Sasol (NYSE:SSL) Given "Sell (D+)" Rating at Weiss Ratings

Key Points

• Sasol's stock has been given a "sell (D+)" rating by Weiss Ratings, reflecting negative sentiment from analysts.
• Recent downgrades from various analysts, including Wall Street Zen and Morgan Stanley, have lowered Sasol's consensus rating to "Reduce."
• Institutional investors have significantly increased their stakes in Sasol, with Millennium Management raising its position by 75.7% in the first quarter.

Sasol (NYSE:SSL - Get Free Report)'s stock had its "sell (d+)" rating restated by equities research analysts at Weiss Ratings in a research report issued to clients and investors on Wednesday,Weiss Ratings reports.

A number of other equities analysts also recently commented on SSL. Wall Street Zen downgraded Sasol from a "strong-buy" rating to a "buy" rating in a report on Friday, October 3rd. Morgan Stanley downgraded Sasol from an "overweight" rating to an "equal weight" rating in a report on Monday, September 22nd. Two analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Reduce".

Sasol Stock Up 0.2%

Shares of SSL traded up $0.01 during trading hours on Wednesday, reaching $5.97. The company's stock had a trading volume of 1,007,044 shares, compared to its average volume of 1,181,341. The company has a 50 day moving average of $6.21 and a two-hundred day moving average of $4.97. Sasol has a 1-year low of $2.78 and a 1-year high of $7.25. The firm has a market cap of $3.88 billion, a price-to-earnings ratio of 2.63, a P/E/G ratio of 0.32 and a beta of 0.78. The company has a quick ratio of 1.27, a current ratio of 1.87 and a debt-to-equity ratio of 0.66.

Institutional Investors Weigh In On Sasol

Hedge funds have recently modified their holdings of the business. Millennium Management LLC lifted its position in Sasol by 75.7% in the first 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 during the period. Bank of America Corp DE raised its stake in Sasol by 206.2% during the second quarter. Bank of America Corp DE now owns 537,250 shares of the oil and gas company's stock worth $2,375,000 after acquiring an additional 361,777 shares in the last quarter. Trexquant Investment LP raised its stake in Sasol by 368.2% during the first quarter. Trexquant Investment LP now owns 437,517 shares of the oil and gas company's stock worth $1,851,000 after acquiring an additional 344,066 shares in the last quarter. Jump Financial LLC raised its stake in Sasol by 211.3% during the second quarter. Jump Financial LLC now owns 388,598 shares of the oil and gas company's stock worth $1,718,000 after acquiring an additional 263,780 shares in the last quarter. Finally, FNY Investment Advisers LLC acquired a new position in Sasol during the second quarter worth $898,000. 1.21% of the stock is owned by institutional investors.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.