Sasol (NYSE:SSL) Hits New 1-Year Low at $23.86

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

Several equities research analysts have weighed in on the stock. ValuEngine upgraded shares of Ultrapar Participacoes from a “strong sell” rating to a “sell” rating in a report on Tuesday, June 4th. Macquarie lowered shares of Sasol from an “outperform” rating to a “neutral” rating in a report on Wednesday, May 22nd. HSBC set a €9.00 ($10.47) target price on shares of Schaeffler and gave the stock a “buy” rating in a report on Wednesday, May 22nd. JPMorgan Chase & Co. cut their target price on shares of National Grid from GBX 1,000 ($13.07) to GBX 960 ($12.54) and set an “overweight” rating on the stock in a report on Thursday, May 23rd. Finally, Zacks Investment Research upgraded shares of Booz Allen Hamilton from a “hold” rating to a “buy” rating and set a $71.00 target price on the stock in a report on Friday, June 28th. Two analysts have rated the stock with a sell rating and six have given a hold rating to the company. The stock has an average rating of “Hold” and an average 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 company has a fifty day simple moving average of $24.86. The company has a market cap of $15.91 billion, a price-to-earnings ratio of 11.28, a price-to-earnings-growth ratio of 2.00 and a beta of 0.98.

Large investors have recently modified their holdings of the stock. CWM LLC raised its holdings in shares of Sasol by 1,612.5% during the first quarter. CWM LLC now owns 1,233 shares of the oil and gas company’s stock worth $38,000 after acquiring an additional 1,161 shares during the period. Quantamental Technologies LLC acquired a new stake in shares of Sasol during the first quarter worth $46,000. NumerixS Investment Technologies Inc raised its holdings in shares of Sasol by 112.5% during the fourth quarter. NumerixS Investment Technologies Inc now owns 1,700 shares of the oil and gas company’s stock worth $50,000 after acquiring an additional 900 shares during the period. O Shaughnessy Asset Management LLC acquired a new stake in shares of Sasol during the first quarter worth $83,000. Finally, BNP Paribas Arbitrage SA raised its holdings in shares of Sasol by 174.9% during the first quarter. BNP Paribas Arbitrage SA now owns 3,104 shares of the oil and gas company’s stock worth $96,000 after acquiring an additional 1,975 shares during the period. Institutional investors and hedge funds own 2.02% of the company’s stock.

Sasol Company Profile (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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