Sasol (NYSE:SSL) Upgraded at Bank of America

Bank of America upgraded shares of Sasol (NYSE:SSL) from a neutral rating to a buy rating in a research report report published on Wednesday, Marketbeat reports.

A number of other analysts have also issued reports on the company. UBS Group raised Sasol from a “neutral” rating to a “buy” rating in a research report on Thursday, June 4th. Weiss Ratings upgraded Sasol from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, September 2nd. Wall Street Zen raised Sasol from a “hold” rating to a “strong-buy” rating in a research note on Saturday, September 5th. Investec assumed coverage on Sasol in a report on Wednesday, June 17th. They issued a “sell” rating on the stock. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Sasol in a report on Monday, June 15th. Two equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Sasol presently has a consensus rating of “Hold”.

Sasol Price Performance

Sasol stock opened at $14.59 on Wednesday. The company’s 50 day simple moving average is $11.69 and its 200-day simple moving average is $11.84. Sasol has a 1 year low of $5.24 and a 1 year high of $14.81. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.79 and a quick ratio of 1.17.

Sasol (NYSE:SSL) last issued its quarterly earnings data on Friday, August 14th. The oil and gas company reported $0.56 EPS for the quarter. The company had revenue of $4.61 billion during the quarter. Equities research analysts forecast that Sasol will post 2.33 EPS for the current year.

Institutional Investors Weigh In On Sasol

Several large investors have recently bought and sold shares of the stock. Atlas Capital Advisors Inc. purchased a new position in shares of Sasol in the 4th quarter valued at about $35,000. Caitong International Asset Management Co. Ltd grew its position in shares of 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 worth $36,000 after buying an additional 3,920 shares in the last quarter. Ramsey Quantitative Systems purchased a new stake in shares of Sasol during the second quarter worth approximately $68,000. EverSource Wealth Advisors LLC increased its stake in shares of 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 worth $40,000 after buying an additional 6,957 shares during the period. Finally, Blue Trust Inc. raised its holdings in Sasol by 48.9% in the first quarter. Blue Trust Inc. now owns 9,115 shares of the oil and gas company’s stock valued at $118,000 after acquiring an additional 2,992 shares in the last quarter. Hedge funds and other institutional investors own 1.21% of the company’s stock.

Sasol Company Profile

Sasol Limited is a South African integrated chemicals and energy company listed on the New York Stock Exchange under the symbol SSL. The company develops and commercializes technologies that convert coal and natural gas into fuels, chemicals and other value-added products, with operations and customers in South Africa and international markets.

Its portfolio includes liquid fuels, solvents, alcohols, surfactants, polymers, waxes, ammonia and other chemical products used in sectors such as mining, manufacturing, agriculture, automotive, personal care and household products.