Sasol (NYSE:SSL) Downgraded by StockNews.com

Sasol (NYSE:SSL) was downgraded by equities research analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Thursday.

Sasol Trading Down 0.5 %

SSL stock opened at $7.62 on Thursday. Sasol has a twelve month low of $6.22 and a twelve month high of $14.26. The firm’s fifty day simple moving average is $7.22 and its two-hundred day simple moving average is $7.88.

Hedge Funds Weigh In On Sasol

Large investors have recently bought and sold shares of the business. CWM LLC boosted its stake in shares of Sasol by 819.9% during the first quarter. CWM LLC now owns 3,330 shares of the oil and gas company’s stock valued at $26,000 after purchasing an additional 2,968 shares during the period. Mather Group LLC. purchased a new position in shares of Sasol during the second quarter worth approximately $28,000. Lindbrook Capital LLC raised its stake in shares of Sasol by 148.9% during the first quarter. Lindbrook Capital LLC now owns 4,817 shares of the oil and gas company’s stock valued at $38,000 after acquiring an additional 2,882 shares in the last quarter. EverSource Wealth Advisors LLC boosted its holdings in shares of Sasol by 3,112.4% in the first quarter. EverSource Wealth Advisors LLC now owns 6,714 shares of the oil and gas company’s stock valued at $52,000 after purchasing an additional 6,505 shares during the period. Finally, PDS Planning Inc bought a new position in Sasol in the first quarter worth approximately $79,000. Hedge funds and other institutional investors own 1.21% of the company’s stock.

Sasol Company Profile

Sasol Limited operates as an integrated chemical and energy company in South Africa. It offers alumina, such as battery materials, catalyst supports, abrasives and polishing, and polymer additives; cobalt fischer-tropsch; carbon-based products; recarburiser; graphite electrodes; mono-ethylene glycol, ethylene, propylene, sasfroth blends, sodium cyanide, caustic soda, hydrochloric acid, sulfuric acid, calcium chloride, chlorine, alcohols, aromatic blends, methyl alcohol, polyethylene, polypropylene, polyvinyl chloride, cresols, xylenols, phenols, limestone ammonium nitrate, ammonium nitrate solution, and nitric acid.