Sasol (NYSE:SSL) Rating Lowered to “Buy” at Wall Street Zen

Sasol (NYSE:SSL) was downgraded by investment analysts at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a note issued to investors on Saturday.

Other equities analysts have also issued research reports about the stock. JPMorgan Chase & Co. restated an “underweight” rating on shares of Sasol in a research report on Friday, January 16th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Sasol in a research note on Wednesday, January 21st. Finally, Zacks Research upgraded Sasol from a “strong sell” rating to a “hold” rating in a research report on Thursday, January 22nd. Three investment analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, Sasol has a consensus rating of “Reduce”.

Sasol Price Performance

SSL stock opened at $7.13 on Friday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.27 and a current ratio of 1.87. Sasol has a 1-year low of $2.78 and a 1-year high of $7.66. The business has a 50 day simple moving average of $6.56 and a two-hundred day simple moving average of $6.29.

Institutional Investors Weigh In On Sasol

Several large investors have recently added to or reduced their stakes in SSL. SG Americas Securities LLC raised its holdings in Sasol by 240.6% during the 3rd quarter. SG Americas Securities LLC now owns 261,467 shares of the oil and gas company’s stock valued at $1,626,000 after buying an additional 184,704 shares during the period. ABC Arbitrage SA purchased a new position in Sasol during the second quarter worth $833,000. Creative Planning increased its position in Sasol by 157.0% during the second quarter. Creative Planning now owns 246,324 shares of the oil and gas company’s stock valued at $1,089,000 after acquiring an additional 150,491 shares during the last quarter. American Century Companies Inc. raised its stake in shares of Sasol by 25.5% in the second quarter. American Century Companies Inc. now owns 890,502 shares of the oil and gas company’s stock valued at $3,936,000 after acquiring an additional 180,827 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of Sasol by 11.9% in the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 767,312 shares of the oil and gas company’s stock worth $3,392,000 after acquiring an additional 81,769 shares during the last quarter. 1.21% of the stock is owned by institutional investors.

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.