Sasol (NYSE:SSL) Cut to Hold at StockNews.com

StockNews.com lowered shares of Sasol (NYSE:SSL) from a buy rating to a hold rating in a research report report published on Friday.

Separately, Bank of America lowered shares of Sasol from a “buy” rating to a “neutral” rating in a research report on Thursday, February 6th.

Sasol Price Performance

Shares of NYSE:SSL opened at $4.33 on Friday. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.58 and a current ratio of 2.33. The firm has a fifty day moving average price of $4.62 and a 200 day moving average price of $5.49. Sasol has a fifty-two week low of $4.04 and a fifty-two week high of $9.33. The firm has a market cap of $2.80 billion, a price-to-earnings ratio of 1.91, a P/E/G ratio of 0.17 and a beta of 2.31.

Hedge Funds Weigh In On Sasol

Several institutional investors have recently bought and sold shares of the business. Lindbrook Capital LLC lifted its position in Sasol by 76.8% during the fourth quarter. Lindbrook Capital LLC now owns 7,194 shares of the oil and gas company’s stock valued at $33,000 after purchasing an additional 3,125 shares during the last quarter. Quantinno Capital Management LP lifted its holdings in shares of Sasol by 16.6% in the 3rd quarter. Quantinno Capital Management LP now owns 28,073 shares of the oil and gas company’s stock worth $190,000 after acquiring an additional 4,000 shares during the last quarter. Vident Advisory LLC lifted its holdings in shares of Sasol by 11.2% in the 4th quarter. Vident Advisory LLC now owns 40,690 shares of the oil and gas company’s stock worth $186,000 after acquiring an additional 4,108 shares during the last quarter. Ameriprise Financial Inc. lifted its holdings in shares of Sasol by 29.5% in the 4th quarter. Ameriprise Financial Inc. now owns 22,028 shares of the oil and gas company’s stock worth $100,000 after acquiring an additional 5,021 shares during the last quarter. Finally, Ballentine Partners LLC lifted its holdings in shares of Sasol by 26.1% in the 4th quarter. Ballentine Partners LLC now owns 24,353 shares of the oil and gas company’s stock worth $111,000 after acquiring an additional 5,045 shares during the last quarter. Institutional investors own 1.21% of the company’s stock.

Sasol Company Profile

Sasol Limited operates as a chemical and energy company in South Africa and internationally. It offers alumina, such as battery materials, catalyst supports, abrasives and polishing, and polymer additives; cobalt fischer-tropsch catalysts; carbon-based and recarburiser products; graphite electrodes; and mono-ethylene glycol and chlor-alkali products, monomers, mining chemicals and reagents, blends and hydrocarbons, methanol products, polymers, phenolics, and fertilizers.