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

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

Several other analysts also recently issued reports on SSL. Morgan Stanley downgraded Sasol from an “overweight” rating to an “equal weight” rating in a research note on Monday, September 22nd. Weiss Ratings reissued a “sell (d+)” rating on shares of Sasol in a research note on Saturday, September 27th. Two analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Sasol currently has a consensus rating of “Reduce”.

Sasol Stock Up 0.6%

Shares of SSL opened at $6.19 on Friday. The business’s 50 day moving average is $6.15 and its 200 day moving average is $4.94. The company has a market capitalization of $4.02 billion, a PE ratio of 2.72, a price-to-earnings-growth ratio of 0.33 and a beta of 0.78. Sasol has a 12-month low of $2.78 and a 12-month high of $7.34. 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

Large investors have recently added to or reduced their stakes in the company. American Century Companies Inc. increased its stake in 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 acquiring an additional 50,412 shares during the last quarter. Blue Trust Inc. increased its stake in Sasol by 24.9% in the 1st quarter. Blue Trust Inc. now owns 17,229 shares of the oil and gas company’s stock worth $73,000 after acquiring an additional 3,433 shares during the last quarter. XTX Topco Ltd increased its stake in Sasol by 549.7% in the 1st quarter. XTX Topco Ltd now owns 101,974 shares of the oil and gas company’s stock worth $431,000 after acquiring an additional 86,279 shares during the last quarter. Trexquant Investment LP increased its stake in Sasol by 368.2% in the 1st quarter. Trexquant Investment LP now owns 437,517 shares of the oil and gas company’s stock worth $1,851,000 after acquiring an additional 344,066 shares during the last quarter. Finally, Cerity Partners LLC increased its stake in Sasol by 102.7% in the 1st quarter. Cerity Partners LLC now owns 57,362 shares of the oil and gas company’s stock worth $243,000 after acquiring an additional 29,063 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.