Sasol (NYSE:SSL) Rating Increased to Buy at StockNews.com

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

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

Sasol Stock Performance

NYSE SSL opened at $4.15 on Friday. Sasol has a 1-year low of $4.04 and a 1-year high of $9.33. The company has a market capitalization of $2.69 billion, a P/E ratio of 1.83, a PEG ratio of 0.17 and a beta of 2.31. The business has a 50 day moving average price of $4.59 and a 200 day moving average price of $5.40. The company has a debt-to-equity ratio of 0.89, a current ratio of 2.33 and a quick ratio of 1.58.

Institutional Investors Weigh In On Sasol

Several institutional investors and hedge funds have recently modified their holdings of the stock. Two Sigma Investments LP boosted its position in shares of Sasol by 100.7% in 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 during the period. Millennium Management LLC lifted its stake in shares of Sasol by 2,401.8% in the fourth quarter. Millennium Management LLC now owns 825,444 shares of the oil and gas company’s stock worth $3,764,000 after acquiring an additional 792,450 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its stake in shares of Sasol by 9.5% in 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 acquiring an additional 68,978 shares in the last quarter. Renaissance Technologies LLC lifted its stake in shares of Sasol by 119.0% in the fourth quarter. Renaissance Technologies LLC now owns 670,011 shares of the oil and gas company’s stock worth $3,055,000 after acquiring an additional 364,111 shares in the last quarter. Finally, American Century Companies Inc. lifted its stake in shares of Sasol by 6.1% in 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 acquiring an additional 38,029 shares in the last quarter. Hedge funds and other institutional investors own 1.21% of the company’s stock.

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.