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 report issued on Monday morning.

Sasol Trading Down 0.9 %

NYSE SSL opened at $4.46 on Monday. The company has a market cap of $2.89 billion, a price-to-earnings ratio of 1.98, a P/E/G ratio of 0.13 and a beta of 2.35. The business has a 50 day moving average price of $5.29 and a 200-day moving average price of $6.61. The company has a quick ratio of 1.58, a current ratio of 2.33 and a debt-to-equity ratio of 0.89. Sasol has a 52 week low of $4.38 and a 52 week high of $10.15.

Institutional Investors Weigh In On Sasol

Institutional investors and hedge funds have recently made changes to their positions in the business. Barclays PLC raised its position in Sasol by 255.9% in the 3rd quarter. Barclays PLC now owns 9,912 shares of the oil and gas company’s stock valued at $67,000 after buying an additional 7,127 shares during the last quarter. Jane Street Group LLC bought a new stake in shares of Sasol in the 3rd quarter worth $75,000. Atomi Financial Group Inc. purchased a new stake in shares of Sasol in the third quarter valued at about $78,000. Blue Trust Inc. lifted its position in shares of Sasol by 145.2% during the third quarter. Blue Trust Inc. now owns 11,892 shares of the oil and gas company’s stock valued at $80,000 after purchasing an additional 7,043 shares in the last quarter. Finally, Private Advisor Group LLC purchased a new position in Sasol during the third quarter worth about $94,000. Institutional investors and hedge funds own 1.21% of the company’s stock.

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.