StockNews.com Upgrades Sasol (NYSE:SSL) to “Buy”

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

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

Sasol Stock Performance

NYSE:SSL opened at $4.08 on Friday. Sasol has a fifty-two week low of $4.04 and a fifty-two week high of $9.33. The company has a 50 day moving average price of $4.56 and a 200 day moving average price of $5.35. The stock has a market capitalization of $2.64 billion, a P/E ratio of 1.80, a PEG ratio of 0.17 and a beta of 2.31. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.58 and a current ratio of 2.33.

Institutional Trading of Sasol

Large investors have recently modified their holdings of the stock. Lindbrook Capital LLC grew its stake in Sasol by 76.8% during the 4th quarter. Lindbrook Capital LLC now owns 7,194 shares of the oil and gas company’s stock worth $33,000 after purchasing an additional 3,125 shares in the last quarter. Apollon Wealth Management LLC purchased a new position in shares of Sasol in the 4th quarter valued at about $46,000. Essential Planning LLC. acquired a new position in shares of Sasol during the fourth quarter worth about $46,000. Sivia Capital Partners LLC purchased a new stake in shares of Sasol during the fourth quarter worth approximately $49,000. Finally, HighTower Advisors LLC acquired a new position in Sasol during the 4th quarter worth approximately $49,000. 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.