Sasol (NYSE:SSL) Upgraded at StockNews.com

StockNews.com upgraded shares of Sasol (NYSE:SSL) from a hold rating to a buy rating in a research note published on Thursday.

Separately, Bank of America downgraded Sasol from a “buy” rating to a “neutral” rating in a report on Thursday, February 6th.

Sasol Stock Performance

Shares of SSL opened at $4.37 on Thursday. The firm’s 50 day moving average price is $4.65 and its two-hundred day moving average price is $5.64. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.58 and a current ratio of 2.33. Sasol has a twelve month low of $4.04 and a twelve month high of $9.33. The firm has a market cap of $2.83 billion, a P/E ratio of 1.92, a PEG ratio of 0.17 and a beta of 2.31.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in SSL. Lindbrook Capital LLC lifted its position 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 buying an additional 3,125 shares in the last quarter. Apollon Wealth Management LLC bought a new stake in Sasol during the fourth quarter worth about $46,000. Essential Planning LLC. acquired a new position in Sasol during the fourth quarter valued at approximately $46,000. Sivia Capital Partners LLC bought a new position in Sasol in the fourth quarter valued at approximately $49,000. Finally, HighTower Advisors LLC bought a new position in Sasol in the fourth quarter valued at approximately $49,000. Institutional investors and hedge funds own 1.21% of the company’s stock.

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.