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

Sasol (NYSE:SSL) was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued on Tuesday.

Sasol Stock Performance

Shares of NYSE SSL traded down $0.09 during midday trading on Tuesday, hitting $5.27. The stock had a trading volume of 1,198,401 shares, compared to its average volume of 723,897. The business’s 50 day moving average is $5.90 and its 200-day moving average is $6.80. Sasol has a 52 week low of $4.90 and a 52 week high of $10.27. The company has a current ratio of 2.33, a quick ratio of 1.58 and a debt-to-equity ratio of 0.89.

Institutional Investors Weigh In On Sasol

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. CWM LLC lifted its holdings in shares of Sasol by 62.7% during the 2nd quarter. CWM LLC now owns 5,417 shares of the oil and gas company’s stock valued at $41,000 after buying an additional 2,087 shares during the period. Van ECK Associates Corp boosted its position in Sasol by 7.4% in the second quarter. Van ECK Associates Corp now owns 36,974 shares of the oil and gas company’s stock worth $281,000 after purchasing an additional 2,535 shares during the last quarter. Ritholtz Wealth Management grew its stake in shares of Sasol by 6.3% during the 2nd quarter. Ritholtz Wealth Management now owns 57,825 shares of the oil and gas company’s stock valued at $440,000 after purchasing an additional 3,416 shares during the period. Blue Trust Inc. increased its position in shares of Sasol by 247.6% during the 2nd quarter. Blue Trust Inc. now owns 4,849 shares of the oil and gas company’s stock valued at $38,000 after purchasing an additional 3,454 shares during the last quarter. Finally, Quantinno Capital Management LP lifted its stake in shares of Sasol by 16.6% in the 3rd quarter. Quantinno Capital Management LP now owns 28,073 shares of the oil and gas company’s stock worth $190,000 after purchasing an additional 4,000 shares during the period. Hedge funds and other 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.