StockNews.com upgraded shares of Sasol (NYSE:SSL - Free Report) from a hold rating to a buy rating in a research report report published on Thursday.
Separately, Bank of America lowered shares of Sasol from a "buy" rating to a "neutral" rating in a research report on Thursday, February 6th.
View Our Latest Research Report on Sasol
Sasol Price Performance
Shares of SSL stock traded up $0.07 during trading hours on Thursday, reaching $3.79. The company had a trading volume of 151,345 shares, compared to its average volume of 902,105. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.58 and a current ratio of 2.33. Sasol has a 12-month low of $2.78 and a 12-month high of $8.40. The stock has a fifty day moving average of $3.75 and a 200-day moving average of $4.53. The company has a market capitalization of $2.46 billion, a price-to-earnings ratio of 1.67, a PEG ratio of 0.17 and a beta of 0.71.
Institutional Trading of Sasol
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Lindbrook Capital LLC increased its position in shares of Sasol by 76.8% during the fourth quarter. Lindbrook Capital LLC now owns 7,194 shares of the oil and gas company's stock worth $33,000 after acquiring an additional 3,125 shares in the last quarter. Blue Trust Inc. boosted its position in Sasol by 24.9% during the first quarter. Blue Trust Inc. now owns 17,229 shares of the oil and gas company's stock worth $73,000 after purchasing an additional 3,433 shares during the period. QRG Capital Management Inc. raised its position in shares of Sasol by 22.8% in the first quarter. QRG Capital Management Inc. now owns 20,463 shares of the oil and gas company's stock valued at $87,000 after purchasing an additional 3,803 shares during the period. Vident Advisory LLC lifted its stake in shares of Sasol by 11.2% during the 4th quarter. Vident Advisory LLC now owns 40,690 shares of the oil and gas company's stock worth $186,000 after buying an additional 4,108 shares during the last quarter. Finally, US Bancorp DE boosted its holdings in shares of Sasol by 27.5% during the 1st quarter. US Bancorp DE now owns 20,604 shares of the oil and gas company's stock worth $87,000 after buying an additional 4,442 shares during the period. Institutional investors and hedge funds own 1.21% of the company's stock.
About Sasol
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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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