Sasol (NYSE:SSL – Get Free Report) was downgraded by equities researchers at StockNews.com from a “buy” rating to a “hold” rating in a report released on Friday.
Separately, Bank of America cut Sasol from a “buy” rating to a “neutral” rating in a report on Thursday, February 6th.
Check Out Our Latest Research Report on Sasol
Sasol Trading Up 5.0 %
Hedge Funds Weigh In On Sasol
A number of hedge funds and other institutional investors 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 worth $33,000 after purchasing an additional 3,125 shares during the period. Apollon Wealth Management LLC acquired a new stake in Sasol during the fourth quarter worth approximately $46,000. Essential Planning LLC. acquired a new stake in Sasol during the fourth quarter worth approximately $46,000. Sivia Capital Partners LLC acquired a new stake in Sasol during the fourth quarter worth approximately $49,000. Finally, HighTower Advisors LLC acquired a new stake in Sasol during the fourth quarter worth approximately $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.
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