StockNews.com Upgrades Sasol (NYSE:SSL) to Buy

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

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

Sasol Trading Up 2.0 %

SSL stock traded up $0.07 during mid-day trading on Tuesday, reaching $3.57. The company had a trading volume of 361,953 shares, compared to its average volume of 902,895. The firm has a 50 day moving average of $3.99 and a 200 day moving average of $4.80. The company has a debt-to-equity ratio of 0.89, a current ratio of 2.33 and a quick ratio of 1.58. Sasol has a 12 month low of $2.78 and a 12 month high of $8.40. The company has a market capitalization of $2.32 billion, a PE ratio of 1.57, a price-to-earnings-growth ratio of 0.17 and a beta of 1.72.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Lindbrook Capital LLC lifted its holdings in 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 buying an additional 3,125 shares during the period. Blue Trust Inc. lifted its stake in shares of Sasol by 24.9% during the 1st quarter. Blue Trust Inc. now owns 17,229 shares of the oil and gas company's stock worth $73,000 after purchasing an additional 3,433 shares during the last quarter. QRG Capital Management Inc. boosted its position in Sasol by 22.8% during the first quarter. QRG Capital Management Inc. now owns 20,463 shares of the oil and gas company's stock valued at $87,000 after purchasing an additional 3,803 shares in the last quarter. Vident Advisory LLC grew its stake in Sasol by 11.2% in the fourth quarter. Vident Advisory LLC now owns 40,690 shares of the oil and gas company's stock valued at $186,000 after purchasing an additional 4,108 shares during the last quarter. Finally, Ameriprise Financial Inc. raised its holdings in Sasol by 29.5% in the fourth quarter. Ameriprise Financial Inc. now owns 22,028 shares of the oil and gas company's stock worth $100,000 after purchasing an additional 5,021 shares in the last quarter. Hedge funds and other institutional investors own 1.21% of the company's stock.

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.