Sasol (NYSE:SSL) Cut to Buy at Wall Street Zen

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

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

Sasol Price Performance

SSL opened at $7.06 on Friday. The firm has a 50 day moving average price of $6.57 and a 200-day moving average price of $6.31. Sasol has a twelve month low of $2.78 and a twelve month high of $7.66. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.87 and a quick ratio of 1.27.

Institutional Trading of Sasol

Several hedge funds have recently bought and sold shares of SSL. EverSource Wealth Advisors LLC raised its stake in shares of 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 buying an additional 6,957 shares during the period. Sivia Capital Partners LLC purchased a new stake in Sasol in the 2nd quarter worth approximately $52,000. GAMMA Investing LLC increased its holdings 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 acquiring an additional 4,482 shares in the last quarter. Brevan Howard Capital Management LP bought a new stake in Sasol during the 3rd quarter worth approximately $63,000. Finally, Centiva Capital LP purchased a new position in Sasol during the third quarter valued at approximately $67,000. Institutional investors own 1.21% of the company’s stock.

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.