Sasol (NYSE:SSL) Rating Lowered to Neutral at UBS Group

Sasol (NYSE:SSL) was downgraded by equities researchers at UBS Group from a “buy” rating to a “neutral” rating in a report released on Thursday, Marketbeat reports.

Several other equities research analysts have also recently commented on the stock. The Goldman Sachs Group cut shares of Sasol from a “buy” rating to a “neutral” rating in a research report on Monday, February 9th. Wall Street Zen lowered Sasol from a “buy” rating to a “hold” rating in a report on Saturday, February 28th. JPMorgan Chase & Co. reaffirmed an “underweight” rating on shares of Sasol in a report on Friday, January 16th. Weiss Ratings restated a “sell (d+)” rating on shares of Sasol in a research note on Wednesday, January 21st. Finally, Zacks Research raised shares of Sasol from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 23rd. One research analyst has rated the stock with a Strong Buy rating, three have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, Sasol presently has an average rating of “Hold”.

Sasol Price Performance

Shares of SSL opened at $8.95 on Thursday. The company’s 50 day moving average price is $7.44 and its 200 day moving average price is $6.77. Sasol has a 52 week low of $2.78 and a 52 week high of $9.35. The company has a quick ratio of 1.09, a current ratio of 1.66 and a debt-to-equity ratio of 0.53.

Institutional Trading of Sasol

Institutional investors and hedge funds have recently modified their holdings of the stock. Millennium Management LLC raised its holdings in Sasol by 75.7% during the 1st quarter. Millennium Management LLC now owns 1,450,355 shares of the oil and gas company’s stock valued at $6,135,000 after acquiring an additional 624,911 shares during the period. Jane Street Group LLC boosted its position in shares of Sasol by 31.9% during the 1st quarter. Jane Street Group LLC now owns 154,700 shares of the oil and gas company’s stock valued at $654,000 after acquiring an additional 37,412 shares during the last quarter. Sivia Capital Partners LLC purchased a new position in shares of Sasol during the second quarter worth approximately $52,000. Savant Capital LLC bought a new stake in Sasol in the second quarter valued at approximately $160,000. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its holdings in 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. 1.21% of the stock is owned by hedge funds and other institutional investors.

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.