Sasol (NYSE:SSL) Stock Rating Lowered by Bank of America

Sasol (NYSE:SSL) was downgraded by research analysts at Bank of America from a “buy” rating to a “neutral” rating in a note issued to investors on Thursday, MarketBeat.com reports.

Separately, StockNews.com upgraded shares of Sasol from a “hold” rating to a “buy” rating in a research report on Monday, December 30th.

Sasol Price Performance

Shares of NYSE:SSL opened at $4.21 on Thursday. Sasol has a fifty-two week low of $4.20 and a fifty-two 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 firm has a fifty day moving average price of $4.84 and a 200 day moving average price of $6.09. The firm has a market cap of $2.73 billion, a price-to-earnings ratio of 1.81, a P/E/G ratio of 0.12 and a beta of 2.31.

Hedge Funds Weigh In On Sasol

Several institutional investors have recently bought and sold shares of SSL. HighTower Advisors LLC purchased a new stake in shares of Sasol in the fourth quarter valued at $49,000. Generali Investments CEE investicni spolecnost a.s. purchased a new stake in shares of Sasol in the fourth quarter valued at $1,674,000. Pinnacle Wealth Planning Services Inc. raised 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 acquiring an additional 16,462 shares during the period. Lindbrook Capital LLC raised its stake in shares of Sasol by 76.8% in the fourth quarter. Lindbrook Capital LLC now owns 7,194 shares of the oil and gas company’s stock valued at $33,000 after acquiring an additional 3,125 shares during the period. Finally, Raymond James Financial Inc. purchased a new stake in shares of Sasol in the fourth quarter valued at $54,000. 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.