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

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

Sasol Trading Up 2.2 %

NYSE SSL opened at $4.56 on Monday. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.58 and a current ratio of 2.33. Sasol has a fifty-two week low of $4.38 and a fifty-two week high of $10.15. The stock has a market cap of $2.96 billion, a P/E ratio of 2.03, a price-to-earnings-growth ratio of 0.13 and a beta of 2.35. The stock has a 50 day simple moving average of $5.23 and a two-hundred day simple moving average of $6.58.

Hedge Funds Weigh In On Sasol

Several large investors have recently made changes to their positions in SSL. Barclays PLC boosted its holdings in shares of Sasol by 255.9% in the third quarter. Barclays PLC now owns 9,912 shares of the oil and gas company’s stock worth $67,000 after buying an additional 7,127 shares during the last quarter. Jane Street Group LLC purchased a new position in shares of Sasol during the 3rd quarter worth $75,000. Atomi Financial Group Inc. bought a new stake in shares of Sasol during the 3rd quarter valued at $78,000. Blue Trust Inc. increased its stake in shares of Sasol by 145.2% in the 3rd quarter. Blue Trust Inc. now owns 11,892 shares of the oil and gas company’s stock worth $80,000 after purchasing an additional 7,043 shares in the last quarter. Finally, Private Advisor Group LLC bought a new position in Sasol in the 3rd quarter worth $94,000. 1.21% of the stock is currently owned by hedge funds and other 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.