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

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

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

Sasol Stock Up 0.6 %

Shares of NYSE SSL opened at $4.13 on Friday. The company has a 50 day simple moving average of $4.48 and a 200 day simple moving average of $5.28. The firm has a market cap of $2.67 billion, a PE ratio of 1.82, a price-to-earnings-growth ratio of 0.17 and a beta of 2.31. Sasol has a 1 year low of $4.04 and a 1 year high of $9.33. 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

A number of institutional investors have recently modified their holdings of SSL. Lindbrook Capital LLC lifted its holdings in 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 buying an additional 3,125 shares during the period. Barclays PLC lifted its stake in shares of Sasol by 255.9% in the 3rd quarter. Barclays PLC now owns 9,912 shares of the oil and gas company’s stock valued at $67,000 after purchasing an additional 7,127 shares during the period. Apollon Wealth Management LLC bought a new stake in shares of Sasol during the 4th quarter valued at about $46,000. Essential Planning LLC. acquired a new stake in Sasol during the fourth quarter worth approximately $46,000. Finally, Sivia Capital Partners LLC bought a new stake in Sasol in the fourth quarter worth approximately $49,000. 1.21% of the stock is owned by 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.