Sasol (NYSE:SSL) Upgraded at 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 Wall Street Zen from a "buy" rating to a "strong-buy" rating in a research note issued on Sunday.

Sasol Price Performance

Shares of SSL stock traded down $0.02 during trading hours on Friday, hitting $7.11. 956,408 shares of the company's stock were exchanged, compared to its average volume of 1,409,976. The stock's 50-day moving average is $5.74 and its 200-day moving average is $4.71. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.87 and a quick ratio of 1.27. The stock has a market cap of $4.61 billion, a price-to-earnings ratio of 3.13, a price-to-earnings-growth ratio of 0.38 and a beta of 0.81. Sasol has a 52 week low of $2.78 and a 52 week high of $7.34.

Institutional Trading of Sasol

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SSL. Millennium Management LLC increased its position in Sasol by 2,401.8% in the fourth quarter. Millennium Management LLC now owns 825,444 shares of the oil and gas company's stock worth $3,764,000 after purchasing an additional 792,450 shares during the period. Two Sigma Investments LP increased its position in 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 worth $4,807,000 after purchasing an additional 528,860 shares during the period. Bank of America Corp DE increased its position in Sasol by 206.2% in 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 purchasing an additional 361,777 shares during the period. Trexquant Investment LP increased its position in Sasol by 368.2% in the first quarter. Trexquant Investment LP now owns 437,517 shares of the oil and gas company's stock worth $1,851,000 after purchasing an additional 344,066 shares during the period. Finally, Two Sigma Advisers LP increased its position in 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 worth $2,783,000 after purchasing an additional 317,900 shares during the period. 1.21% of the stock is currently owned by institutional investors and hedge funds.

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.