Sasol (NYSE:SSL) Lowered to Hold Rating by StockNews.com

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

Separately, Bank of America cut shares of Sasol from a “buy” rating to a “neutral” rating in a report on Thursday.

Sasol Price Performance

Shares of NYSE SSL opened at $4.21 on Thursday. 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 firm has a market capitalization of $2.73 billion, a PE ratio of 1.81, a P/E/G ratio of 0.12 and a beta of 2.31. Sasol has a 1-year low of $4.20 and a 1-year high of $9.33. The business’s fifty day moving average price is $4.84 and its two-hundred day moving average price is $6.09.

Hedge Funds Weigh In On Sasol

Several hedge funds and other institutional investors have recently made changes to their positions in SSL. Lindbrook Capital LLC raised its stake in Sasol by 76.8% during the 4th quarter. Lindbrook Capital LLC now owns 7,194 shares of the oil and gas company’s stock valued at $33,000 after acquiring an additional 3,125 shares in the last quarter. Quantinno Capital Management LP increased its holdings in shares of Sasol by 16.6% during the third quarter. Quantinno Capital Management LP now owns 28,073 shares of the oil and gas company’s stock valued at $190,000 after purchasing an additional 4,000 shares during the period. Ballentine Partners LLC lifted its holdings in Sasol by 32.3% in the third quarter. Ballentine Partners LLC now owns 19,308 shares of the oil and gas company’s stock worth $131,000 after purchasing an additional 4,712 shares during the period. QRG Capital Management Inc. lifted its holdings in Sasol by 47.5% in the third quarter. QRG Capital Management Inc. now owns 16,903 shares of the oil and gas company’s stock worth $114,000 after purchasing an additional 5,440 shares during the period. Finally, Blue Trust Inc. grew its position in Sasol by 145.2% in the 3rd quarter. Blue Trust Inc. now owns 11,892 shares of the oil and gas company’s stock valued at $80,000 after buying an additional 7,043 shares in the last quarter. 1.21% of the stock is currently owned by institutional investors and hedge funds.

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.