Sasol (NYSE:SSL) Downgraded by Wall Street Zen to Buy

Wall Street Zen lowered shares of Sasol (NYSE:SSL) from a strong-buy rating to a buy rating in a report released on Saturday.

A number of other equities research analysts have also recently weighed in on SSL. Morgan Stanley cut Sasol from an “overweight” rating to an “equal weight” rating in a research note on Monday, September 22nd. Weiss Ratings reiterated a “sell (d+)” rating on shares of Sasol in a research 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 stock. Based on data from MarketBeat, the stock has an average rating of “Reduce”.

Sasol Stock Performance

Shares of Sasol stock traded up $0.22 on Friday, hitting $7.05. The stock had a trading volume of 1,188,807 shares, compared to its average volume of 1,218,195. Sasol has a 52-week low of $2.78 and a 52-week high of $7.25. The company has a quick ratio of 1.27, a current ratio of 1.87 and a debt-to-equity ratio of 0.66. The company’s 50 day moving average price is $6.35 and its 200 day moving average price is $5.49.

Institutional Trading of Sasol

Hedge funds and other institutional investors have recently made changes to their positions in the company. GAMMA Investing LLC increased its stake in shares of Sasol by 107.9% during the third quarter. GAMMA Investing LLC now owns 8,637 shares of the oil and gas company’s stock worth $54,000 after acquiring an additional 4,482 shares during the period. EverSource Wealth Advisors LLC lifted its holdings in shares of Sasol by 347.3% in the 2nd 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 stake in shares of Sasol in the second quarter valued at approximately $52,000. PDS Planning Inc acquired a new position in Sasol during the third quarter worth $77,000. Finally, FORA Capital LLC acquired a new position in Sasol during the first quarter worth $55,000. Hedge funds and other institutional investors own 1.21% of the company’s stock.

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.