Sasol (NYSE:SSL) Stock Rating Lowered by StockNews.com

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

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

Sasol Trading Up 0.6 %

Shares of NYSE:SSL opened at $4.13 on Friday. The company has a debt-to-equity ratio of 0.89, a current ratio of 2.33 and a quick ratio of 1.58. Sasol has a 1 year low of $4.04 and a 1 year high of $9.33. The company has a market cap of $2.67 billion, a P/E ratio of 1.82, a PEG ratio of 0.17 and a beta of 2.31. The stock’s fifty day moving average price is $4.48 and its 200-day moving average price is $5.27.

Institutional Investors Weigh In On Sasol

A number of hedge funds have recently added to or reduced their stakes in SSL. Lindbrook Capital LLC boosted its stake in shares of Sasol by 76.8% in the 4th quarter. Lindbrook Capital LLC now owns 7,194 shares of the oil and gas company’s stock worth $33,000 after buying an additional 3,125 shares during the last quarter. Apollon Wealth Management LLC purchased a new position in Sasol in the fourth quarter worth about $46,000. Essential Planning LLC. purchased a new position in Sasol in the fourth quarter worth about $46,000. Sivia Capital Partners LLC bought a new stake in shares of Sasol during the 4th quarter valued at about $49,000. Finally, HighTower Advisors LLC purchased a new stake in shares of Sasol during the 4th quarter valued at about $49,000. 1.21% of the stock is currently owned by hedge funds and other institutional investors.

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.