Sasol (NYSE:SSL) Raised to Buy at StockNews.com

Sasol (NYSE:SSL) was upgraded by investment analysts at StockNews.com from a “hold” rating to a “buy” rating in a research note issued to investors on Thursday.

Separately, Bank of America cut shares of Sasol from a “buy” rating to a “neutral” rating in a report on Thursday, February 6th.

Sasol Stock Up 2.0 %

NYSE:SSL opened at $3.59 on Thursday. The business’s fifty day moving average price is $3.76 and its 200 day moving average price is $4.57. The firm has a market capitalization of $2.33 billion, a price-to-earnings ratio of 1.58, a PEG ratio of 0.17 and a beta of 0.71. 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 1-year low of $2.78 and a 1-year high of $8.40.

Institutional Trading of Sasol

A number of institutional investors have recently bought and sold shares of the company. Two Sigma Investments LP raised its stake in shares of Sasol by 100.7% during the 4th quarter. Two Sigma Investments LP now owns 1,054,238 shares of the oil and gas company’s stock worth $4,807,000 after purchasing an additional 528,860 shares in the last quarter. Millennium Management LLC grew its position in Sasol by 2,401.8% in the fourth quarter. Millennium Management LLC now owns 825,444 shares of the oil and gas company’s stock worth $3,764,000 after acquiring an additional 792,450 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its stake in shares of Sasol by 9.5% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 792,140 shares of the oil and gas company’s stock worth $3,612,000 after purchasing an additional 68,978 shares during the last quarter. Renaissance Technologies LLC raised its holdings in shares of Sasol by 119.0% during the 4th quarter. Renaissance Technologies LLC now owns 670,011 shares of the oil and gas company’s stock valued at $3,055,000 after purchasing an additional 364,111 shares in the last quarter. Finally, American Century Companies Inc. lifted its stake in shares of Sasol by 6.1% in the 4th quarter. American Century Companies Inc. now owns 659,263 shares of the oil and gas company’s stock valued at $3,006,000 after purchasing an additional 38,029 shares during the last quarter. Institutional investors and hedge funds 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.