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

StockNews.com downgraded shares of Sasol (NYSE:SSL - Free Report) from a buy rating to a hold rating in a research report released on Friday morning.

Separately, Bank of America cut Sasol from a "buy" rating to a "neutral" rating in a report on Thursday, February 6th.

Sasol Stock Performance

Shares of NYSE:SSL traded down $0.03 during trading on Friday, reaching $4.33. 605,646 shares of the stock were exchanged, compared to its average volume of 814,431. Sasol has a 12 month low of $4.04 and a 12 month high of $9.33. The firm has a market cap of $2.80 billion, a PE ratio of 1.91, a PEG ratio of 0.17 and a beta of 2.31. The stock has a 50-day moving average price of $4.61 and a 200-day moving average price of $5.46. 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

Several institutional investors have recently made changes to their positions in SSL. Millennium Management LLC boosted its stake 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 valued at $3,764,000 after buying an additional 792,450 shares during the period. Two Sigma Investments LP raised its position in Sasol by 100.7% during the fourth 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 purchasing an additional 528,860 shares in the last quarter. Generali Investments CEE investicni spolecnost a.s. acquired a new position in Sasol during the fourth quarter valued at approximately $1,674,000. Renaissance Technologies LLC raised 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 valued at $3,055,000 after purchasing an additional 364,111 shares in the last quarter. Finally, Two Sigma Advisers LP raised its position 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 in the last quarter. 1.21% of the stock is currently owned by institutional investors.

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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.