Sasol (NYSE:SSL) Stock Rating Lowered by 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 Friday morning.

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

Sasol Trading Up 5.0 %

NYSE SSL opened at $4.33 on Friday. Sasol has a one year low of $4.04 and a one year high of $9.33. The company has a market capitalization of $2.80 billion, a price-to-earnings ratio of 1.91, 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. The company’s 50-day simple moving average is $4.62 and its two-hundred day simple moving average is $5.49.

Institutional Trading of Sasol

A number of institutional investors have recently bought and sold shares of the stock. US Bancorp DE lifted its stake in Sasol by 51.7% during the 3rd quarter. US Bancorp DE now owns 20,986 shares of the oil and gas company’s stock valued at $142,000 after acquiring an additional 7,150 shares during the period. Cerity Partners LLC lifted its stake in Sasol by 173.2% during the 3rd quarter. Cerity Partners LLC now owns 63,417 shares of the oil and gas company’s stock valued at $429,000 after acquiring an additional 40,206 shares during the period. Verition Fund Management LLC acquired a new stake in Sasol during the 3rd quarter valued at approximately $106,000. Centiva Capital LP lifted its stake in Sasol by 102.6% during the 3rd quarter. Centiva Capital LP now owns 39,959 shares of the oil and gas company’s stock valued at $270,000 after acquiring an additional 20,240 shares during the period. Finally, Point72 Asset Management L.P. increased its holdings in shares of Sasol by 312.8% during the 3rd quarter. Point72 Asset Management L.P. now owns 296,800 shares of the oil and gas company’s stock valued at $2,006,000 after purchasing an additional 224,900 shares in the last quarter. 1.21% of the stock is currently owned by institutional investors and hedge funds.

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.