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

Wall Street Zen upgraded shares of Sasol (NYSE:SSL) from a buy rating to a strong-buy rating in a report published on Sunday morning.

Sasol Trading Down 3.6%

NYSE SSL opened at $6.89 on Friday. The business’s 50-day moving average price is $5.66 and its two-hundred day moving average price is $4.67. Sasol has a 12 month low of $2.78 and a 12 month high of $7.34. The firm has a market capitalization of $4.47 billion, a PE ratio of 3.04, a price-to-earnings-growth ratio of 0.38 and a beta of 0.81. The company has a current ratio of 1.87, a quick ratio of 1.27 and a debt-to-equity ratio of 0.66.

Institutional Investors Weigh In On Sasol

A number of institutional investors have recently made changes to their positions in the stock. Millennium Management LLC grew its position in shares of Sasol by 75.7% in the 1st quarter. Millennium Management LLC now owns 1,450,355 shares of the oil and gas company’s stock valued at $6,135,000 after buying an additional 624,911 shares during the last quarter. Two Sigma Investments LP boosted its position in shares of Sasol by 100.7% during the 4th quarter. Two Sigma Investments LP now owns 1,054,238 shares of the oil and gas company’s stock valued at $4,807,000 after purchasing an additional 528,860 shares in the last quarter. American Century Companies Inc. boosted its position in shares of Sasol by 25.5% during the 2nd quarter. American Century Companies Inc. now owns 890,502 shares of the oil and gas company’s stock valued at $3,936,000 after purchasing an additional 180,827 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its position in shares of Sasol by 11.9% during the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 767,312 shares of the oil and gas company’s stock valued at $3,392,000 after purchasing an additional 81,769 shares in the last quarter. Finally, Two Sigma Advisers LP boosted its position in shares of Sasol by 108.8% during the 4th quarter. Two Sigma Advisers LP now owns 610,200 shares of the oil and gas company’s stock valued at $2,783,000 after purchasing an additional 317,900 shares in the last quarter. Institutional investors own 1.21% of the company’s stock.

About Sasol

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.