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

StockNews.com lowered shares of Sasol (NYSE:SSL) from a buy rating to a hold rating in a research note issued to investors on Sunday.

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

Sasol Trading Up 2.0 %

Shares of NYSE:SSL opened at $4.32 on Friday. The company has a market capitalization of $2.80 billion, a PE ratio of 1.90, a PEG ratio of 0.17 and a beta of 2.31. Sasol has a 12-month low of $4.04 and a 12-month high of $9.33. The business has a 50 day moving average of $4.44 and a two-hundred day moving average of $5.24. The company has a current ratio of 2.33, a quick ratio of 1.58 and a debt-to-equity ratio of 0.89.

Hedge Funds Weigh In On Sasol

A number of large investors have recently bought and sold shares of the business. Lindbrook Capital LLC increased its position in shares of Sasol by 76.8% in the fourth quarter. Lindbrook Capital LLC now owns 7,194 shares of the oil and gas company’s stock valued at $33,000 after buying an additional 3,125 shares in the last quarter. Quantinno Capital Management LP grew its stake in Sasol by 16.6% in the 3rd quarter. Quantinno Capital Management LP now owns 28,073 shares of the oil and gas company’s stock valued at $190,000 after acquiring an additional 4,000 shares during the period. Vident Advisory LLC increased its holdings in Sasol by 11.2% in the 4th quarter. Vident Advisory LLC now owns 40,690 shares of the oil and gas company’s stock worth $186,000 after acquiring an additional 4,108 shares in the last quarter. Ameriprise Financial Inc. raised its position in Sasol by 29.5% during the fourth quarter. Ameriprise Financial Inc. now owns 22,028 shares of the oil and gas company’s stock worth $100,000 after acquiring an additional 5,021 shares during the period. Finally, Ballentine Partners LLC lifted its holdings in Sasol by 26.1% during the fourth quarter. Ballentine Partners LLC now owns 24,353 shares of the oil and gas company’s stock valued at $111,000 after purchasing an additional 5,045 shares in the last quarter. 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.