Sasol (NYSE:SSL) Rating Increased to Strong-Buy 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 report sent to investors on Friday.

Several other analysts have also commented on the stock. JPMorgan Chase & Co. restated an “underweight” rating on shares of Sasol in a research report on Friday, January 16th. Zacks Research cut Sasol from a “hold” rating to a “strong sell” rating in a report on Tuesday, November 25th. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of Sasol in a research report on Wednesday. Two analysts have rated the stock with a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Sasol has an average rating of “Strong Sell”.

Sasol Trading Up 6.2%

NYSE SSL opened at $7.49 on Friday. Sasol has a fifty-two week low of $2.78 and a fifty-two week high of $7.54. The company has a current ratio of 1.87, a quick ratio of 1.27 and a debt-to-equity ratio of 0.66. The stock has a 50-day simple moving average of $6.54 and a two-hundred day simple moving average of $6.20.

Institutional Trading of Sasol

Several institutional investors have recently made changes to their positions in SSL. EverSource Wealth Advisors LLC grew its position 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 during the period. Sivia Capital Partners LLC acquired a new position in shares of Sasol in the 2nd quarter valued at $52,000. GAMMA Investing LLC grew its holdings in shares of Sasol by 107.9% during 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 during the period. Brevan Howard Capital Management LP acquired a new stake in shares of Sasol during the 3rd quarter worth about $63,000. Finally, Centiva Capital LP purchased a new stake in Sasol in 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.