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

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

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

Sasol Stock Up 2.8 %

Shares of Sasol stock opened at $4.25 on Friday. The firm has a market cap of $2.75 billion, a price-to-earnings ratio of 1.87, a P/E/G ratio of 0.17 and a beta of 2.31. The stock has a 50-day simple moving average of $4.46 and a 200-day simple moving average of $5.26. Sasol has a 52-week low of $4.04 and a 52-week high of $9.33. The company has a debt-to-equity ratio of 0.89, a current ratio of 2.33 and a quick ratio of 1.58.

Institutional Investors Weigh In On Sasol

A number of large investors have recently bought and sold shares of the business. Millennium Management LLC lifted its position in shares of Sasol by 2,401.8% in the fourth quarter. Millennium Management LLC now owns 825,444 shares of the oil and gas company’s stock worth $3,764,000 after buying an additional 792,450 shares during the last quarter. Two Sigma Investments LP raised its stake in shares of Sasol by 100.7% in the 4th quarter. Two Sigma Investments LP now owns 1,054,238 shares of the oil and gas company’s stock valued at $4,807,000 after acquiring an additional 528,860 shares in the last quarter. Generali Investments CEE investicni spolecnost a.s. acquired a new stake in Sasol in the 4th quarter worth approximately $1,674,000. Renaissance Technologies LLC boosted its position in Sasol by 119.0% during the fourth quarter. Renaissance Technologies LLC now owns 670,011 shares of the oil and gas company’s stock worth $3,055,000 after purchasing an additional 364,111 shares during the period. Finally, Two Sigma Advisers LP grew its holdings in Sasol by 108.8% during the fourth quarter. Two Sigma Advisers LP now owns 610,200 shares of the oil and gas company’s stock valued at $2,783,000 after purchasing an additional 317,900 shares during the last quarter. 1.21% of the stock is currently owned by institutional investors.

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.