Sasol (SSL) Upgraded by JPMorgan Chase & Co. to “Overweight”

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

SSL has been the topic of a number of other reports. 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 analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Sasol has a consensus rating of “Buy” and a consensus target price of $34.00.

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

A number of hedge funds and other institutional investors have recently bought and sold shares of SSL. SG Americas Securities LLC bought a new stake in Sasol during the 4th quarter worth approximately $160,000. Advisor Group Inc. increased its stake in Sasol by 79.9% during the 3rd quarter. Advisor Group Inc. now owns 7,074 shares of the oil and gas company’s stock worth $195,000 after purchasing an additional 3,142 shares in the last quarter. Checchi Capital Advisers LLC bought a new stake in Sasol during the 3rd quarter worth approximately $207,000. KCS Wealth Advisory bought a new stake in Sasol during the 4th quarter worth approximately $210,000. Finally, BNP Paribas Arbitrage SA increased its stake in Sasol by 105.4% during the 3rd quarter. BNP Paribas Arbitrage SA now owns 7,676 shares of the oil and gas company’s stock worth $211,000 after purchasing an additional 3,939 shares in the last quarter. 2.00% of the stock is owned by institutional investors and hedge funds.

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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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