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

Sasol (NYSE:SSL) was downgraded by equities researchers at StockNews.com from a “buy” rating to a “hold” rating in a report issued on Thursday.

Sasol Stock Down 0.5 %

SSL opened at $7.62 on Thursday. Sasol has a 12 month low of $6.22 and a 12 month high of $14.26. The company has a 50 day moving average of $7.22 and a 200 day moving average of $7.88.

Hedge Funds Weigh In On Sasol

Several hedge funds have recently bought and sold shares of SSL. Greenleaf Trust increased its stake in Sasol by 15.7% in the 1st quarter. Greenleaf Trust now owns 11,993 shares of the oil and gas company’s stock worth $94,000 after acquiring an additional 1,623 shares during the last quarter. O Shaughnessy Asset Management LLC increased its stake in Sasol by 2.5% in the first quarter. O Shaughnessy Asset Management LLC now owns 78,516 shares of the oil and gas company’s stock valued at $613,000 after acquiring an additional 1,900 shares during the last quarter. CWM LLC boosted its holdings in shares of Sasol by 62.7% in the 2nd quarter. CWM LLC now owns 5,417 shares of the oil and gas company’s stock worth $41,000 after purchasing an additional 2,087 shares in the last quarter. Ritholtz Wealth Management increased its position in shares of Sasol by 5.6% during 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 during the last quarter. Finally, Lindbrook Capital LLC lifted its position in Sasol by 148.9% in the 1st quarter. Lindbrook Capital LLC now owns 4,817 shares of the oil and gas company’s stock worth $38,000 after buying an additional 2,882 shares during the last quarter. Hedge funds and other institutional investors own 1.21% of the company’s stock.

About Sasol

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.