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

StockNews.com cut shares of Sasol (NYSE:SSL) from a buy rating to a hold rating in a report published on Tuesday.

Sasol Stock Performance

Shares of NYSE SSL opened at $5.27 on Tuesday. 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’s 50 day simple moving average is $5.90 and its 200-day simple moving average is $6.80. Sasol has a 12 month low of $4.90 and a 12 month high of $10.27.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. CWM LLC grew its position in shares of Sasol by 62.7% during the 2nd quarter. CWM LLC now owns 5,417 shares of the oil and gas company’s stock valued at $41,000 after acquiring an additional 2,087 shares during the period. Van ECK Associates Corp grew its holdings in Sasol by 7.4% in the second quarter. Van ECK Associates Corp now owns 36,974 shares of the oil and gas company’s stock valued at $281,000 after purchasing an additional 2,535 shares during the period. Ritholtz Wealth Management increased its position in shares of Sasol by 6.3% in the second quarter. Ritholtz Wealth Management now owns 57,825 shares of the oil and gas company’s stock valued at $440,000 after buying an additional 3,416 shares in the last quarter. Blue Trust Inc. raised its stake in shares of Sasol by 247.6% during the 2nd quarter. Blue Trust Inc. now owns 4,849 shares of the oil and gas company’s stock worth $38,000 after buying an additional 3,454 shares during the period. Finally, Quantinno Capital Management LP lifted its position in shares of Sasol by 16.6% during the 3rd quarter. Quantinno Capital Management LP now owns 28,073 shares of the oil and gas company’s stock valued at $190,000 after buying an additional 4,000 shares in the last quarter. Hedge funds and other institutional investors 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.