Sasol (NYSE:SSL) Upgraded at Zacks Research

Zacks Research upgraded shares of Sasol (NYSE:SSL) from a hold rating to a strong-buy rating in a research note released on Monday morning,Zacks.com reports.

SSL has been the topic of a number of other reports. The Goldman Sachs Group downgraded shares of Sasol from a “buy” rating to a “neutral” rating in a report on Monday, February 9th. JPMorgan Chase & Co. restated an “underweight” rating on shares of Sasol in a research report on Friday, January 16th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Sasol in a report on Wednesday, January 21st. Finally, Wall Street Zen downgraded Sasol from a “strong-buy” rating to a “buy” rating in a research report on Monday, February 16th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold”.

Sasol Stock Performance

Shares of Sasol stock opened at $8.51 on Monday. Sasol has a 1-year low of $2.78 and a 1-year high of $8.97. The company’s fifty day simple moving average is $7.11 and its 200-day simple moving average is $6.63. The company has a current ratio of 1.66, a quick ratio of 1.27 and a debt-to-equity ratio of 0.53.

Hedge Funds Weigh In On Sasol

Several large investors have recently bought and sold shares of SSL. Atlas Capital Advisors Inc. acquired a new stake in Sasol in the fourth quarter valued at $35,000. Caitong International Asset Management Co. Ltd lifted its stake in Sasol by 232.5% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 5,606 shares of the oil and gas company’s stock worth $36,000 after purchasing an additional 3,920 shares during the last quarter. EverSource Wealth Advisors LLC increased its stake in Sasol by 347.3% in the second 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 last quarter. Sivia Capital Partners LLC acquired a new stake in Sasol during the second quarter worth approximately $52,000. Finally, GAMMA Investing LLC raised its holdings in Sasol by 107.9% during the third quarter. GAMMA Investing LLC now owns 8,637 shares of the oil and gas company’s stock worth $54,000 after purchasing an additional 4,482 shares in the last quarter. Hedge funds and other institutional investors 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.