Sasol (NYSE:SSL) Downgraded by Zacks Research to “Hold”

Zacks Research cut shares of Sasol (NYSE:SSL) from a strong-buy rating to a hold rating in a research note published on Monday,Zacks.com reports.

Other equities research analysts have also recently issued reports about 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 upgraded Sasol from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, May 18th. UBS Group upgraded Sasol from a “neutral” rating to a “buy” rating in a research note on Thursday, June 4th. Finally, Wall Street Zen raised shares of Sasol from a “buy” rating to a “strong-buy” rating in a research report on Saturday. One research analyst has rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Sasol has an average rating of “Hold”.

Sasol Price Performance

Sasol stock opened at $13.55 on Monday. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.66 and a quick ratio of 1.09. Sasol has a 1 year low of $4.30 and a 1 year high of $14.36. The firm has a 50-day moving average of $13.03 and a two-hundred day moving average of $9.64.

Insider Activity

In other Sasol news, EVP Sarushen Dhanapalan Pillay sold 2,182 shares of the firm’s stock in a transaction on Monday, May 11th. The shares were sold at an average price of $13.14, for a total value of $28,671.48. Following the completion of the transaction, the executive vice president owned 16,313 shares of the company’s stock, valued at approximately $214,352.82. This trade represents a 11.80% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 1.00% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Atlas Capital Advisors Inc. purchased a new position in shares of Sasol during the fourth quarter worth $35,000. Caitong International Asset Management Co. Ltd grew its position in Sasol by 232.5% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 5,606 shares of the oil and gas company’s stock valued at $36,000 after buying an additional 3,920 shares during the period. EverSource Wealth Advisors LLC grew its position in Sasol by 347.3% during the second quarter. EverSource Wealth Advisors LLC now owns 8,960 shares of the oil and gas company’s stock valued at $40,000 after buying an additional 6,957 shares during the period. Blue Trust Inc. grew its position in Sasol by 48.9% during the first quarter. Blue Trust Inc. now owns 9,115 shares of the oil and gas company’s stock valued at $118,000 after buying an additional 2,992 shares during the period. Finally, EP Wealth Advisors LLC acquired a new stake in Sasol during the fourth quarter valued at $66,000. Hedge funds and other institutional investors own 1.21% of the company’s stock.

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.