Sasol (NYSE:SSL) Upgraded at StockNews.com

Sasol (NYSE:SSL) was upgraded by investment analysts at StockNews.com from a “hold” rating to a “buy” rating in a research report issued on Saturday.

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

Sasol Price Performance

Shares of NYSE:SSL opened at $4.15 on Friday. 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 $5.40. The company has a market capitalization 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.

Institutional Investors Weigh In On Sasol

Hedge funds and other institutional investors have recently made changes to their positions in the business. Two Sigma Investments LP grew its position in Sasol by 100.7% during the fourth quarter. Two Sigma Investments LP now owns 1,054,238 shares of the oil and gas company’s stock worth $4,807,000 after buying an additional 528,860 shares in the last quarter. Millennium Management LLC grew its position in Sasol by 2,401.8% during the fourth quarter. Millennium Management LLC now owns 825,444 shares of the oil and gas company’s stock worth $3,764,000 after buying an additional 792,450 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its position in Sasol by 9.5% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 792,140 shares of the oil and gas company’s stock worth $3,612,000 after buying an additional 68,978 shares in the last quarter. Renaissance Technologies LLC grew its position in Sasol by 119.0% during the fourth quarter. Renaissance Technologies LLC now owns 670,011 shares of the oil and gas company’s stock worth $3,055,000 after buying an additional 364,111 shares in the last quarter. Finally, American Century Companies Inc. grew its position in Sasol by 6.1% during the fourth quarter. American Century Companies Inc. now owns 659,263 shares of the oil and gas company’s stock worth $3,006,000 after buying an additional 38,029 shares in the last quarter. 1.21% of the stock is 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.