Sasol (NYSE:SSL) Rating Lowered to Buy at Wall Street Zen

Key Points

• Sasol has been downgraded from a "strong-buy" to a "buy" rating by Wall Street Zen, reflecting analyst concerns about the stock's performance.
• In addition to Wall Street Zen's downgrade, other analysts have adjusted their ratings, including Morgan Stanley, which lowered Sasol from "overweight" to "equal weight."
• Sasol's current stock performance shows a market cap of $4.02 billion with a PE ratio of 2.72 and a recent trading price of $6.19.

Sasol (NYSE:SSL - Get Free Report) was downgraded by equities research analysts at Wall Street Zen from a "strong-buy" rating to a "buy" rating in a research report issued on Friday.

Other analysts have also issued research reports about the stock. Morgan Stanley lowered shares of Sasol from an "overweight" rating to an "equal weight" rating in a research report on Monday, September 22nd. Weiss Ratings reissued a "sell (d+)" rating on shares of Sasol in a research note on Saturday, September 27th. Two investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Reduce".

Sasol Price Performance

Shares of NYSE SSL traded up $0.04 during trading hours on Friday, hitting $6.19. 1,176,087 shares of the stock were exchanged, compared to its average volume of 1,177,857. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.27 and a current ratio of 1.87. The company has a market cap of $4.02 billion, a PE ratio of 2.72, a price-to-earnings-growth ratio of 0.33 and a beta of 0.78. The company's fifty day simple moving average is $6.15 and its two-hundred day simple moving average is $4.94. Sasol has a 1-year low of $2.78 and a 1-year high of $7.34.

Hedge Funds Weigh In On Sasol

Large investors have recently modified their holdings of the business. GAMMA Investing LLC raised its stake in shares of 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 acquiring an additional 4,482 shares during the last quarter. EverSource Wealth Advisors LLC raised its stake in shares of 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 acquiring an additional 6,957 shares during the last quarter. Sivia Capital Partners LLC bought a new position in shares of Sasol during the second quarter valued at $52,000. FORA Capital LLC bought a new position in shares of Sasol during the first quarter valued at $55,000. Finally, Parallel Advisors LLC raised its stake in shares of Sasol by 119.9% during the second quarter. Parallel Advisors LLC now owns 17,169 shares of the oil and gas company's stock valued at $76,000 after acquiring an additional 9,360 shares during the last quarter. Institutional investors own 1.21% of the company's stock.

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.

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