Sasol (NYSE:SSL) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Sasol (NYSE:SSL) from a buy rating to a strong-buy rating in a research note issued to investors on Saturday morning.

Several other equities research analysts have also issued reports on SSL. Morgan Stanley lowered Sasol from an “overweight” rating to an “equal weight” rating in a research report on Monday, September 22nd. Weiss Ratings reiterated a “sell (d+)” rating on shares of Sasol in a research note on Wednesday, October 8th. Two research analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Sasol currently has an average rating of “Reduce”.

Sasol Stock Up 3.1%

NYSE:SSL opened at $5.81 on Friday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.27 and a current ratio of 1.87. The company has a market capitalization of $3.77 billion, a price-to-earnings ratio of 2.56, a price-to-earnings-growth ratio of 0.30 and a beta of 0.78. Sasol has a one year low of $2.78 and a one year high of $7.25. The stock has a 50-day simple moving average of $6.25 and a 200 day simple moving average of $5.02.

Institutional Investors Weigh In On Sasol

Several large investors have recently added to or reduced their stakes in SSL. QRG Capital Management Inc. lifted its stake in Sasol by 22.8% in the first quarter. QRG Capital Management Inc. now owns 20,463 shares of the oil and gas company’s stock valued at $87,000 after buying an additional 3,803 shares during the last quarter. Blue Trust Inc. increased its holdings in shares of Sasol by 24.9% in the 1st quarter. Blue Trust Inc. now owns 17,229 shares of the oil and gas company’s stock worth $73,000 after acquiring an additional 3,433 shares during the period. Cerity Partners LLC lifted its position in Sasol by 102.7% in the 1st quarter. Cerity Partners LLC now owns 57,362 shares of the oil and gas company’s stock valued at $243,000 after purchasing an additional 29,063 shares during the last quarter. Private Advisor Group LLC lifted its position in Sasol by 128.8% in the 1st quarter. Private Advisor Group LLC now owns 23,854 shares of the oil and gas company’s stock valued at $101,000 after purchasing an additional 13,428 shares during the last quarter. Finally, XTX Topco Ltd boosted its stake in Sasol by 549.7% during the 1st quarter. XTX Topco Ltd now owns 101,974 shares of the oil and gas company’s stock valued at $431,000 after purchasing an additional 86,279 shares during the period. 1.21% of the stock is owned by institutional investors and hedge funds.

Sasol Company Profile

Sasol Limited operates as a chemical and energy company in South Africa and internationally. It offers alumina, such as battery materials, catalyst supports, abrasives and polishing, and polymer additives; cobalt fischer-tropsch catalysts; carbon-based and recarburiser products; graphite electrodes; and mono-ethylene glycol and chlor-alkali products, monomers, mining chemicals and reagents, blends and hydrocarbons, methanol products, polymers, phenolics, and fertilizers.