Sasol (NYSE:SSL) Lowered to Buy Rating by Wall Street Zen

Wall Street Zen cut shares of Sasol (NYSE:SSL) from a strong-buy rating to a buy rating in a research note published on Saturday.

SSL has been the topic of a number of other reports. Weiss Ratings reiterated a “sell (d+)” rating on shares of Sasol in a research note on Wednesday, January 21st. Zacks Research raised Sasol from a “strong sell” rating to a “hold” rating in a research report on Thursday, January 22nd. Finally, JPMorgan Chase & Co. reissued an “underweight” rating on shares of Sasol in a research report on Friday, January 16th. Three analysts have rated the stock with a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Reduce”.

Sasol Trading Down 4.7%

Shares of SSL opened at $7.13 on Friday. The company has a current ratio of 1.87, a quick ratio of 1.27 and a debt-to-equity ratio of 0.66. Sasol has a one year low of $2.78 and a one year high of $7.66. The company’s fifty day moving average price is $6.56 and its 200 day moving average price is $6.28.

Institutional Trading of Sasol

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. EverSource Wealth Advisors LLC lifted its stake in Sasol by 347.3% during the second quarter. EverSource Wealth Advisors LLC now owns 8,960 shares of the oil and gas company’s stock worth $40,000 after purchasing an additional 6,957 shares during the period. Sivia Capital Partners LLC acquired a new position in shares of Sasol in the 2nd quarter worth approximately $52,000. GAMMA Investing LLC lifted its position in shares of Sasol by 107.9% during the 3rd quarter. GAMMA Investing LLC now owns 8,637 shares of the oil and gas company’s stock worth $54,000 after buying an additional 4,482 shares during the period. Brevan Howard Capital Management LP acquired a new stake in Sasol in the 3rd quarter valued at $63,000. Finally, Centiva Capital LP bought a new stake in Sasol in the third quarter valued at $67,000. Institutional investors own 1.21% of the company’s stock.

About Sasol

Sasol Limited is an integrated energy and chemical company headquartered in Johannesburg, South Africa. The company’s core operations encompass the conversion of natural gas, coal and heavy hydrocarbons into liquid fuels and a wide array of chemical products. Sasol leverages proprietary Fischer-Tropsch and gas-to-liquids (GTL) technologies to deliver cleaner-burning diesel, jet fuel and naphtha, alongside solvents, surfactants and specialty polymers for industrial and consumer applications.

In addition to its GTL business, Sasol operates downstream facilities for the manufacture of alpha olefins, ethylene, propylene and other base-chemical intermediates.