Sasol (NYSE:SSL) Rating Lowered to “Strong Sell” at Zacks Research

Sasol (NYSE:SSL) was downgraded by stock analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research report issued on Tuesday,Zacks.com reports.

SSL has been the subject of several other reports. Wall Street Zen cut Sasol from a “strong-buy” rating to a “buy” rating in a research report on Saturday, November 15th. Weiss Ratings reissued a “sell (d+)” rating on shares of Sasol in a report on Wednesday, October 8th. Finally, Morgan Stanley cut shares of Sasol from an “overweight” rating to an “equal weight” rating in a research note on Monday, September 22nd. Two equities research analysts have rated the stock with a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Reduce”.

Sasol Price Performance

Sasol stock opened at $6.51 on Tuesday. The firm has a 50-day moving average of $6.33 and a 200-day moving average of $5.67. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.27 and a current ratio of 1.87. Sasol has a one year low of $2.78 and a one year high of $7.39.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in SSL. EverSource Wealth Advisors LLC increased its holdings in shares of Sasol by 347.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 8,960 shares of the oil and gas company’s stock worth $40,000 after acquiring an additional 6,957 shares during the last quarter. Sivia Capital Partners LLC bought a new position in Sasol during the second quarter worth $52,000. GAMMA Investing LLC increased its holdings in shares of Sasol by 107.9% in the third quarter. GAMMA Investing LLC now owns 8,637 shares of the oil and gas company’s stock valued at $54,000 after purchasing an additional 4,482 shares during the last quarter. FORA Capital LLC bought a new position in shares of Sasol in the first quarter valued at about $55,000. Finally, Brevan Howard Capital Management LP bought a new position in shares of Sasol in the third quarter valued at about $63,000. 1.21% of the stock is currently owned by 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.