Sasol’s (SSL) “Underweight” Rating Reiterated at JPMorgan Chase & Co.

JPMorgan Chase & Co. restated their underweight rating on shares of Sasol (NYSE:SSL) in a report released on Friday morning, MarketBeat.com reports.

A number of other equities analysts have also commented on SSL. Weiss Ratings reissued a “sell (d+)” rating on shares of Sasol in a research note on Wednesday, October 8th. Wall Street Zen cut Sasol from a “strong-buy” rating to a “buy” rating in a report on Saturday, November 15th. Morgan Stanley downgraded shares of Sasol from an “overweight” rating to an “equal weight” rating in a research report on Monday, September 22nd. Finally, Zacks Research cut shares of Sasol from a “hold” rating to a “strong sell” rating in a research report on Tuesday, November 25th. Two research analysts have rated the stock with a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, Sasol currently has a consensus rating of “Strong Sell”.

Sasol Price Performance

Shares of SSL opened at $6.32 on Friday. Sasol has a one year low of $2.78 and a one year high of $7.54. The business’s 50 day simple moving average is $6.56 and its 200-day simple moving average is $6.16. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.87 and a quick ratio of 1.27.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. EverSource Wealth Advisors LLC grew its holdings 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 valued at $40,000 after buying an additional 6,957 shares during the period. Sivia Capital Partners LLC acquired a new position in Sasol in the second quarter valued at about $52,000. GAMMA Investing LLC increased its holdings in shares of Sasol by 107.9% in the third quarter. GAMMA Investing LLC now owns 8,637 shares of the oil and gas company’s stock worth $54,000 after acquiring an additional 4,482 shares in the last quarter. Brevan Howard Capital Management LP acquired a new stake in shares of Sasol during the third quarter worth about $63,000. Finally, Centiva Capital LP bought a new position in shares of Sasol during the 3rd quarter valued at about $67,000. Institutional investors own 1.21% of the company’s stock.

About Sasol

Sasol Limited is an integrated energy and chemical company headquartered in Johannesburg, South Africa. The company’s core operations encompass the conversion of natural gas, coal and heavy hydrocarbons into liquid fuels and a wide array of chemical products. Sasol leverages proprietary Fischer-Tropsch and gas-to-liquids (GTL) technologies to deliver cleaner-burning diesel, jet fuel and naphtha, alongside solvents, surfactants and specialty polymers for industrial and consumer applications.

In addition to its GTL business, Sasol operates downstream facilities for the manufacture of alpha olefins, ethylene, propylene and other base-chemical intermediates.