Sasol (NYSE:SSL) Rating Increased to Strong-Buy at Zacks Research

Zacks Research upgraded shares of Sasol (NYSE:SSL) from a hold rating to a strong-buy rating in a research report report published on Monday,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 Monday, February 16th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Sasol in a report on Wednesday, January 21st. JPMorgan Chase & Co. reiterated an “underweight” rating on shares of Sasol in a research report on Friday, January 16th. Finally, The Goldman Sachs Group lowered shares of Sasol from a “buy” rating to a “neutral” rating in a research report on Monday, February 9th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, Sasol currently has an average rating of “Hold”.

Sasol Trading Up 1.3%

Sasol stock opened at $8.89 on Monday. Sasol has a 12 month low of $2.78 and a 12 month high of $8.97. The business has a 50 day moving average price of $7.06 and a two-hundred day moving average price of $6.61. The company has a quick ratio of 1.27, a current ratio of 1.87 and a debt-to-equity ratio of 0.66.

Hedge Funds Weigh In On Sasol

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SSL. Laird Norton Wetherby Wealth Management LLC increased its holdings in shares of Sasol by 5.1% during the third quarter. Laird Norton Wetherby Wealth Management LLC now owns 32,723 shares of the oil and gas company’s stock worth $204,000 after buying an additional 1,593 shares in the last quarter. Ballentine Partners LLC grew its position in Sasol by 8.9% during the 3rd quarter. Ballentine Partners LLC now owns 21,317 shares of the oil and gas company’s stock worth $133,000 after acquiring an additional 1,745 shares during the last quarter. PDS Planning Inc increased its holdings in Sasol by 15.3% during the 4th 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 increased its holdings in Sasol by 3.9% during the 3rd 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 boosted 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 in the last quarter. 1.21% of the stock is currently owned by institutional investors and hedge funds.

Sasol Company Profile

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.