Sasol (NYSE:SSL) Lowered to “Equal Weight” Rating by Morgan Stanley

Morgan Stanley lowered shares of Sasol (NYSE:SSL) from an overweight rating to an equal weight rating in a report issued on Monday, MarketBeat Ratings reports.

Separately, Wall Street Zen upgraded shares of Sasol from a “buy” rating to a “strong-buy” rating in a report on Sunday, September 7th. Two investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company presently has a consensus rating of “Hold”.

Sasol Stock Performance

NYSE:SSL opened at $6.23 on Monday. The stock has a market cap of $4.04 billion, a P/E ratio of 2.74, a price-to-earnings-growth ratio of 0.36 and a beta of 0.80. The firm’s fifty day simple moving average is $5.96 and its 200 day simple moving average is $4.83. Sasol has a twelve month low of $2.78 and a twelve month high of $7.34. The company has a quick ratio of 1.27, a current ratio of 1.87 and a debt-to-equity ratio of 0.66.

Institutional Trading of Sasol

Hedge funds have recently modified their holdings of the business. Jane Street Group LLC boosted its holdings in shares of Sasol by 962.5% during the 4th quarter. Jane Street Group LLC now owns 117,288 shares of the oil and gas company’s stock valued at $535,000 after buying an additional 106,249 shares in the last quarter. American Century Companies Inc. raised its position in shares of Sasol by 7.6% in the 1st quarter. American Century Companies Inc. now owns 709,675 shares of the oil and gas company’s stock worth $3,002,000 after purchasing an additional 50,412 shares during the last quarter. Two Sigma Investments LP raised its position in shares of Sasol by 100.7% in the 4th quarter. Two Sigma Investments LP now owns 1,054,238 shares of the oil and gas company’s stock worth $4,807,000 after purchasing an additional 528,860 shares during the last quarter. Two Sigma Advisers LP raised its position in shares of Sasol by 108.8% in the 4th quarter. Two Sigma Advisers LP now owns 610,200 shares of the oil and gas company’s stock worth $2,783,000 after purchasing an additional 317,900 shares during the last quarter. Finally, Millennium Management LLC raised its position in shares of 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 worth $3,764,000 after purchasing an additional 792,450 shares during the last quarter. Institutional investors own 1.21% of the company’s stock.

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.