Sasol (NYSE:SSL) Stock Rating Upgraded by UBS Group

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

Several other equities analysts have also weighed in on the stock. The Goldman Sachs Group lowered shares of Sasol from a “buy” rating to a “neutral” rating in a research report on Monday, February 9th. Zacks Research upgraded shares of Sasol from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 5th. Wall Street Zen upgraded shares of Sasol from a “hold” rating to a “buy” rating in a research note on Saturday, March 14th. Finally, Weiss Ratings upgraded shares of Sasol from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, May 18th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Sasol has a consensus rating of “Hold”.

Sasol Stock Up 0.7%

SSL traded up $0.10 during trading on Thursday, hitting $13.29. 1,333,056 shares of the company traded hands, compared to its average volume of 2,247,723. The stock’s fifty day moving average is $12.97 and its 200 day moving average is $9.47. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.66 and a quick ratio of 1.09. Sasol has a one year low of $4.30 and a one year high of $14.36.

Insider Buying and Selling

In related news, EVP Sarushen Dhanapalan Pillay sold 2,182 shares of the business’s stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $13.14, for a total transaction of $28,671.48. Following the completion of the transaction, the executive vice president owned 16,313 shares of the company’s stock, valued at approximately $214,352.82. The trade was a 11.80% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.00% of the company’s stock.

Hedge Funds Weigh In On Sasol

Hedge funds have recently bought and sold shares of the company. Atlas Capital Advisors Inc. purchased a new position in Sasol during the fourth quarter valued at approximately $35,000. Caitong International Asset Management Co. Ltd grew its stake in Sasol by 232.5% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 5,606 shares of the oil and gas company’s stock valued at $36,000 after acquiring an additional 3,920 shares in the last quarter. EverSource Wealth Advisors LLC grew its stake in Sasol by 347.3% during the second quarter. EverSource Wealth Advisors LLC now owns 8,960 shares of the oil and gas company’s stock valued at $40,000 after acquiring an additional 6,957 shares in the last quarter. Sivia Capital Partners LLC purchased a new position in Sasol during the second quarter valued at approximately $52,000. Finally, Brevan Howard Capital Management LP purchased a new position in Sasol during the third quarter valued at approximately $63,000. 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.