Bank of America Downgrades Sasol (NYSE:SSL) to Neutral

Bank of America cut shares of Sasol (NYSE:SSL) from a buy rating to a neutral rating in a report issued on Thursday morning, MarketBeat reports.

Separately, StockNews.com raised shares of Sasol from a “hold” rating to a “buy” rating in a research note on Monday, December 30th.

Sasol Stock Down 5.9 %

Sasol stock opened at $4.39 on Thursday. The stock’s 50 day moving average is $4.86 and its 200 day moving average is $6.11. The company has a quick ratio of 1.58, a current ratio of 2.33 and a debt-to-equity ratio of 0.89. Sasol has a one year low of $4.28 and a one year high of $9.33.

Institutional Investors Weigh In On Sasol

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