Sasol (NYSE:SSL) Rating Increased to Strong-Buy at Wall Street Zen

Sasol (NYSE:SSL) was upgraded by analysts at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a research report issued to clients and investors on Saturday.

A number of other research analysts have also recently weighed in on SSL. UBS Group upgraded shares of Sasol from a “neutral” rating to a “buy” rating in a research report on Thursday. Zacks Research upgraded shares of Sasol from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 5th. The Goldman Sachs Group cut shares of Sasol from a “buy” rating to a “neutral” rating in a research report on Monday, February 9th. Finally, Weiss Ratings upgraded shares of Sasol from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, May 18th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold”.

Sasol Trading Up 1.1%

SSL stock opened at $13.44 on Friday. The company has a current ratio of 1.66, a quick ratio of 1.09 and a debt-to-equity ratio of 0.53. Sasol has a twelve month low of $4.30 and a twelve month high of $14.36. The firm’s fifty day simple moving average is $13.00 and its two-hundred day simple moving average is $9.54.

Insider Activity

In other news, EVP Sarushen Dhanapalan Pillay sold 2,182 shares of the business’s stock in a transaction on Monday, May 11th. The shares were sold at an average price of $13.14, for a total transaction of $28,671.48. Following the completion of the sale, the executive vice president directly owned 16,313 shares of the company’s stock, valued at approximately $214,352.82. The trade was a 11.80% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 1.00% of the company’s stock.

Institutional Trading of Sasol

A number of large investors have recently made changes to their positions in SSL. Millennium Management LLC boosted its stake in shares of Sasol by 75.7% during the first quarter. Millennium Management LLC now owns 1,450,355 shares of the oil and gas company’s stock valued at $6,135,000 after purchasing an additional 624,911 shares during the period. Jane Street Group LLC boosted its stake in shares of Sasol by 31.9% during the first 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 purchased a new stake in shares of Sasol during the second quarter valued at $52,000. JPMorgan Chase & Co. lifted its stake in Sasol by 7,082.0% in the second quarter. JPMorgan Chase & Co. now owns 59,395 shares of the oil and gas company’s stock worth $263,000 after acquiring an additional 58,568 shares during the period. Finally, EverSource Wealth Advisors LLC grew its holdings in 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 acquiring an additional 6,957 shares in the last quarter. 1.21% of the stock is owned by hedge funds and other 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.