Sasol (NYSE:SSL) Rating Lowered to Neutral at Bank of America

Sasol (NYSE:SSL) was downgraded by Bank of America from a “buy” rating to a “neutral” rating in a research note issued to investors on Thursday, MarketBeat.com reports.

Separately, StockNews.com raised shares of Sasol from a “hold” rating to a “buy” rating in a research note on Monday, December 30th.

Sasol Trading Down 4.3 %

SSL stock opened at $4.21 on Thursday. The company has a market capitalization of $2.73 billion, a PE ratio of 1.81, a P/E/G ratio of 0.12 and a beta of 2.31. Sasol has a 12 month low of $4.20 and a 12 month high of $9.33. The firm’s 50-day moving average is $4.84 and its 200 day moving average is $6.09. The company has a debt-to-equity ratio of 0.89, a current ratio of 2.33 and a quick ratio of 1.58.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Lindbrook Capital LLC grew its holdings in Sasol by 76.8% during the 4th quarter. Lindbrook Capital LLC now owns 7,194 shares of the oil and gas company’s stock worth $33,000 after acquiring an additional 3,125 shares in the last quarter. Barclays PLC grew its holdings in Sasol by 255.9% during the 3rd quarter. Barclays PLC now owns 9,912 shares of the oil and gas company’s stock worth $67,000 after acquiring an additional 7,127 shares in the last quarter. Apollon Wealth Management LLC bought a new position in Sasol during the 4th quarter worth about $46,000. Sivia Capital Partners LLC bought a new position in Sasol during the 4th quarter worth about $49,000. Finally, HighTower Advisors LLC bought a new position in Sasol during the 4th quarter worth about $49,000. 1.21% of the stock is currently owned by institutional investors.

About Sasol

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.