Sasol (NYSE:SSL) Stock Rating Upgraded by Wall Street Zen

Key Points

• Sasol has been upgraded from a "buy" to a "strong-buy" rating by Wall Street Zen, reflecting positive sentiment among analysts.
• The stock is currently trading at $7.09 with a market capitalization of $4.59 billion, and it has seen significant fluctuations over the past year, with a 52-week low of $2.78 and a high of $7.34.
• Several large institutional investors have increased their stakes in Sasol, with notable growth from Millennium Management LLC and Two Sigma Investments LP, reflecting growing interest in the company's stock.

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

Sasol Price Performance

Sasol stock opened at $7.09 on Friday. Sasol has a 52-week low of $2.78 and a 52-week high of $7.34. The firm has a fifty day moving average of $5.56 and a 200-day moving average of $4.64. The company has a quick ratio of 1.16, a current ratio of 1.87 and a debt-to-equity ratio of 0.66. The firm has a market capitalization of $4.59 billion, a P/E ratio of 3.12, a PEG ratio of 0.38 and a beta of 0.81.

Institutional Investors Weigh In On Sasol

A number of large investors have recently modified their holdings of the stock. Millennium Management LLC grew its stake in shares of 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 valued at $6,135,000 after buying an additional 624,911 shares in the last quarter. Two Sigma Investments LP grew its stake in shares of Sasol by 100.7% in the fourth quarter. Two Sigma Investments LP now owns 1,054,238 shares of the oil and gas company's stock valued at $4,807,000 after buying an additional 528,860 shares in the last quarter. American Century Companies Inc. grew its stake in shares of Sasol by 25.5% in the second quarter. American Century Companies Inc. now owns 890,502 shares of the oil and gas company's stock valued at $3,936,000 after buying an additional 180,827 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of Sasol by 11.9% in the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 767,312 shares of the oil and gas company's stock valued at $3,392,000 after buying an additional 81,769 shares in the last quarter. Finally, Two Sigma Advisers LP grew its stake in shares of Sasol by 108.8% in the fourth quarter. Two Sigma Advisers LP now owns 610,200 shares of the oil and gas company's stock valued at $2,783,000 after buying an additional 317,900 shares in the last quarter. Institutional investors and hedge funds 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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