Sasol (NYSE:SSL) Raised to Strong-Buy at Wall Street Zen

Sasol (NYSE:SSL) was upgraded by equities researchers at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a report released on Saturday.

A number of other brokerages also recently commented on SSL. Morgan Stanley downgraded shares of Sasol from an “overweight” rating to an “equal weight” rating in a research report on Monday, September 22nd. Weiss Ratings reissued a “sell (d+)” rating on shares of Sasol in a report on Wednesday, October 8th. Two equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Sasol presently has a consensus rating of “Reduce”.

Sasol Stock Down 4.5%

SSL stock opened at $5.64 on Friday. The company’s 50 day moving average price is $6.24 and its 200 day moving average price is $5.01. The firm has a market capitalization of $3.66 billion, a price-to-earnings ratio of 2.48, a PEG ratio of 0.30 and a beta of 0.78. Sasol has a fifty-two week low of $2.78 and a fifty-two week high of $7.25. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.27 and a current ratio of 1.87.

Institutional Trading of Sasol

Institutional investors and hedge funds have recently made changes to their positions in the company. American Century Companies Inc. grew its stake in Sasol by 7.6% during the 1st quarter. American Century Companies Inc. now owns 709,675 shares of the oil and gas company’s stock worth $3,002,000 after buying an additional 50,412 shares during the last quarter. Blue Trust Inc. boosted its holdings in shares of Sasol by 24.9% in the first quarter. Blue Trust Inc. now owns 17,229 shares of the oil and gas company’s stock valued at $73,000 after acquiring an additional 3,433 shares during the period. XTX Topco Ltd grew its position in shares of Sasol by 549.7% during the first quarter. XTX Topco Ltd now owns 101,974 shares of the oil and gas company’s stock worth $431,000 after acquiring an additional 86,279 shares during the last quarter. Trexquant Investment LP increased its holdings in shares of Sasol by 368.2% in the 1st quarter. Trexquant Investment LP now owns 437,517 shares of the oil and gas company’s stock valued at $1,851,000 after acquiring an additional 344,066 shares during the period. Finally, Cerity Partners LLC raised its position in Sasol by 102.7% in the 1st quarter. Cerity Partners LLC now owns 57,362 shares of the oil and gas company’s stock valued at $243,000 after purchasing an additional 29,063 shares during the last quarter. 1.21% of the stock is owned by hedge funds and other institutional investors.

Sasol Company Profile

Sasol Limited operates as a chemical and energy company in South Africa and internationally. It offers alumina, such as battery materials, catalyst supports, abrasives and polishing, and polymer additives; cobalt fischer-tropsch catalysts; carbon-based and recarburiser products; graphite electrodes; and mono-ethylene glycol and chlor-alkali products, monomers, mining chemicals and reagents, blends and hydrocarbons, methanol products, polymers, phenolics, and fertilizers.