Sasol (NYSE:SSL) Lowered to Hold Rating by Zacks Research

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

SSL has been the subject of a number of other research reports. The Goldman Sachs Group lowered Sasol from a “buy” rating to a “neutral” rating in a research note on Monday, February 9th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Sasol in a research note on Wednesday, January 21st. JPMorgan Chase & Co. reaffirmed an “underweight” rating on shares of Sasol in a research note on Friday, January 16th. UBS Group lowered Sasol from a “buy” rating to a “neutral” rating in a research note on Thursday, March 5th. Finally, Wall Street Zen raised Sasol from a “hold” rating to a “buy” rating in a research note on Saturday, March 14th. Four analysts have rated the stock with a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Reduce”.

Sasol Trading Up 9.1%

Shares of SSL opened at $13.62 on Monday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.09 and a current ratio of 1.66. The business has a 50-day simple moving average of $9.75 and a two-hundred day simple moving average of $7.58. Sasol has a 52 week low of $2.78 and a 52 week high of $13.68.

Hedge Funds Weigh In On Sasol

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Atlas Capital Advisors Inc. bought a new position in Sasol during the fourth quarter valued at approximately $35,000. Caitong International Asset Management Co. Ltd boosted its stake 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 last quarter. 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 during the last quarter. EverSource Wealth Advisors LLC boosted its stake 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 last quarter. Finally, EP Wealth Advisors LLC bought a new position in Sasol during the fourth quarter valued at approximately $66,000. 1.21% of the stock is owned by institutional investors.

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.