Sasol (NYSE:SSL) Upgraded at Zacks Research

Zacks Research upgraded shares of Sasol (NYSE:SSL) from a strong sell rating to a hold rating in a report issued on Thursday morning,Zacks.com reports.

SSL has been the topic of several other research reports. Wall Street Zen raised shares of Sasol from a “buy” rating to a “strong-buy” rating in a research note on Friday. JPMorgan Chase & Co. reiterated an “underweight” rating on shares of Sasol in a report on Friday, January 16th. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of Sasol in a research note on Wednesday. Three equities research analysts have rated the stock with a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Reduce”.

Sasol Price Performance

Shares of SSL stock opened at $7.49 on Thursday. Sasol has a 12-month low of $2.78 and a 12-month high of $7.54. 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 business has a 50 day simple moving average of $6.54 and a 200 day simple moving average of $6.21.

Institutional Investors Weigh In On Sasol

Large investors have recently modified their holdings of the stock. SG Americas Securities LLC grew its position in Sasol by 240.6% during the 3rd quarter. SG Americas Securities LLC now owns 261,467 shares of the oil and gas company’s stock worth $1,626,000 after purchasing an additional 184,704 shares in the last quarter. ABC Arbitrage SA purchased a new stake in shares of Sasol in the second quarter valued at $833,000. Creative Planning boosted its position in shares of Sasol by 157.0% in the second quarter. Creative Planning now owns 246,324 shares of the oil and gas company’s stock worth $1,089,000 after buying an additional 150,491 shares during the period. American Century Companies Inc. grew its holdings in shares of Sasol by 25.5% during the second quarter. American Century Companies Inc. now owns 890,502 shares of the oil and gas company’s stock valued at $3,936,000 after buying an additional 180,827 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. raised its position 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 valued at $3,392,000 after buying an additional 81,769 shares during the period. 1.21% of the stock is owned by institutional investors.

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.