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

Key Points

• Sasol's stock rating has been upgraded from "buy" to "strong-buy" by Wall Street Zen, reflecting increased confidence among analysts.
• Despite the upgrade, other analysts have issued mixed ratings, with Weiss Ratings assigning a "sell" rating and Morgan Stanley downgrading from "overweight" to "equal weight."
• The company has seen significant activity from institutional investors, with EverSource Wealth Advisors increasing its stake by 347.3% in the second quarter.

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

Several other equities analysts have also recently weighed in on SSL. Weiss Ratings reissued a "sell (d+)" rating on shares of Sasol in a report on Wednesday. Morgan Stanley cut Sasol from an "overweight" rating to an "equal weight" rating in a report on Monday, September 22nd. Two research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Reduce".

Sasol Price Performance

NYSE SSL opened at $5.64 on Friday. The business's fifty day moving average price is $6.24 and its 200-day moving average price is $5.00. The stock has a market capitalization of $3.66 billion, a price-to-earnings ratio of 2.48, a PEG ratio of 0.32 and a beta of 0.78. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.87 and a quick ratio of 1.27. Sasol has a 1-year low of $2.78 and a 1-year high of $7.25.

Institutional Investors Weigh In On Sasol

Several hedge funds and other institutional investors have recently modified their holdings of SSL. EverSource Wealth Advisors LLC increased its stake in shares of Sasol by 347.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 8,960 shares of the oil and gas company's stock worth $40,000 after purchasing an additional 6,957 shares in the last quarter. Sivia Capital Partners LLC purchased a new stake in shares of Sasol in the 2nd quarter worth $52,000. GAMMA Investing LLC increased its stake in shares of Sasol by 107.9% in the 3rd quarter. GAMMA Investing LLC now owns 8,637 shares of the oil and gas company's stock worth $54,000 after purchasing an additional 4,482 shares in the last quarter. FORA Capital LLC purchased a new stake in Sasol in the 1st quarter worth $55,000. Finally, Blue Trust Inc. increased its stake in Sasol by 24.9% in the 1st quarter. Blue Trust Inc. now owns 17,229 shares of the oil and gas company's stock worth $73,000 after buying an additional 3,433 shares in the last quarter. 1.21% of the stock is currently owned by hedge funds and other institutional investors.

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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