Sasol (NYSE:SSL) Downgraded to Neutral Rating by UBS Group

UBS Group cut shares of Sasol (NYSE:SSL) from a buy rating to a neutral rating in a research note released on Thursday morning, MarketBeat Ratings reports.

A number of other analysts have also commented on the company. The Goldman Sachs Group lowered Sasol from a “buy” rating to a “neutral” rating in a research note on Monday, February 9th. Weiss Ratings restated a “sell (d+)” rating on shares of Sasol in a report on Wednesday, January 21st. Wall Street Zen cut shares of Sasol from a “buy” rating to a “hold” rating in a research note on Saturday, February 28th. Zacks Research raised shares of Sasol from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 23rd. Finally, JPMorgan Chase & Co. restated an “underweight” rating on shares of Sasol in a research report on Friday, January 16th. One analyst has rated the stock with a Strong Buy rating, three have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.

Sasol Stock Performance

Shares of NYSE:SSL opened at $8.60 on Thursday. The company has a current ratio of 1.66, a quick ratio of 1.09 and a debt-to-equity ratio of 0.53. The business’s fifty day moving average price is $7.39 and its two-hundred day moving average price is $6.75. Sasol has a one year low of $2.78 and a one year high of $9.35.

Institutional Investors Weigh In On Sasol

Institutional investors have recently bought and sold shares of the stock. DGS Capital Management LLC acquired a new position in Sasol during the fourth quarter worth approximately $71,000. Compound Planning Inc. acquired a new stake in shares of Sasol during the 4th quarter worth $67,000. Corient Private Wealth LLC raised its position in shares of Sasol by 13.1% in the 4th quarter. Corient Private Wealth LLC now owns 30,526 shares of the oil and gas company’s stock worth $194,000 after buying an additional 3,537 shares during the period. EP Wealth Advisors LLC purchased a new position in shares of Sasol in the 4th quarter worth $66,000. Finally, XTX Topco Ltd boosted its holdings in Sasol by 202.7% in the fourth quarter. XTX Topco Ltd now owns 61,490 shares of the oil and gas company’s stock valued at $400,000 after acquiring an additional 41,174 shares during the last quarter. 1.21% of the stock is currently owned by hedge funds and other institutional investors.

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.