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

Sasol (NYSE:SSL) was upgraded by equities researchers at StockNews.com from a “hold” rating to a “buy” rating in a note issued to investors on Wednesday.

Sasol Trading Up 6.6 %

Sasol stock opened at $7.95 on Wednesday. Sasol has a one year low of $6.22 and a one year high of $14.26. The stock has a 50-day moving average of $7.11 and a two-hundred day moving average of $7.97.

Institutional Trading of Sasol

A number of institutional investors have recently bought and sold shares of the stock. American Century Companies Inc. increased its stake in Sasol by 13.9% during the 3rd quarter. American Century Companies Inc. now owns 387,880 shares of the oil and gas company’s stock valued at $5,302,000 after purchasing an additional 47,446 shares in the last quarter. Pzena Investment Management LLC lifted its stake in shares of Sasol by 53.0% in the 1st quarter. Pzena Investment Management LLC now owns 352,561 shares of the oil and gas company’s stock valued at $2,754,000 after purchasing an additional 122,108 shares during the period. Jump Financial LLC boosted its stake in shares of Sasol by 218.7% during the 4th quarter. Jump Financial LLC now owns 83,712 shares of the oil and gas company’s stock worth $832,000 after acquiring an additional 57,442 shares in the last quarter. O Shaughnessy Asset Management LLC grew its position in shares of Sasol by 2.5% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 78,516 shares of the oil and gas company’s stock valued at $613,000 after acquiring an additional 1,900 shares during the period. Finally, BNP Paribas Financial Markets increased its stake in shares of Sasol by 7,100.7% in the 4th quarter. BNP Paribas Financial Markets now owns 65,814 shares of the oil and gas company’s stock valued at $654,000 after purchasing an additional 64,900 shares in the last quarter. 1.21% of the stock is currently owned by institutional investors and hedge funds.

Sasol Company Profile

Sasol Limited operates as an integrated chemical and energy company in South Africa. It offers alumina, such as battery materials, catalyst supports, abrasives and polishing, and polymer additives; cobalt fischer-tropsch; carbon-based products; recarburiser; graphite electrodes; mono-ethylene glycol, ethylene, propylene, sasfroth blends, sodium cyanide, caustic soda, hydrochloric acid, sulfuric acid, calcium chloride, chlorine, alcohols, aromatic blends, methyl alcohol, polyethylene, polypropylene, polyvinyl chloride, cresols, xylenols, phenols, limestone ammonium nitrate, ammonium nitrate solution, and nitric acid.