StockNews.com cut shares of Sasol (NYSE:SSL - Free Report) from a buy rating to a hold rating in a research note published on Sunday morning.
Separately, Bank of America lowered shares of Sasol from a "buy" rating to a "neutral" rating in a research report on Thursday, February 6th.
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Sasol Price Performance
NYSE SSL traded down $0.17 during trading hours on Friday, reaching $4.15. The company's stock had a trading volume of 593,954 shares, compared to its average volume of 842,024. Sasol has a 1 year low of $4.04 and a 1 year high of $9.33. The company has a quick ratio of 1.58, a current ratio of 2.33 and a debt-to-equity ratio of 0.89. The company has a market capitalization of $2.69 billion, a price-to-earnings ratio of 1.83, a PEG ratio of 0.17 and a beta of 2.31. The firm's 50-day moving average price is $4.42 and its 200-day moving average price is $5.23.
Institutional Investors Weigh In On Sasol
A number of hedge funds have recently made changes to their positions in SSL. ABC Arbitrage SA bought a new stake in Sasol in the 4th quarter worth approximately $730,000. Barclays PLC grew its holdings in shares of Sasol by 255.9% in the third quarter. Barclays PLC now owns 9,912 shares of the oil and gas company's stock valued at $67,000 after purchasing an additional 7,127 shares in the last quarter. SBI Securities Co. Ltd. purchased a new stake in Sasol during the fourth quarter valued at $50,000. Point72 Asset Management L.P. lifted its position in Sasol by 312.8% during the third quarter. Point72 Asset Management L.P. now owns 296,800 shares of the oil and gas company's stock valued at $2,006,000 after purchasing an additional 224,900 shares during the last quarter. Finally, Rhumbline Advisers grew its stake in shares of Sasol by 191.6% in the 4th quarter. Rhumbline Advisers now owns 15,129 shares of the oil and gas company's stock worth $69,000 after buying an additional 9,940 shares in the last quarter. 1.21% of the stock is currently owned by hedge funds and other institutional investors.
About Sasol
(
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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.
Further Reading
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