Sasol (NYSE:SSL) Stock Rating Upgraded by StockNews.com

Sasol (NYSE:SSL) was upgraded by equities research analysts at StockNews.com from a “hold” rating to a “buy” rating in a report issued on Saturday.

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

Sasol Stock Performance

NYSE:SSL opened at $4.15 on Friday. Sasol has a 1-year low of $4.04 and a 1-year high of $9.33. The stock has a market cap of $2.69 billion, a P/E ratio of 1.83, a PEG ratio of 0.17 and a beta of 2.31. The company has a debt-to-equity ratio of 0.89, a current ratio of 2.33 and a quick ratio of 1.58. The firm has a 50-day moving average of $4.59 and a two-hundred day moving average of $5.38.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Lindbrook Capital LLC lifted its position in shares of Sasol by 76.8% during the fourth 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 during the last quarter. Apollon Wealth Management LLC acquired a new stake in Sasol during the fourth quarter valued at approximately $46,000. Essential Planning LLC. bought a new position in Sasol during the 4th quarter worth approximately $46,000. Sivia Capital Partners LLC acquired a new position in shares of Sasol in the 4th quarter worth approximately $49,000. Finally, HighTower Advisors LLC bought a new stake in shares of Sasol in the 4th quarter valued at approximately $49,000. 1.21% of the stock is currently owned by institutional investors.

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.