StockNews.com Lowers Sasol (NYSE:SSL) to Hold

StockNews.com cut shares of Sasol (NYSE:SSL) from a buy rating to a hold rating in a research note released on Monday morning.

Sasol Stock Down 1.1 %

SSL stock opened at $7.53 on Monday. Sasol has a 1 year low of $6.22 and a 1 year high of $14.26. The stock’s 50 day moving average price is $7.13 and its 200 day moving average price is $8.03.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. PNC Financial Services Group Inc. increased its holdings in shares of Sasol by 12.9% during the 3rd quarter. PNC Financial Services Group Inc. now owns 10,390 shares of the oil and gas company’s stock worth $142,000 after buying an additional 1,185 shares during the last quarter. American Century Companies Inc. increased its holdings in shares of Sasol by 13.9% during the 3rd quarter. American Century Companies Inc. now owns 387,880 shares of the oil and gas company’s stock worth $5,302,000 after buying an additional 47,446 shares during the last quarter. Citigroup Inc. acquired a new stake in shares of Sasol during the 3rd quarter worth $212,000. Ritholtz Wealth Management increased its holdings in Sasol by 5.6% in the 4th quarter. Ritholtz Wealth Management now owns 53,000 shares of the oil and gas company’s stock valued at $527,000 after purchasing an additional 2,812 shares in the last quarter. Finally, International Assets Investment Management LLC acquired a new stake in Sasol in the 4th quarter valued at $1,400,000. Hedge funds and other institutional investors own 1.21% of the company’s stock.

Sasol Company Profile

Sasol Limited operates as an integrated chemical and energy company in South Africa. It offers alumina, such as battery materials, catalyst supports, abrasives and polishing, and polymer additives; cobalt fischer-tropsch; carbon-based products; recarburiser; graphite electrodes; mono-ethylene glycol, ethylene, propylene, sasfroth blends, sodium cyanide, caustic soda, hydrochloric acid, sulfuric acid, calcium chloride, chlorine, alcohols, aromatic blends, methyl alcohol, polyethylene, polypropylene, polyvinyl chloride, cresols, xylenols, phenols, limestone ammonium nitrate, ammonium nitrate solution, and nitric acid.