Sasol (NYSE:SSL) Lowered to “Hold” Rating by StockNews.com

StockNews.com downgraded shares of Sasol (NYSE:SSL) from a buy rating to a hold rating in a research report released on Sunday morning.

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

Sasol Stock Up 0.6 %

Shares of NYSE:SSL opened at $4.13 on Friday. The firm has a market capitalization of $2.67 billion, a P/E ratio of 1.82, a P/E/G 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. The stock has a 50 day moving average price of $4.48 and a 200-day moving average price of $5.27. Sasol has a 52-week low of $4.04 and a 52-week high of $9.33.

Hedge Funds Weigh In On Sasol

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Lindbrook Capital LLC grew its stake in shares of Sasol by 76.8% in 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 during the last quarter. Apollon Wealth Management LLC bought a new stake in Sasol in the fourth quarter worth $46,000. Essential Planning LLC. purchased a new stake in shares of Sasol in the fourth quarter worth $46,000. Sivia Capital Partners LLC purchased a new stake in shares of Sasol in the fourth quarter worth $49,000. Finally, HighTower Advisors LLC bought a new position in shares of Sasol during the fourth quarter valued at $49,000. Institutional investors 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.