Sasol (NYSE:SSL) Upgraded by Wall Street Zen to “Strong-Buy” Rating

Wall Street Zen upgraded shares of Sasol (NYSE:SSL) from a buy rating to a strong-buy rating in a research report report published on Sunday.

A number of other research firms have also issued reports on SSL. JPMorgan Chase & Co. restated an “underweight” rating on shares of Sasol in a report on Friday, January 16th. Zacks Research raised shares of Sasol from a “strong sell” rating to a “hold” rating in a research report on Thursday, January 22nd. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Sasol in a research report on Wednesday, January 21st. Two equities research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, Sasol currently has a consensus rating of “Reduce”.

Sasol Price Performance

Shares of NYSE:SSL opened at $7.37 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. Sasol has a 52-week low of $2.78 and a 52-week high of $7.66. The stock’s fifty day simple moving average is $6.63 and its 200-day simple moving average is $6.36.

Hedge Funds Weigh In On Sasol

A number of large investors have recently bought and sold shares of SSL. Laird Norton Wetherby Wealth Management LLC grew its stake in shares of Sasol by 5.1% during the 3rd quarter. Laird Norton Wetherby Wealth Management LLC now owns 32,723 shares of the oil and gas company’s stock valued at $204,000 after buying an additional 1,593 shares during the period. Ballentine Partners LLC boosted its holdings in Sasol by 8.9% in the third quarter. Ballentine Partners LLC now owns 21,317 shares of the oil and gas company’s stock valued at $133,000 after acquiring an additional 1,745 shares during the last quarter. PDS Planning Inc boosted its holdings in Sasol by 15.3% in the fourth quarter. PDS Planning Inc now owns 14,269 shares of the oil and gas company’s stock valued at $93,000 after acquiring an additional 1,893 shares during the last quarter. QRG Capital Management Inc. lifted its stake in shares of Sasol by 11.3% in the 2nd quarter. QRG Capital Management Inc. now owns 22,781 shares of the oil and gas company’s stock valued at $101,000 after purchasing an additional 2,318 shares in the last quarter. Finally, Integrated Wealth Concepts LLC lifted its stake in shares of Sasol by 3.9% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 62,848 shares of the oil and gas company’s stock valued at $391,000 after purchasing an additional 2,334 shares in the last quarter. Hedge funds and other 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.