Sasol (NYSE:SSL) Lifted to “Buy” at StockNews.com

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

Sasol Price Performance

Shares of SSL opened at $7.31 on Friday. Sasol has a twelve month low of $6.22 and a twelve month high of $14.26. The stock’s 50 day moving average is $7.23 and its two-hundred day moving average is $7.76.

Institutional Investors Weigh In On Sasol

A number of institutional investors have recently added to or reduced their stakes in SSL. American Century Companies Inc. boosted its stake 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 acquiring an additional 47,446 shares in the last quarter. Citigroup Inc. purchased a new stake in Sasol during the 3rd quarter worth $212,000. Ritholtz Wealth Management boosted its position 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 buying an additional 2,812 shares during the last quarter. International Assets Investment Management LLC purchased a new position in Sasol in the 4th quarter valued at about $1,400,000. Finally, BNP Paribas Financial Markets boosted its position in Sasol by 7,100.7% in the 4th quarter. BNP Paribas Financial Markets now owns 65,814 shares of the oil and gas company’s stock valued at $654,000 after buying an additional 64,900 shares during the last quarter. 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.