Sasol (NYSE:SSL) Upgraded by Wall Street Zen to “Strong-Buy” Rating

Wall Street Zen upgraded shares of Sasol (NYSE:SSL) from a hold rating to a strong-buy rating in a research report released on Saturday,Wall Street Zen reports.

Several other research firms have also weighed in on SSL. Investec assumed coverage on shares of Sasol in a research note on Wednesday, June 17th. They issued a “sell” rating for the company. Zacks Research raised shares of Sasol from a “strong sell” rating to a “hold” rating in a research note on Monday, August 31st. JPMorgan Chase & Co. restated a “neutral” rating on shares of Sasol in a report on Monday, June 15th. UBS Group upgraded shares of Sasol from a “neutral” rating to a “buy” rating in a report on Thursday, June 4th. Finally, Weiss Ratings raised shares of Sasol from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday. One equities research analyst has rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold”.

Sasol Stock Down 0.5%

SSL opened at $12.29 on Friday. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.79 and a quick ratio of 1.09. Sasol has a fifty-two week low of $5.24 and a fifty-two week high of $14.36. The company’s 50 day moving average price is $11.27 and its two-hundred day moving average price is $11.64.

Sasol (NYSE:SSL) last released its earnings results on Friday, August 14th. The oil and gas company reported $0.56 earnings per share for the quarter. The firm had revenue of $4.61 billion for the quarter. As a group, sell-side analysts anticipate that Sasol will post 1.65 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. Atlas Capital Advisors Inc. acquired a new position in shares of Sasol during the fourth quarter valued at about $35,000. Caitong International Asset Management Co. Ltd raised its holdings in shares of Sasol by 232.5% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 5,606 shares of the oil and gas company’s stock worth $36,000 after acquiring an additional 3,920 shares during the last quarter. EverSource Wealth Advisors LLC lifted its position in Sasol by 347.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 8,960 shares of the oil and gas company’s stock valued at $40,000 after acquiring an additional 6,957 shares in the last quarter. Sivia Capital Partners LLC bought a new position in Sasol in the 2nd quarter valued at about $52,000. Finally, Brevan Howard Capital Management LP acquired a new position in Sasol during the 3rd quarter valued at about $63,000. 1.21% of the stock is owned by institutional investors.

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.