio (DPR) is 24.03%.
Several institutional investors and hedge funds have recently modified their holdings of SSL. SG Americas Securities LLC purchased a new position in shares of Sasol in the 4th quarter worth $160,000. Advisor Group Inc. increased its holdings in Sasol by 79.9% in the 3rd quarter. Advisor Group Inc. now owns 7,074 shares of the oil and gas company’s stock valued at $195,000 after purchasing an additional 3,142 shares in the last quarter. KCS Wealth Advisory acquired a new stake in Sasol in the 4th quarter valued at $210,000. BNP Paribas Arbitrage SA increased its holdings in Sasol by 105.4% in the 3rd quarter. BNP Paribas Arbitrage SA now owns 7,676 shares of the oil and gas company’s stock valued at $211,000 after purchasing an additional 3,939 shares in the last quarter. Finally, Jane Street Group LLC acquired a new stake in Sasol in the 3rd quarter valued at $219,000. 2.10% of the stock is currently owned by institutional investors and hedge funds.
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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.
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