Sasol (NYSE:SSL) Upgraded at Wall Street Zen

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

SSL has been the subject of a number of other reports. UBS Group raised Sasol from a “neutral” rating to a “buy” rating in a report on Thursday, June 4th. Zacks Research raised Sasol from a “strong sell” rating to a “hold” rating in a research note on Monday, August 31st. JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Sasol in a research report on Monday, June 15th. Investec assumed coverage on Sasol in a research note on Wednesday, June 17th. They issued a “sell” rating for the company. Finally, Weiss Ratings raised Sasol from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, September 2nd. One equities research analyst has rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold”.

Sasol Stock Up 0.2%

Shares of NYSE:SSL opened at $12.29 on Friday. The company has a current ratio of 1.79, a quick ratio of 1.17 and a debt-to-equity ratio of 0.49. The company’s 50-day moving average price is $11.32 and its 200 day moving average price is $11.70. Sasol has a fifty-two week low of $5.24 and a fifty-two week high of $14.36.

Sasol (NYSE:SSL) last posted its earnings results on Friday, August 14th. The oil and gas company reported $0.56 EPS for the quarter. The firm had revenue of $4.61 billion during the quarter. On average, research analysts predict that Sasol will post 1.65 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Millennium Management LLC raised its holdings 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 worth $6,135,000 after purchasing an additional 624,911 shares in the last quarter. Jane Street Group LLC increased its holdings in shares of Sasol by 31.9% in the first quarter. Jane Street Group LLC now owns 154,700 shares of the oil and gas company’s stock valued at $654,000 after buying an additional 37,412 shares in the last quarter. Sivia Capital Partners LLC acquired a new stake in shares of Sasol during the 2nd quarter valued at $52,000. JPMorgan Chase & Co. lifted its position in shares of Sasol by 7,082.0% during the 2nd quarter. JPMorgan Chase & Co. now owns 59,395 shares of the oil and gas company’s stock valued at $263,000 after acquiring an additional 58,568 shares during the last quarter. Finally, EverSource Wealth Advisors LLC boosted its stake 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 in the last quarter. Institutional investors own 1.21% of the company’s stock.

About Sasol

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.