Sasol (NYSE:SSL) Downgraded to Hold at StockNews.com

StockNews.com downgraded shares of Sasol (NYSE:SSL) from a buy rating to a hold rating in a research report report published on Thursday morning.

Sasol Trading Up 0.3 %

NYSE:SSL opened at $7.64 on Thursday. The stock has a fifty day moving average price of $7.21 and a 200-day moving average price of $7.90. Sasol has a fifty-two week low of $6.22 and a fifty-two week high of $14.26.

Institutional Trading of Sasol

Institutional investors and hedge funds have recently modified their holdings of the business. CWM LLC lifted its position in shares of Sasol by 819.9% during the 1st quarter. CWM LLC now owns 3,330 shares of the oil and gas company’s stock worth $26,000 after buying an additional 2,968 shares during the last quarter. Mather Group LLC. bought a new stake in shares of Sasol during the 2nd quarter worth $28,000. Lindbrook Capital LLC lifted its position in shares of Sasol by 148.9% during the 1st quarter. Lindbrook Capital LLC now owns 4,817 shares of the oil and gas company’s stock worth $38,000 after buying an additional 2,882 shares during the last quarter. EverSource Wealth Advisors LLC lifted its position in shares of Sasol by 3,112.4% during the 1st quarter. EverSource Wealth Advisors LLC now owns 6,714 shares of the oil and gas company’s stock worth $52,000 after buying an additional 6,505 shares during the last quarter. Finally, PDS Planning Inc bought a new stake in shares of Sasol during the 1st quarter worth $79,000. 1.21% of the stock is currently owned by institutional investors.

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.