Sasol (NYSE:SSL) Stock Rating Upgraded by StockNews.com

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

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

Sasol Stock Down 1.8 %

Sasol stock opened at $4.15 on Friday. The stock has a market cap of $2.69 billion, a PE ratio of 1.83, a price-to-earnings-growth ratio of 0.17 and a beta of 2.31. 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 one year low of $4.04 and a one year high of $9.33. The stock has a fifty day moving average of $4.59 and a 200 day moving average of $5.39.

Institutional Trading of Sasol

Several hedge funds have recently bought and sold shares of SSL. Lindbrook Capital LLC grew its holdings in Sasol by 76.8% during the fourth quarter. Lindbrook Capital LLC now owns 7,194 shares of the oil and gas company’s stock valued at $33,000 after purchasing an additional 3,125 shares during the period. Apollon Wealth Management LLC bought a new stake in Sasol during the fourth quarter valued at about $46,000. Essential Planning LLC. bought a new stake in Sasol during the fourth quarter valued at about $46,000. Sivia Capital Partners LLC bought a new stake in Sasol during the fourth quarter valued at about $49,000. Finally, HighTower Advisors LLC bought a new stake in Sasol during the fourth quarter valued at about $49,000. Institutional investors 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.