Sasol (NYSE:SSL) Reaches New 12-Month High - Time to Buy?

Sasol Ltd. (NYSE:SSL - Get Free Report)'s share price reached a new 52-week high on Wednesday . The stock traded as high as $7.50 and last traded at $7.4840, with a volume of 317647 shares changing hands. The stock had previously closed at $7.07.Wall Street Analysts Forecast GrowthSeveral brokerages recently commented on SSL. Morgan Stanley lowered Sasol from an "overweight" rating to an "equal weight" rating in a research report on Monday, September 22nd. Weiss Ratings reissued a "sell (d+)" rating on shares of Sasol in a research report on Wednesday, October 8th. Zacks Research lowered shares of Sasol from a "hold" rating to a "strong sell" rating in a research report on Tuesday, November 25th. Finally, Wall Street Zen cut Sasol from a "strong-buy" rating to a "buy" rating in a research note on Saturday, November 15th. Two research analysts have rated the stock with a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Reduce".Read Our Latest Report on SSLSasol Stock PerformanceThe company has a current ratio of 1.87, a quick ratio of 1.27 and a debt-to-equity ratio of 0.66. The business has a 50-day moving average price of $6.53 and a two-hundred day moving average price of $6.11. Hedge Funds Weigh In On SasolSeveral hedge funds have recently modified their holdings of the stock. EverSource Wealth Advisors LLC raised its holdings in Sasol by 347.3% in the second quarter. EverSource Wealth Advisors LLC now owns 8,960 shares of the oil and gas company's stock worth $40,000 after purchasing an additional 6,957 shares in the last quarter. Sivia Capital Partners LLC acquired a new position in Sasol during the second quarter worth approximately $52,000. GAMMA Investing LLC grew its holdings in Sasol by 107.9% during 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 during the period. Brevan Howard Capital Management LP acquired a new position in shares of Sasol in the third quarter worth $63,000. Finally, Centiva Capital LP purchased a new position in shares of Sasol in the 3rd quarter worth $67,000. Hedge funds and other institutional investors own 1.21% of the company's stock. 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 SasolThis $15 Stock Could Go Down as the #1 Stock of 2026Trump Planning to Use Public Law 63-43: Prepare Now“Ominous day” coming to stocks…If You Keep Cash In A U.S. Bank Account… Read This NOWPunch these codes into your ordinary brokerage accountThis 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 Reduce rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here