Sasol (NYSE:SSL) Downgraded by Morgan Stanley to "Equal Weight"

Key Points

• Morgan Stanley downgraded Sasol from an "overweight" to an "equal weight" rating in a recent report.
• Conversely, Wall Street Zen upgraded Sasol from a "buy" to a "strong-buy" rating, reflecting a divergence in analyst opinions.
• Sasol's stock opened at $6.65 and has a market capitalization of $4.31 billion, with significant institutional investment inflows noted in the last quarter.

Sasol (NYSE:SSL - Get Free Report) was downgraded by stock analysts at Morgan Stanley from an "overweight" rating to an "equal weight" rating in a note issued to investors on Monday, Marketbeat reports.

Separately, Wall Street Zen raised Sasol from a "buy" rating to a "strong-buy" rating in a report on Sunday, September 7th. Two equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company has a consensus rating of "Hold".

Sasol Price Performance

NYSE:SSL traded down $0.42 on Monday, reaching $6.23. 1,651,249 shares of the company's stock traded hands, compared to its average volume of 1,313,258. The company has a quick ratio of 1.27, a current ratio of 1.87 and a debt-to-equity ratio of 0.66. The stock has a 50-day simple moving average of $5.96 and a 200-day simple moving average of $4.83. The firm has a market cap of $4.04 billion, a PE ratio of 2.74, a P/E/G ratio of 0.36 and a beta of 0.80. Sasol has a 12 month low of $2.78 and a 12 month high of $7.34.

Institutional Trading of Sasol

Institutional investors and hedge funds have recently modified their holdings of the stock. 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 in the last quarter. Sivia Capital Partners LLC bought a new stake in shares of Sasol during the second quarter valued at approximately $52,000. FORA Capital LLC bought a new stake in shares of Sasol during the first quarter valued at approximately $55,000. 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 in the last quarter. Finally, Blue Trust Inc. raised its stake in shares of Sasol by 24.9% during the first quarter. Blue Trust Inc. now owns 17,229 shares of the oil and gas company's stock valued at $73,000 after acquiring an additional 3,433 shares in 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.