Sasol (NYSE:SSL) Upgraded at StockNews.com

StockNews.com upgraded shares of Sasol (NYSE:SSL) from a hold rating to a buy rating in a research note published on Thursday morning.

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

Sasol Stock Up 2.0 %

SSL opened at $3.59 on Thursday. The company has a quick ratio of 1.58, a current ratio of 2.33 and a debt-to-equity ratio of 0.89. The business’s fifty day simple moving average is $3.76 and its 200 day simple moving average is $4.56. Sasol has a 52 week low of $2.78 and a 52 week high of $8.40. The firm has a market cap of $2.33 billion, a P/E ratio of 1.58, a PEG ratio of 0.17 and a beta of 0.71.

Hedge Funds Weigh In On Sasol

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. ABC Arbitrage SA purchased a new stake in shares of Sasol during the fourth quarter worth $730,000. American Century Companies Inc. lifted its holdings in shares of Sasol by 6.1% during the 4th quarter. American Century Companies Inc. now owns 659,263 shares of the oil and gas company’s stock valued at $3,006,000 after buying an additional 38,029 shares during the last quarter. Barclays PLC grew 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 buying an additional 7,127 shares in the last quarter. SBI Securities Co. Ltd. acquired a new position in Sasol in the fourth quarter worth approximately $50,000. Finally, Rhumbline Advisers raised its position in Sasol by 191.6% during the fourth quarter. Rhumbline Advisers now owns 15,129 shares of the oil and gas company’s stock valued at $69,000 after acquiring an additional 9,940 shares in the last quarter. Institutional investors and hedge funds 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.