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

Wall Street Zen lowered shares of Sasol (NYSE:SSL) from a strong-buy rating to a buy rating in a research report released on Monday.

SSL has been the subject of several other research reports. Zacks Research upgraded shares of Sasol from a “strong sell” rating to a “hold” rating in a research note on Thursday, January 22nd. The Goldman Sachs Group downgraded Sasol from a “buy” rating to a “neutral” rating in a research note on Monday, February 9th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Sasol in a report on Wednesday, January 21st. Finally, JPMorgan Chase & Co. reissued an “underweight” rating on shares of Sasol in a report on Friday, January 16th. Three equities research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Reduce”.

Sasol Stock Performance

NYSE:SSL opened at $8.10 on Monday. Sasol has a 12-month low of $2.78 and a 12-month high of $8.13. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.87 and a quick ratio of 1.27. The stock’s 50 day simple moving average is $6.86 and its 200-day simple moving average is $6.50.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. SG Americas Securities LLC raised its position in shares of Sasol by 240.6% during the 3rd quarter. SG Americas Securities LLC now owns 261,467 shares of the oil and gas company’s stock worth $1,626,000 after purchasing an additional 184,704 shares during the last quarter. ABC Arbitrage SA purchased a new position in Sasol during the second quarter worth $833,000. Creative Planning increased its position in Sasol by 157.0% during the second quarter. Creative Planning now owns 246,324 shares of the oil and gas company’s stock worth $1,089,000 after buying an additional 150,491 shares in the last quarter. American Century Companies Inc. raised its holdings in shares of Sasol by 25.5% in the second quarter. American Century Companies Inc. now owns 890,502 shares of the oil and gas company’s stock worth $3,936,000 after acquiring an additional 180,827 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its position in shares of Sasol by 11.9% in the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 767,312 shares of the oil and gas company’s stock valued at $3,392,000 after acquiring an additional 81,769 shares in the last quarter. Institutional investors and hedge funds 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.