Sasol (NYSE:SSL) Stock Rating Upgraded by UBS Group

Sasol (NYSE:SSL) was upgraded by equities researchers at UBS Group from a “neutral” rating to a “buy” rating in a report released on Thursday, Marketbeat.com reports.

A number of other analysts also recently weighed in on SSL. Zacks Research raised shares of Sasol from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 5th. Wall Street Zen upgraded shares of Sasol from a “hold” rating to a “buy” rating in a research note on Saturday, March 14th. The Goldman Sachs Group downgraded shares of Sasol from a “buy” rating to a “neutral” rating in a research note on Monday, February 9th. Finally, Weiss Ratings upgraded shares of Sasol from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, May 18th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold”.

Sasol Stock Performance

NYSE SSL traded up $0.10 during trading on Thursday, reaching $13.29. The company’s stock had a trading volume of 1,333,056 shares, compared to its average volume of 2,247,723. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.09 and a current ratio of 1.66. Sasol has a 12 month low of $4.30 and a 12 month high of $14.36. The firm has a 50 day moving average price of $12.97 and a 200 day moving average price of $9.47.

Insider Transactions at Sasol

In other Sasol news, EVP Sarushen Dhanapalan Pillay sold 2,182 shares of the business’s stock in a transaction on Monday, May 11th. The shares were sold at an average price of $13.14, for a total transaction of $28,671.48. Following the completion of the sale, the executive vice president owned 16,313 shares in the company, valued at approximately $214,352.82. The trade was a 11.80% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.00% of the stock is currently owned by corporate insiders.

Institutional Trading of Sasol

Hedge funds and other institutional investors have recently bought and sold shares of the business. JPMorgan Chase & Co. grew its stake in shares of Sasol by 1,627.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,025,934 shares of the oil and gas company’s stock worth $6,381,000 after acquiring an additional 966,539 shares in the last quarter. UBS Group AG lifted its position in shares of Sasol by 52.0% during the fourth quarter. UBS Group AG now owns 835,052 shares of the oil and gas company’s stock valued at $5,436,000 after purchasing an additional 285,807 shares in the last quarter. Sivia Capital Partners LLC bought a new position in shares of Sasol during the second quarter valued at about $52,000. Ritholtz Wealth Management lifted its position in shares of Sasol by 166.6% during the first quarter. Ritholtz Wealth Management now owns 61,308 shares of the oil and gas company’s stock valued at $795,000 after purchasing an additional 38,312 shares in the last quarter. Finally, Assenagon Asset Management S.A. bought a new position in shares of Sasol during the first quarter valued at about $8,015,000. Institutional investors own 1.21% of the company’s stock.

Sasol Company Profile

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.