Sasol (NYSE:SSL) Cut to “Hold” at Wall Street Zen

Wall Street Zen cut shares of Sasol (NYSE:SSL) from a buy rating to a hold rating in a research note released on Saturday morning.

A number of other equities analysts have also issued reports on SSL. JPMorgan Chase & Co. restated a “neutral” rating on shares of Sasol in a research note on Monday, June 15th. Investec initiated coverage on Sasol in a research note on Wednesday, June 17th. They set a “sell” rating on the stock. Weiss Ratings lowered Sasol from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, July 28th. UBS Group upgraded Sasol from a “neutral” rating to a “buy” rating in a research note on Thursday, June 4th. Finally, Zacks Research lowered Sasol from a “hold” rating to a “strong sell” rating in a research report on Wednesday, July 8th. One analyst has rated the stock with a Buy rating, three have given a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, Sasol currently has a consensus rating of “Reduce”.

Sasol Stock Up 1.7%

NYSE:SSL opened at $11.73 on Friday. Sasol has a 12 month low of $5.24 and a 12 month high of $14.36. The firm has a fifty day simple moving average of $11.11 and a 200-day simple moving average of $11.21. The company has a current ratio of 1.66, a quick ratio of 1.09 and a debt-to-equity ratio of 0.53.

Hedge Funds Weigh In On Sasol

Several institutional investors have recently made changes to their positions in the company. Atlas Capital Advisors Inc. acquired a new position in shares of Sasol in the 4th quarter valued at $35,000. Caitong International Asset Management Co. Ltd grew its position 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 buying an additional 3,920 shares during the period. EverSource Wealth Advisors LLC grew its position 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 buying an additional 6,957 shares during the period. Sivia Capital Partners LLC purchased a new position in Sasol in the second quarter valued at $52,000. Finally, Brevan Howard Capital Management LP purchased a new position in Sasol in the third quarter valued at $63,000. 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.