Sasol (NYSE:SSL) Lowered to “Buy” Rating by Wall Street Zen

Wall Street Zen downgraded shares of Sasol (NYSE:SSL) from a strong-buy rating to a buy rating in a research report report published on Friday.

A number of other equities analysts have also issued reports on the company. Morgan Stanley lowered Sasol from an “overweight” rating to an “equal weight” rating in a report on Monday, September 22nd. Weiss Ratings reiterated a “sell (d+)” rating on shares of Sasol in a research report on Saturday, September 27th. Two analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Reduce”.

Sasol Price Performance

Shares of NYSE:SSL opened at $6.19 on Friday. The firm’s 50 day moving average is $6.15 and its two-hundred day moving average is $4.95. The firm has a market capitalization of $4.02 billion, a P/E ratio of 2.72, a PEG ratio of 0.33 and a beta of 0.78. The company has a current ratio of 1.87, a quick ratio of 1.27 and a debt-to-equity ratio of 0.66. Sasol has a 52 week low of $2.78 and a 52 week high of $7.34.

Institutional Investors Weigh In On Sasol

A number of institutional investors have recently added to or reduced their stakes in SSL. EverSource Wealth Advisors LLC boosted its stake in 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 valued at $40,000 after purchasing an additional 6,957 shares in the last quarter. Sivia Capital Partners LLC acquired a new stake in shares of Sasol in the second quarter valued at $52,000. GAMMA Investing LLC boosted its stake in Sasol by 107.9% during the third quarter. GAMMA Investing LLC now owns 8,637 shares of the oil and gas company’s stock valued at $54,000 after buying an additional 4,482 shares in the last quarter. FORA Capital LLC bought a new position in Sasol during the first quarter valued at about $55,000. Finally, Blue Trust Inc. grew its holdings in Sasol by 24.9% during the first quarter. Blue Trust Inc. now owns 17,229 shares of the oil and gas company’s stock worth $73,000 after acquiring an additional 3,433 shares during the period. 1.21% of the stock is currently owned by institutional investors and hedge funds.

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.