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

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

Sasol Price Performance

Sasol stock opened at $6.74 on Friday. The stock has a market cap of $4.37 billion, a price-to-earnings ratio of 2.97, a price-to-earnings-growth ratio of 0.23 and a beta of 0.76. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.84 and a quick ratio of 1.16. Sasol has a 1 year low of $2.78 and a 1 year high of $8.12. The firm has a 50-day moving average of $5.32 and a two-hundred day moving average of $4.55.

Institutional Investors Weigh In On Sasol

Several large investors have recently added to or reduced their stakes in SSL. Millennium Management LLC boosted its position in Sasol by 2,401.8% in the 4th quarter. Millennium Management LLC now owns 825,444 shares of the oil and gas company’s stock valued at $3,764,000 after buying an additional 792,450 shares during the period. Two Sigma Investments LP increased its position in Sasol by 100.7% during the 4th quarter. Two Sigma Investments LP now owns 1,054,238 shares of the oil and gas company’s stock valued at $4,807,000 after purchasing an additional 528,860 shares during the period. Bank of America Corp DE increased its position in Sasol by 206.2% during the 2nd quarter. Bank of America Corp DE now owns 537,250 shares of the oil and gas company’s stock valued at $2,375,000 after purchasing an additional 361,777 shares during the period. Trexquant Investment LP increased its position in Sasol by 368.2% during the 1st quarter. Trexquant Investment LP now owns 437,517 shares of the oil and gas company’s stock valued at $1,851,000 after purchasing an additional 344,066 shares during the period. Finally, Two Sigma Advisers LP increased its position in Sasol by 108.8% during the 4th quarter. Two Sigma Advisers LP now owns 610,200 shares of the oil and gas company’s stock valued at $2,783,000 after purchasing an additional 317,900 shares during the period. 1.21% of the stock is owned by hedge funds and other institutional investors.

Sasol Company Profile

Sasol Limited operates as a chemical and energy company in South Africa and internationally. It offers alumina, such as battery materials, catalyst supports, abrasives and polishing, and polymer additives; cobalt fischer-tropsch catalysts; carbon-based and recarburiser products; graphite electrodes; and mono-ethylene glycol and chlor-alkali products, monomers, mining chemicals and reagents, blends and hydrocarbons, methanol products, polymers, phenolics, and fertilizers.