Sasol (NYSE:SSL) Raised to “Buy” at Wall Street Zen

Sasol (NYSE:SSL) was upgraded by equities researchers at Wall Street Zen from a “hold” rating to a “buy” rating in a report released on Saturday.

A number of other analysts also recently weighed in on SSL. JPMorgan Chase & Co. restated an “underweight” rating on shares of Sasol in a report on Friday, January 16th. Zacks Research upgraded Sasol from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 23rd. UBS Group cut Sasol from a “buy” rating to a “neutral” rating in a research note on Thursday, March 5th. The Goldman Sachs Group downgraded Sasol from a “buy” rating to a “neutral” rating in a research report on Monday, February 9th. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Sasol in a research note on Wednesday, January 21st. 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. Based on data from MarketBeat.com, Sasol has a consensus rating of “Hold”.

Sasol Stock Performance

SSL stock opened at $11.31 on Friday. The company has a fifty day moving average price of $7.80 and a 200-day moving average price of $6.91. The company has a quick ratio of 1.09, a current ratio of 1.66 and a debt-to-equity ratio of 0.53. Sasol has a 52-week low of $2.78 and a 52-week high of $11.51.

Institutional Trading of Sasol

Institutional investors have recently bought and sold shares of the company. Millennium Management LLC grew its holdings in Sasol by 75.7% during the 1st quarter. Millennium Management LLC now owns 1,450,355 shares of the oil and gas company’s stock worth $6,135,000 after acquiring an additional 624,911 shares during the period. Jane Street Group LLC lifted its stake in shares of Sasol by 31.9% in the 1st quarter. Jane Street Group LLC now owns 154,700 shares of the oil and gas company’s stock valued at $654,000 after purchasing an additional 37,412 shares during the period. Sivia Capital Partners LLC bought a new stake in shares of Sasol during the 2nd quarter valued at about $52,000. Savant Capital LLC bought a new stake in shares of Sasol during the 2nd quarter valued at about $160,000. Finally, Connor Clark & Lunn Investment Management Ltd. grew its stake in Sasol by 11.9% during the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 767,312 shares of the oil and gas company’s stock worth $3,392,000 after purchasing an additional 81,769 shares during the period. 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.