Sasol (NYSE:SSL) Downgraded to Hold Rating by StockNews.com

Sasol (NYSE:SSL) was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating in a report released on Sunday.

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

Sasol Trading Up 2.8 %

Sasol stock opened at $4.25 on Friday. The business’s 50-day simple moving average is $4.46 and its 200-day simple moving average is $5.26. Sasol has a 52 week low of $4.04 and a 52 week high of $9.33. The firm has a market capitalization of $2.75 billion, a PE ratio of 1.87, a PEG 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 Trading of Sasol

Several hedge funds and other institutional investors have recently bought and sold shares of SSL. Pinnacle Wealth Planning Services Inc. lifted its stake in shares of Sasol by 97.4% in the fourth quarter. Pinnacle Wealth Planning Services Inc. now owns 33,358 shares of the oil and gas company’s stock valued at $152,000 after buying an additional 16,462 shares during the period. Vident Advisory LLC lifted its position in shares of Sasol by 11.2% in the 4th quarter. Vident Advisory LLC now owns 40,690 shares of the oil and gas company’s stock worth $186,000 after acquiring an additional 4,108 shares during the period. Two Sigma Advisers LP lifted its position in shares of Sasol by 108.8% in the 4th quarter. Two Sigma Advisers LP now owns 610,200 shares of the oil and gas company’s stock worth $2,783,000 after acquiring an additional 317,900 shares during the period. Two Sigma Investments LP grew its holdings in shares of Sasol by 100.7% during the 4th quarter. Two Sigma Investments LP now owns 1,054,238 shares of the oil and gas company’s stock worth $4,807,000 after purchasing an additional 528,860 shares in the last quarter. Finally, Point72 Asset Management L.P. increased its position in shares of Sasol by 45.9% during the fourth quarter. Point72 Asset Management L.P. now owns 433,100 shares of the oil and gas company’s stock valued at $1,975,000 after purchasing an additional 136,300 shares during the period. 1.21% of the stock is currently owned by institutional investors and hedge funds.

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.