Sasol (NYSE:SSL - Get Free Report) was upgraded by investment analysts at StockNews.com from a "hold" rating to a "buy" rating in a research report issued on Saturday.
Separately, Bank of America cut shares of Sasol from a "buy" rating to a "neutral" rating in a research report on Thursday, February 6th.
View Our Latest Analysis on SSL
Sasol Stock Performance
SSL remained flat at $4.07 during midday trading on Friday. The company's stock had a trading volume of 839,635 shares, compared to its average volume of 816,015. The company has a market cap of $2.64 billion, a P/E ratio of 1.79, a price-to-earnings-growth ratio of 0.17 and a beta of 2.31. Sasol has a 1 year low of $4.04 and a 1 year high of $9.33. The stock has a 50 day moving average of $4.56 and a two-hundred day moving average of $5.35. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.58 and a current ratio of 2.33.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently modified their holdings of the stock. Cerity Partners LLC lifted its position in shares of Sasol by 173.2% during the 3rd quarter. Cerity Partners LLC now owns 63,417 shares of the oil and gas company's stock valued at $429,000 after buying an additional 40,206 shares during the last quarter. Verition Fund Management LLC bought a new stake in shares of Sasol in the third quarter valued at approximately $106,000. Centiva Capital LP boosted its holdings in Sasol by 102.6% in the 3rd quarter. Centiva Capital LP now owns 39,959 shares of the oil and gas company's stock worth $270,000 after buying an additional 20,240 shares during the period. Point72 Asset Management L.P. grew its stake in Sasol by 312.8% in the 3rd 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 in the last quarter. Finally, Quantinno Capital Management LP raised its holdings in Sasol by 16.6% during the 3rd quarter. Quantinno Capital Management LP now owns 28,073 shares of the oil and gas company's stock valued at $190,000 after acquiring an additional 4,000 shares during the period. 1.21% of the stock is owned by institutional investors.
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.
Further Reading
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