Sasol (NYSE:SSL) Rating Increased to Strong-Buy at Wall Street Zen

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

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

Sasol Stock Performance

SSL stock opened at $7.37 on Friday. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.87 and a quick ratio of 1.27. The company’s 50-day moving average price is $6.63 and its 200 day moving average price is $6.36. Sasol has a 52 week low of $2.78 and a 52 week high of $7.66.

Institutional Investors Weigh In On Sasol

Hedge funds have recently made changes to their positions in the business. PNC Financial Services Group Inc. boosted its holdings in shares of Sasol by 25.8% in the 4th quarter. PNC Financial Services Group Inc. now owns 20,857 shares of the oil and gas company’s stock valued at $136,000 after purchasing an additional 4,278 shares during the last quarter. Advisors Preferred LLC purchased a new position in Sasol in the 4th quarter worth approximately $117,000. Pekin Hardy Strauss Inc. acquired a new stake in Sasol during the 4th quarter valued at $189,000. UBS Group AG increased its stake in Sasol by 52.0% during the 4th quarter. UBS Group AG now owns 835,052 shares of the oil and gas company’s stock worth $5,436,000 after buying an additional 285,807 shares during the period. Finally, PDS Planning Inc lifted its holdings in Sasol by 15.3% in the 4th quarter. PDS Planning Inc now owns 14,269 shares of the oil and gas company’s stock worth $93,000 after buying an additional 1,893 shares in the last quarter. Institutional investors and hedge funds own 1.21% of the company’s stock.

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.