Sasol (NYSE:SSL) Stock Rating Upgraded by StockNews.com

Sasol (NYSE:SSL) was upgraded by investment analysts at StockNews.com from a “hold” rating to a “buy” rating in a note issued to investors on Saturday.

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

Sasol Stock Down 1.8 %

Shares of Sasol stock opened at $4.15 on Friday. The stock has a market capitalization of $2.69 billion, a price-to-earnings ratio of 1.83, a PEG ratio of 0.17 and a beta of 2.31. Sasol has a twelve month low of $4.04 and a twelve month high of $9.33. The company has a current ratio of 2.33, a quick ratio of 1.58 and a debt-to-equity ratio of 0.89. The business’s 50 day simple moving average is $4.59 and its 200-day simple moving average is $5.38.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. ABC Arbitrage SA acquired a new position in shares of Sasol during the fourth quarter worth approximately $730,000. Barclays PLC boosted its position in Sasol by 255.9% during the 3rd quarter. Barclays PLC now owns 9,912 shares of the oil and gas company’s stock worth $67,000 after acquiring an additional 7,127 shares during the period. SBI Securities Co. Ltd. acquired a new position in Sasol during the 4th quarter worth $50,000. Point72 Asset Management L.P. grew its stake in shares of Sasol by 312.8% in the third quarter. Point72 Asset Management L.P. now owns 296,800 shares of the oil and gas company’s stock worth $2,006,000 after purchasing an additional 224,900 shares in the last quarter. Finally, Rhumbline Advisers increased its holdings 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 valued at $69,000 after purchasing an additional 9,940 shares during the period. Institutional investors own 1.21% of the company’s stock.

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.