Sasol (NYSE:SSL - Get Free Report) was upgraded by stock analysts at StockNews.com from a "hold" rating to a "buy" rating in a note issued to investors on Thursday.
Separately, Bank of America downgraded shares of Sasol from a "buy" rating to a "neutral" rating in a report on Thursday, February 6th.
Get Our Latest Research Report on Sasol
Sasol Stock Up 5.2 %
Shares of Sasol stock traded up $0.22 during midday trading on Thursday, reaching $4.37. 732,760 shares of the company's stock traded hands, compared to its average volume of 1,197,074. The company has a market cap of $2.83 billion, a price-to-earnings ratio of 1.92, a price-to-earnings-growth ratio of 0.17 and a beta of 2.31. The company's 50 day simple moving average is $4.65 and its 200 day simple moving average is $5.62. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.58 and a current ratio of 2.33. Sasol has a 52 week low of $4.04 and a 52 week high of $9.33.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Pinnacle Wealth Planning Services Inc. grew its stake in Sasol by 97.4% in the 4th quarter. Pinnacle Wealth Planning Services Inc. now owns 33,358 shares of the oil and gas company's stock valued at $152,000 after buying an additional 16,462 shares during the last quarter. Vident Advisory LLC grew its stake in Sasol by 11.2% in the 4th quarter. Vident Advisory LLC now owns 40,690 shares of the oil and gas company's stock valued at $186,000 after buying an additional 4,108 shares during the last quarter. Two Sigma Advisers LP grew its stake in Sasol by 108.8% in the 4th quarter. Two Sigma Advisers LP now owns 610,200 shares of the oil and gas company's stock valued at $2,783,000 after buying an additional 317,900 shares during the last quarter. Two Sigma Investments LP grew its stake in Sasol by 100.7% in the 4th quarter. Two Sigma Investments LP now owns 1,054,238 shares of the oil and gas company's stock valued at $4,807,000 after buying an additional 528,860 shares during the last quarter. Finally, Point72 Asset Management L.P. grew its stake in Sasol by 45.9% in the 4th quarter. Point72 Asset Management L.P. now owns 433,100 shares of the oil and gas company's stock valued at $1,975,000 after buying an additional 136,300 shares during the last quarter. 1.21% of the stock is currently owned by institutional investors and hedge funds.
About Sasol
(
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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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