Sasol (NYSE:SSL) Cut to Neutral at UBS Group

UBS Group cut shares of Sasol (NYSE:SSL) from a buy rating to a neutral rating in a research note published on Thursday morning, Marketbeat Ratings reports.

Several other equities analysts have also recently issued reports on SSL. Wall Street Zen cut Sasol from a “buy” rating to a “hold” rating in a report on Saturday, February 28th. Zacks Research raised Sasol from a “hold” rating to a “strong-buy” rating in a report on Monday, February 23rd. Weiss Ratings restated a “sell (d+)” rating on shares of Sasol in a research report on Wednesday, January 21st. JPMorgan Chase & Co. reiterated an “underweight” rating on shares of Sasol in a research report on Friday, January 16th. Finally, The Goldman Sachs Group downgraded shares of Sasol from a “buy” rating to a “neutral” rating in a research note on Monday, February 9th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold”.

Sasol Stock Up 4.1%

NYSE SSL opened at $8.95 on Thursday. Sasol has a 52 week low of $2.78 and a 52 week high of $9.35. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.66 and a quick ratio of 1.09. The stock has a fifty day moving average of $7.44 and a 200-day moving average of $6.78.

Institutional Trading of Sasol

A number of hedge funds have recently modified their holdings of SSL. Atlas Capital Advisors Inc. acquired a new position in Sasol during the fourth quarter valued at approximately $35,000. Caitong International Asset Management Co. Ltd increased its stake in 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. EverSource Wealth Advisors LLC raised its holdings 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 worth $40,000 after purchasing an additional 6,957 shares during the period. Sivia Capital Partners LLC acquired a new stake in Sasol in the second quarter worth $52,000. Finally, GAMMA Investing LLC boosted its position in shares of 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. 1.21% of the stock is currently owned by institutional investors and hedge funds.

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.