Wall Street Zen Upgrades Sasol (NYSE:SSL) to “Buy”

Sasol (NYSE:SSL) was upgraded by stock analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a note issued to investors on Saturday.

A number of other research analysts have also recently issued reports on the company. The Goldman Sachs Group cut Sasol from a “buy” rating to a “neutral” rating in a research note on Monday, February 9th. Weiss Ratings reissued a “sell (d+)” rating on shares of Sasol in a research note on Wednesday, January 21st. UBS Group cut Sasol from a “buy” rating to a “neutral” rating in a report on Thursday, March 5th. Zacks Research raised Sasol from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 23rd. Finally, JPMorgan Chase & Co. reiterated an “underweight” rating on shares of Sasol in a research report on Friday, January 16th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold”.

Sasol Stock Performance

SSL stock opened at $11.31 on Friday. The firm’s fifty day moving average is $7.80 and its 200 day moving average is $6.91. Sasol has a 52 week low of $2.78 and a 52 week high of $11.51. The company has a quick ratio of 1.09, a current ratio of 1.66 and a debt-to-equity ratio of 0.53.

Institutional Trading of Sasol

Several large investors have recently bought and sold shares of the company. Laird Norton Wetherby Wealth Management LLC grew its holdings in shares of Sasol by 5.1% during the 3rd quarter. Laird Norton Wetherby Wealth Management LLC now owns 32,723 shares of the oil and gas company’s stock worth $204,000 after acquiring an additional 1,593 shares during the period. Ballentine Partners LLC lifted its stake in shares of Sasol by 8.9% in the 3rd quarter. Ballentine Partners LLC now owns 21,317 shares of the oil and gas company’s stock valued at $133,000 after purchasing an additional 1,745 shares during the period. PDS Planning Inc boosted its position in shares of Sasol by 15.3% during the fourth quarter. PDS Planning Inc now owns 14,269 shares of the oil and gas company’s stock valued at $93,000 after purchasing an additional 1,893 shares in the last quarter. Integrated Wealth Concepts LLC boosted its position in shares of Sasol by 3.9% during the third quarter. Integrated Wealth Concepts LLC now owns 62,848 shares of the oil and gas company’s stock valued at $391,000 after purchasing an additional 2,334 shares in the last quarter. Finally, US Bancorp DE grew its stake in Sasol by 11.5% in the third quarter. US Bancorp DE now owns 26,354 shares of the oil and gas company’s stock worth $164,000 after purchasing an additional 2,719 shares during the period. 1.21% of the stock is owned by institutional investors.

About Sasol

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.