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

StockNews.com downgraded shares of Sasol (NYSE:SSL) from a buy rating to a hold rating in a research report sent to investors on Thursday.

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

Sasol Stock Performance

Shares of SSL stock opened at $4.39 on Thursday. 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 business has a fifty day moving average of $4.86 and a 200 day moving average of $6.11. Sasol has a 1 year low of $4.28 and a 1 year high of $9.33.

Hedge Funds Weigh In On Sasol

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SSL. Point72 Asset Management L.P. raised its position in shares of Sasol by 312.8% during the 3rd quarter. Point72 Asset Management L.P. now owns 296,800 shares of the oil and gas company’s stock worth $2,006,000 after purchasing an additional 224,900 shares during the last quarter. ABC Arbitrage SA acquired a new position in shares of Sasol during the fourth quarter valued at approximately $730,000. Creative Planning lifted its position in shares of Sasol by 21.8% in the third quarter. Creative Planning now owns 144,902 shares of the oil and gas company’s stock valued at $980,000 after acquiring an additional 25,961 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new stake in shares of Sasol in the third quarter worth approximately $670,000. Finally, Cerity Partners LLC increased its position in shares of Sasol by 173.2% during the third quarter. Cerity Partners LLC now owns 63,417 shares of the oil and gas company’s stock worth $429,000 after purchasing an additional 40,206 shares in the last quarter. 1.21% of the stock is owned by hedge funds and other institutional investors.

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.