Sasol (NYSE:SSL - Get Free Report) was upgraded by equities researchers at StockNews.com from a "hold" rating to a "buy" rating in a research note issued on Monday.
Sasol Stock Performance
Sasol stock traded down $0.04 during mid-day trading on Monday, reaching $4.46. The company had a trading volume of 1,471,888 shares, compared to its average volume of 735,704. The company has a 50 day moving average of $5.29 and a 200-day moving average of $6.61. Sasol has a 52 week low of $4.38 and a 52 week high of $10.15. 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 firm has a market cap of $2.89 billion, a price-to-earnings ratio of 1.98, a PEG ratio of 0.13 and a beta of 2.35.
Hedge Funds Weigh In On Sasol
Several institutional investors and hedge funds have recently added to or reduced their stakes in SSL. Virtu Financial LLC bought a new stake in shares of Sasol in the 3rd quarter worth approximately $167,000. Barclays PLC lifted its position in Sasol by 255.9% in the third quarter. Barclays PLC now owns 9,912 shares of the oil and gas company's stock worth $67,000 after purchasing an additional 7,127 shares during the period. Public Employees Retirement System of Ohio acquired a new stake in Sasol during the third quarter worth $670,000. XTX Topco Ltd increased its holdings in Sasol by 184.7% in the 3rd quarter. XTX Topco Ltd now owns 41,285 shares of the oil and gas company's stock valued at $279,000 after buying an additional 26,785 shares during the period. Finally, Jane Street Group LLC acquired a new position in shares of Sasol in the 3rd quarter valued at $75,000. 1.21% of the stock is currently owned by institutional investors.
Sasol Company Profile
(
Get Free Report)
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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