Bank of America downgraded shares of Sasol (NYSE:SSL - Free Report) from a buy rating to a neutral rating in a research report released on Thursday, Marketbeat Ratings reports.
Separately, StockNews.com upgraded Sasol from a "hold" rating to a "buy" rating in a report on Monday, December 30th.
Get Our Latest Stock Analysis on Sasol
Sasol Stock Performance
Shares of Sasol stock traded down $0.19 during mid-day trading on Thursday, reaching $4.21. 1,269,450 shares of the stock traded hands, compared to its average volume of 1,372,275. The business has a 50-day moving average of $4.82 and a 200 day moving average of $6.05. Sasol has a fifty-two week low of $4.20 and a fifty-two 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 Inflows and Outflows
A number of large investors have recently added to or reduced their stakes in SSL. Lindbrook Capital LLC grew its stake in shares of Sasol by 76.8% during 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. Apollon Wealth Management LLC acquired a new position in Sasol in the fourth quarter valued at $46,000. Sivia Capital Partners LLC acquired a new stake in shares of Sasol during the fourth quarter worth about $49,000. HighTower Advisors LLC purchased a new stake in shares of Sasol in the 4th quarter valued at about $49,000. Finally, SBI Securities Co. Ltd. acquired a new stake in shares of Sasol in the 4th quarter valued at about $50,000. 1.21% of the stock is currently owned by institutional investors and hedge funds.
Sasol Company Profile
(
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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.
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