Sasol (NYSE:SSL) Downgraded to Hold Rating by Wall Street Zen

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

SSL has been the subject of several other reports. Zacks Research raised Sasol from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 23rd. The Goldman Sachs Group cut Sasol from a “buy” rating to a “neutral” rating in a research note on Monday, February 9th. Weiss Ratings reissued a “sell (d+)” rating on shares of Sasol in a research report on Wednesday, January 21st. Finally, JPMorgan Chase & Co. reissued an “underweight” rating on shares of Sasol in a research report on Friday, January 16th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold”.

Sasol Price Performance

NYSE SSL opened at $8.92 on Friday. The company has a quick ratio of 1.27, a current ratio of 1.66 and a debt-to-equity ratio of 0.53. The stock has a 50-day moving average of $7.20 and a two-hundred day moving average of $6.67. Sasol has a 1-year low of $2.78 and a 1-year high of $9.17.

Hedge Funds Weigh In On Sasol

A number of large investors have recently made changes to their positions in the stock. Atlas Capital Advisors Inc. acquired a new position in shares of Sasol during the 4th quarter worth $35,000. Caitong International Asset Management Co. Ltd lifted its holdings in shares of Sasol by 232.5% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 5,606 shares of the oil and gas company’s stock valued at $36,000 after purchasing an additional 3,920 shares in the last quarter. GAMMA Investing LLC increased its stake in shares of Sasol by 107.9% during the 3rd 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. EverSource Wealth Advisors LLC increased its stake in shares of Sasol by 347.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 8,960 shares of the oil and gas company’s stock worth $40,000 after purchasing an additional 6,957 shares in the last quarter. Finally, EP Wealth Advisors LLC acquired a new position in shares of Sasol during the 4th quarter worth approximately $66,000. Hedge funds and other institutional investors own 1.21% of the company’s stock.

Sasol Company Profile

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.