Sasol (NYSE:SSL) Downgraded to Neutral Rating by Bank of America

Bank of America lowered shares of Sasol (NYSE:SSL - Free Report) from a buy rating to a neutral rating in a research report report published on Thursday morning, MarketBeat.com reports.

Separately, StockNews.com upgraded shares of Sasol from a "hold" rating to a "buy" rating in a report on Monday, December 30th.

Sasol Stock Performance

Shares of NYSE SSL traded up $0.21 during mid-day trading on Thursday, reaching $4.41. The company had a trading volume of 1,221,768 shares, compared to its average volume of 1,391,918. The business's 50-day moving average is $4.82 and its 200-day moving average is $6.04. The company has a current ratio of 2.33, a quick ratio of 1.58 and a debt-to-equity ratio of 0.89. Sasol has a 52 week low of $4.20 and a 52 week high of $9.33.

Institutional Trading of Sasol

Several hedge funds have recently modified their holdings of the company. Connor Clark & Lunn Investment Management Ltd. lifted its position in shares of Sasol by 9.5% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 792,140 shares of the oil and gas company's stock valued at $3,612,000 after buying an additional 68,978 shares during the last quarter. Generali Investments CEE investicni spolecnost a.s. purchased a new stake in shares of Sasol during the fourth quarter valued at about $1,674,000. Point72 Asset Management L.P. lifted its position in shares of 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 buying an additional 224,900 shares during the last quarter. ABC Arbitrage SA purchased a new stake in shares of Sasol during the fourth quarter valued at about $730,000. Finally, Creative Planning lifted its position in shares of Sasol by 21.8% during the third quarter. Creative Planning now owns 144,902 shares of the oil and gas company's stock valued at $980,000 after buying an additional 25,961 shares during the last quarter. 1.21% of the stock is owned by hedge funds and other 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.