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

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

A number of other equities research analysts have also commented on the company. Weiss Ratings upgraded Sasol from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, October 8th. Bank of America upgraded Sasol from a “neutral” rating to a “buy” rating in a research report on Wednesday, September 9th. Finally, Wall Street Zen raised Sasol from a “hold” rating to a “strong-buy” rating in a research note on Saturday, September 5th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold”.

Sasol Stock Up 0.9%

NYSE:SSL opened at $13.91 on Monday. Sasol has a 12 month low of $5.97 and a 12 month high of $18.19. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.17 and a current ratio of 1.79. The company’s 50-day moving average price is $14.88 and its two-hundred day moving average price is $12.11.

Sasol (NYSE:SSL) last posted its quarterly earnings data on Friday, August 14th. The oil and gas company reported $0.56 earnings per share for the quarter. The firm had revenue of $4.61 billion for the quarter. Equities analysts predict that Sasol will post 2.99 EPS for the current year.

Insider Activity at Sasol

In related news, EVP Victor Bester sold 2,852 shares of the firm’s stock in a transaction that occurred on Tuesday, September 8th. The shares were sold at an average price of $12.70, for a total value of $36,220.40. Following the completion of the sale, the executive vice president owned 26,855 shares of the company’s stock, valued at $341,058.50. This trade represents a 9.60% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Vuyo Dominic Kahla sold 22,608 shares of the business’s stock in a transaction that occurred on Tuesday, September 8th. The stock was sold at an average price of $12.70, for a total transaction of $287,121.60. Following the completion of the transaction, the executive vice president owned 114,792 shares of the company’s stock, valued at $1,457,858.40. This trade represents a 16.45% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 60,412 shares of company stock valued at $800,983 over the last ninety days. Company insiders own 1.00% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of SSL. Private Advisor Group LLC bought a new stake in shares of Sasol during the third quarter worth $334,000. Ieq Capital LLC boosted its holdings in Sasol by 27.5% in the third quarter. Ieq Capital LLC now owns 29,957 shares of the oil and gas company’s stock valued at $414,000 after acquiring an additional 6,468 shares during the last quarter. Hantz Financial Services Inc. boosted its holdings in Sasol by 36.3% in the third quarter. Hantz Financial Services Inc. now owns 9,246 shares of the oil and gas company’s stock valued at $128,000 after acquiring an additional 2,461 shares during the last quarter. Ritholtz Wealth Management increased its position in Sasol by 72.0% in the third quarter. Ritholtz Wealth Management now owns 165,029 shares of the oil and gas company’s stock worth $2,281,000 after purchasing an additional 69,090 shares during the period. Finally, D Orazio & Associates Inc. increased its position in Sasol by 39.0% in the third quarter. D Orazio & Associates Inc. now owns 16,014 shares of the oil and gas company’s stock worth $221,000 after purchasing an additional 4,496 shares during the period. 1.21% of the stock is currently owned by institutional investors.

Sasol Company Profile

Sasol is an integrated energy and chemicals company headquartered in South Africa. Founded in 1950, it developed expertise in converting coal and natural gas into liquid fuels and chemical products, including through Fischer-Tropsch technology. The company produces and markets fuels, such as gasoline, diesel and aviation fuel, as well as a broad range of chemicals used in industries including manufacturing, agriculture and consumer goods. Its activities span energy and chemicals value chains, from feedstock processing to product marketing.