Sasol (NYSE:SSL) Stock Rating Lowered by Zacks Research

Sasol (NYSE:SSL) was downgraded by equities research analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a report released on Monday,Zacks.com reports.

SSL has been the topic of several other research reports. UBS Group raised shares of Sasol from a “neutral” rating to a “buy” rating in a report on Thursday, June 4th. The Goldman Sachs Group downgraded shares of Sasol from a “buy” rating to a “neutral” rating in a report on Monday, February 9th. Weiss Ratings raised shares of Sasol from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, May 18th. Finally, Wall Street Zen raised shares of Sasol from a “buy” rating to a “strong-buy” rating in a report on Saturday. One analyst has rated the stock with a Buy rating, four have issued 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 “Hold”.

Sasol Price Performance

Shares of SSL opened at $13.55 on Monday. Sasol has a twelve month low of $4.30 and a twelve month high of $14.36. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.09 and a current ratio of 1.66. The firm’s 50-day moving average is $13.03 and its two-hundred day moving average is $9.64.

Insider Activity

In related news, EVP Sarushen Dhanapalan Pillay sold 2,182 shares of the company’s stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $13.14, for a total transaction of $28,671.48. Following the transaction, the executive vice president owned 16,313 shares of the company’s stock, valued at approximately $214,352.82. This represents a 11.80% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 1.00% of the company’s stock.

Hedge Funds Weigh In On Sasol

Several institutional investors and hedge funds have recently modified their holdings of the company. Parallel Advisors LLC lifted its stake in shares of Sasol by 4.6% during the first quarter. Parallel Advisors LLC now owns 20,894 shares of the oil and gas company’s stock valued at $271,000 after buying an additional 915 shares during the period. Laird Norton Wetherby Wealth Management LLC lifted its stake in shares of Sasol by 5.1% during the third quarter. Laird Norton Wetherby Wealth Management LLC now owns 32,723 shares of the oil and gas company’s stock valued at $204,000 after buying an additional 1,593 shares during the period. PDS Planning Inc lifted its stake in shares of Sasol by 15.3% during the fourth quarter. PDS Planning Inc now owns 14,269 shares of the oil and gas company’s stock valued at $93,000 after buying an additional 1,893 shares during the period. Integrated Wealth Concepts LLC lifted its stake in shares of Sasol by 3.9% during the third quarter. Integrated Wealth Concepts LLC now owns 62,848 shares of the oil and gas company’s stock valued at $391,000 after buying an additional 2,334 shares during the period. Finally, US Bancorp DE lifted its stake in shares of Sasol by 11.5% during the third quarter. US Bancorp DE now owns 26,354 shares of the oil and gas company’s stock valued at $164,000 after buying an additional 2,719 shares during the period. Hedge funds and other institutional investors own 1.21% of the company’s stock.

Sasol Company Profile

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.