StockNews.com upgraded shares of Sasol (NYSE:SSL - Free Report) from a hold rating to a buy rating in a research note released on Tuesday.
Separately, Bank of America downgraded shares of Sasol from a "buy" rating to a "neutral" rating in a report on Thursday, February 6th.
Check Out Our Latest Stock Analysis on Sasol
Sasol Stock Up 2.0 %
SSL traded up $0.07 during mid-day trading on Tuesday, reaching $3.57. 361,953 shares of the stock were exchanged, compared to its average volume of 901,624. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.58 and a current ratio of 2.33. The stock has a market capitalization of $2.32 billion, a PE ratio of 1.57, a price-to-earnings-growth ratio of 0.17 and a beta of 1.72. The company has a 50 day moving average price of $3.97 and a two-hundred day moving average price of $4.75. Sasol has a 1 year low of $2.78 and a 1 year high of $8.40.
Hedge Funds Weigh In On Sasol
A number of hedge funds and other institutional investors have recently made changes to their positions in SSL. Lindbrook Capital LLC boosted its holdings in shares of Sasol by 76.8% in the 4th quarter. Lindbrook Capital LLC now owns 7,194 shares of the oil and gas company's stock worth $33,000 after buying an additional 3,125 shares during the last quarter. Apollon Wealth Management LLC purchased a new position in shares of Sasol in the 4th quarter worth about $46,000. Essential Planning LLC. purchased a new position in shares of Sasol in the 4th quarter worth about $46,000. Sivia Capital Partners LLC purchased a new position in shares of Sasol in the 4th quarter worth about $49,000. Finally, HighTower Advisors LLC purchased a new position in shares of Sasol in the 4th quarter worth about $49,000. 1.21% of the stock is owned by hedge funds and other institutional investors.
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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