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

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

Other analysts have also issued reports about the stock. Zacks Research upgraded shares of Sasol from a “strong sell” rating to a “hold” rating in a report on Thursday, January 22nd. Weiss Ratings reiterated a “sell (d+)” rating on shares of Sasol in a report on Wednesday, January 21st. Finally, JPMorgan Chase & Co. restated an “underweight” rating on shares of Sasol in a research note on Friday, January 16th. Three equities research analysts have rated the stock with a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Reduce”.

Sasol Stock Down 4.7%

NYSE:SSL opened at $7.13 on Friday. The company has a 50-day moving average price of $6.56 and a 200-day moving average price of $6.28. Sasol has a 12 month low of $2.78 and a 12 month high of $7.66. The company has a quick ratio of 1.27, a current ratio of 1.87 and a debt-to-equity ratio of 0.66.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in SSL. EverSource Wealth Advisors LLC boosted 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 acquiring an additional 6,957 shares in the last quarter. Sivia Capital Partners LLC purchased a new position in shares of Sasol in the 2nd quarter worth about $52,000. GAMMA Investing LLC boosted its stake in Sasol by 107.9% in the 3rd 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. Brevan Howard Capital Management LP purchased a new stake in Sasol during the 3rd quarter valued at about $63,000. Finally, Centiva Capital LP bought a new stake in Sasol during the 3rd quarter valued at about $67,000. Hedge funds and other 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.