Sasol (NYSE:SSL) Upgraded at Wall Street Zen

Key Points

• Sasol has been upgraded from a "buy" rating to a "strong-buy" rating by analysts at Wall Street Zen.
• The company's stock price has recently increased by 2.5%, opening at $7.09.
• Institutional investors have made significant changes to their positions in Sasol, with notable increases in holdings from firms like Jane Street Group LLC and Northern Trust Corp.

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

Sasol Trading Up 2.5%

Shares of SSL stock opened at $7.09 on Friday. The company has a current ratio of 1.87, a quick ratio of 1.16 and a debt-to-equity ratio of 0.66. The stock has a market cap of $4.59 billion, a P/E ratio of 3.12, a price-to-earnings-growth ratio of 0.38 and a beta of 0.81. The stock has a 50 day simple moving average of $5.56 and a 200 day simple moving average of $4.64. Sasol has a 1 year low of $2.78 and a 1 year high of $7.34.

Institutional Investors Weigh In On Sasol

Several institutional investors and hedge funds have recently added to or reduced their stakes in SSL. Raymond James Financial Inc. bought a new stake in Sasol during the fourth quarter worth $54,000. First Trust Advisors LP acquired a new position in shares of Sasol during the fourth quarter worth $88,000. Northern Trust Corp increased its holdings in shares of Sasol by 190.6% during the fourth quarter. Northern Trust Corp now owns 170,366 shares of the oil and gas company's stock worth $777,000 after buying an additional 111,743 shares in the last quarter. Jane Street Group LLC increased its holdings in shares of Sasol by 962.5% during the fourth quarter. Jane Street Group LLC now owns 117,288 shares of the oil and gas company's stock worth $535,000 after buying an additional 106,249 shares in the last quarter. Finally, Ameriprise Financial Inc. increased its holdings in shares of Sasol by 29.5% during the fourth quarter. Ameriprise Financial Inc. now owns 22,028 shares of the oil and gas company's stock worth $100,000 after buying an additional 5,021 shares in the last quarter. 1.21% of the stock is currently owned by institutional investors.

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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