Sasol (NYSE:SSL) Stock Rating Upgraded by Wall Street Zen

Sasol (NYSE:SSL) was upgraded by stock analysts at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a research report issued on Friday.

Several other equities research analysts have also weighed in on SSL. Zacks Research lowered shares of Sasol from a “hold” rating to a “strong sell” rating in a report on Tuesday, November 25th. JPMorgan Chase & Co. restated an “underweight” rating on shares of Sasol in a research report on Friday, January 16th. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of Sasol in a report on Wednesday. Three investment analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Reduce”.

Sasol Stock Up 6.2%

Shares of NYSE:SSL opened at $7.49 on Friday. The firm’s 50 day simple moving average is $6.54 and its 200 day simple moving average is $6.21. Sasol has a fifty-two week low of $2.78 and a fifty-two week high of $7.54. The company has a current ratio of 1.87, a quick ratio of 1.27 and a debt-to-equity ratio of 0.66.

Institutional Trading of Sasol

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. GAMMA Investing LLC grew its position in shares of Sasol by 107.9% in the third quarter. GAMMA Investing LLC now owns 8,637 shares of the oil and gas company’s stock valued at $54,000 after purchasing an additional 4,482 shares during the last quarter. EverSource Wealth Advisors LLC boosted its stake 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 purchasing an additional 6,957 shares during the period. Brevan Howard Capital Management LP bought a new stake in Sasol in the 3rd quarter valued at $63,000. Centiva Capital LP acquired a new position in Sasol in the 3rd quarter valued at $67,000. Finally, Sivia Capital Partners LLC bought a new position in Sasol during the 2nd quarter worth $52,000. 1.21% of the stock is currently owned by institutional investors and hedge funds.

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.