Sasol (NYSE:SSL) Stock Rating Lowered by Wall Street Zen

Sasol (NYSE:SSL) was downgraded by Wall Street Zen from a “strong-buy” rating to a “buy” rating in a note issued to investors on Monday.

A number of other analysts also recently commented on SSL. Weiss Ratings reissued a “sell (d+)” rating on shares of Sasol in a research note on Wednesday, January 21st. Zacks Research upgraded shares of Sasol from a “strong sell” rating to a “hold” rating in a research report on Thursday, January 22nd. JPMorgan Chase & Co. restated an “underweight” rating on shares of Sasol in a research report on Friday, January 16th. Finally, The Goldman Sachs Group cut shares of Sasol from a “buy” rating to a “neutral” rating in a research note on Monday, February 9th. 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, Sasol presently has an average rating of “Reduce”.

Sasol Stock Up 3.6%

SSL opened at $7.96 on Monday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.27 and a current ratio of 1.87. Sasol has a 1-year low of $2.78 and a 1-year high of $8.13. The business has a 50 day moving average price of $6.75 and a two-hundred day moving average price of $6.44.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. SG Americas Securities LLC lifted its stake in Sasol by 240.6% in 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 acquiring an additional 184,704 shares in the last quarter. ABC Arbitrage SA purchased a new position in Sasol during the 2nd quarter valued at about $833,000. Creative Planning increased its holdings in shares of Sasol by 157.0% in the 2nd quarter. Creative Planning now owns 246,324 shares of the oil and gas company’s stock valued at $1,089,000 after purchasing an additional 150,491 shares during the period. American Century Companies Inc. lifted its position in shares of Sasol by 25.5% in the second quarter. American Century Companies Inc. now owns 890,502 shares of the oil and gas company’s stock worth $3,936,000 after purchasing an additional 180,827 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its holdings in shares of 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. 1.21% of the stock is owned by hedge funds and other institutional investors.

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.