Weiss Ratings Reiterates "Sell (D+)" Rating for Sasol (NYSE:SSL)

Key Points

• Weiss Ratings has reiterated its "Sell (D+)" rating for Sasol (NYSE:SSL), indicating concerns about the company's stock performance.
• Despite Weiss Ratings' negative outlook, Wall Street Zen has upgraded Sasol from "buy" to "strong-buy," while Morgan Stanley downgraded it from "overweight" to "equal weight," highlighting mixed sentiment amongst analysts.
• Sasol shares were trading at $6.57, with a market capitalization of $4.26 billion and a P/E ratio of 2.89, reflecting a highly valued but potentially risky investment.

Sasol (NYSE:SSL - Get Free Report)'s stock had its "sell (d+)" rating reissued by research analysts at Weiss Ratings in a research report issued on Friday,Weiss Ratings reports.

Several other research firms have also recently weighed in on SSL. Wall Street Zen raised Sasol from a "buy" rating to a "strong-buy" rating in a research report on Saturday, October 11th. Morgan Stanley cut Sasol from an "overweight" rating to an "equal weight" rating in a research report on Monday, September 22nd. Two analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, Sasol currently has a consensus rating of "Reduce".

Sasol Trading Up 1.2%

Shares of Sasol stock opened at $6.57 on Friday. The stock has a fifty day simple moving average of $6.36 and a 200 day simple moving average of $5.14. Sasol has a 12-month low of $2.78 and a 12-month high of $7.25. The company has a market capitalization of $4.26 billion, a P/E ratio of 2.89, a price-to-earnings-growth ratio of 0.35 and a beta of 0.78. The company has a current ratio of 1.87, a quick ratio of 1.27 and a debt-to-equity ratio of 0.66.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. EverSource Wealth Advisors LLC lifted its position in shares of Sasol by 347.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 8,960 shares of the oil and gas company's stock valued at $40,000 after buying an additional 6,957 shares during the last quarter. Sivia Capital Partners LLC bought a new stake in shares of Sasol during the 2nd quarter valued at $52,000. GAMMA Investing LLC raised its stake in shares of Sasol by 107.9% during the 3rd quarter. GAMMA Investing LLC now owns 8,637 shares of the oil and gas company's stock valued at $54,000 after purchasing an additional 4,482 shares during the period. FORA Capital LLC bought a new stake in shares of Sasol during the 1st quarter valued at $55,000. Finally, Parallel Advisors LLC raised its stake in shares of Sasol by 119.9% during the 2nd quarter. Parallel Advisors LLC now owns 17,169 shares of the oil and gas company's stock valued at $76,000 after purchasing an additional 9,360 shares during the period. Hedge funds and other institutional investors 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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