Sasol (NYSE:SSL - Get Free Report) was downgraded by stock analysts at StockNews.com from a "buy" rating to a "hold" rating in a research report issued on Friday.
Separately, Bank of America cut Sasol from a "buy" rating to a "neutral" rating in a research report on Thursday, February 6th.
Check Out Our Latest Analysis on Sasol
Sasol Trading Down 2.4%
Shares of SSL stock opened at $3.72 on Friday. The company has a debt-to-equity ratio of 0.89, a current ratio of 2.33 and a quick ratio of 1.58. The company has a market cap of $2.41 billion, a price-to-earnings ratio of 1.64, a PEG ratio of 0.17 and a beta of 0.71. Sasol has a 1 year low of $2.78 and a 1 year high of $8.40. The firm has a fifty day moving average price of $3.72 and a 200-day moving average price of $4.51.
Institutional Trading of Sasol
A number of hedge funds and other institutional investors have recently modified their holdings of SSL. ABC Arbitrage SA bought a new position in Sasol in the 4th quarter worth $730,000. American Century Companies Inc. boosted 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 during the period. SBI Securities Co. Ltd. purchased a new stake in shares of Sasol during the fourth quarter worth about $50,000. Rhumbline Advisers grew its position in shares of Sasol by 191.6% during the fourth quarter. Rhumbline Advisers now owns 15,129 shares of the oil and gas company's stock worth $69,000 after purchasing an additional 9,940 shares in the last quarter. Finally, Blue Trust Inc. raised its stake in Sasol by 80.4% during the 4th quarter. Blue Trust Inc. now owns 21,456 shares of the oil and gas company's stock valued at $98,000 after purchasing an additional 9,564 shares during the period. 1.21% of the stock is owned by hedge funds and other institutional investors.
Sasol Company Profile
(
Get Free Report)
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.
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