Sasol (NYSE:SSL) Rating Lowered to Hold at StockNews.com

Sasol (NYSE:SSL) 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.

Sasol Trading Up 5.0 %

Sasol stock opened at $4.33 on Friday. Sasol has a 52 week low of $4.04 and a 52 week high of $9.33. 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 market capitalization of $2.80 billion, a P/E ratio of 1.91, a PEG ratio of 0.17 and a beta of 2.31. The stock has a 50-day simple moving average of $4.62 and a 200 day simple moving average of $5.51.

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.