Sasol (NYSE:SSL) Rating Lowered to Equal Weight at Morgan Stanley

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 investment analysts at Morgan Stanley from an "overweight" rating to an "equal weight" rating in a report issued on Monday,Finviz reports.

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

Sasol Trading Down 0.7%

SSL stock opened at $6.65 on Monday. The company has a current ratio of 1.87, a quick ratio of 1.27 and a debt-to-equity ratio of 0.66. Sasol has a 12-month low of $2.78 and a 12-month high of $7.34. The stock has a market cap of $4.31 billion, a price-to-earnings ratio of 2.93, a PEG ratio of 0.36 and a beta of 0.81. The business's 50-day moving average is $5.94 and its 200 day moving average is $4.81.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of SSL. Northern Trust Corp raised its holdings in shares of Sasol by 190.6% during the 4th quarter. Northern Trust Corp now owns 170,366 shares of the oil and gas company's stock worth $777,000 after acquiring an additional 111,743 shares during the period. Jane Street Group LLC raised its holdings in shares of Sasol by 962.5% during the 4th quarter. Jane Street Group LLC now owns 117,288 shares of the oil and gas company's stock worth $535,000 after acquiring an additional 106,249 shares during the period. Ameriprise Financial Inc. raised its holdings in shares of Sasol by 29.5% during the 4th quarter. Ameriprise Financial Inc. now owns 22,028 shares of the oil and gas company's stock worth $100,000 after acquiring an additional 5,021 shares during the period. Millennium Management LLC raised its holdings in shares of Sasol by 2,401.8% during the 4th quarter. Millennium Management LLC now owns 825,444 shares of the oil and gas company's stock worth $3,764,000 after acquiring an additional 792,450 shares during the period. Finally, Two Sigma Investments LP raised its holdings in shares of Sasol by 100.7% during the 4th quarter. Two Sigma Investments LP now owns 1,054,238 shares of the oil and gas company's stock worth $4,807,000 after acquiring an additional 528,860 shares during the period. Hedge funds and other institutional investors own 1.21% of the company's stock.

Sasol Company Profile

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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