Sasol (NYSE:SSL) Sets New 1-Year High Following Analyst Upgrade

Sasol Ltd. (NYSE:SSL - Get Free Report)'s share price hit a new 52-week high during mid-day trading on Saturday after Wall Street Zen upgraded the stock from a buy rating to a strong-buy rating. The company traded as high as $7.54 and last traded at $7.4850, with a volume of 2354315 shares changing hands. The stock had previously closed at $7.05.SSL has been the topic of a number of other research reports. Weiss Ratings reissued a "sell (d+)" rating on shares of Sasol in a research note on Wednesday. Zacks Research lowered Sasol from a "hold" rating to a "strong sell" rating in a report on Tuesday, November 25th. Finally, JPMorgan Chase & Co. reiterated an "underweight" rating on shares of Sasol in a research report on Friday, January 16th. Two analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the company's stock. Based on data from MarketBeat, Sasol currently has an average rating of "Strong Sell".Read Our Latest Research Report on SSLInstitutional Investors Weigh In On SasolA number of institutional investors have recently bought and sold shares of the business. GAMMA Investing LLC increased its holdings in shares of Sasol by 107.9% in 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. EverSource Wealth Advisors LLC grew its position in Sasol by 347.3% during the second quarter. EverSource Wealth Advisors LLC now owns 8,960 shares of the oil and gas company's stock valued at $40,000 after purchasing an additional 6,957 shares in the last quarter. Brevan Howard Capital Management LP acquired a new position in Sasol in the 3rd quarter valued at approximately $63,000. Centiva Capital LP purchased a new stake in Sasol in the 3rd quarter worth approximately $67,000. Finally, Sivia Capital Partners LLC acquired a new stake in shares of Sasol during the 2nd quarter valued at $52,000. 1.21% of the stock is currently owned by institutional investors and hedge funds. Sasol Stock PerformanceThe company has a debt-to-equity ratio of 0.66, a quick ratio of 1.27 and a current ratio of 1.87. The firm's fifty day moving average price is $6.54 and its 200 day moving average price is $6.20. About Sasol (Get Free Report)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.See AlsoFive stocks we like better than SasolBuy This Stock at 9:30 AM on MONDAY!INVESTOR ALERT: Tiny “$3 AI Wonder Stock” on the Verge of Blasting OffIf You Keep Cash In A U.S. Bank Account… Read This NOWThe $100 Trillion AI Story No One Is Telling YouNEW LAW: Congress Approves Setup For Digital Dollar?This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Sasol Right Now?Before you consider Sasol, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Sasol wasn't on the list.While Sasol currently has a Strong Sell rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here