Sasol (NYSE:SSL) Downgraded by StockNews.com

Sasol (NYSE:SSL) was downgraded by equities researchers at StockNews.com from a “buy” rating to a “hold” rating in a research note issued to investors on Monday.

Sasol Stock Down 1.0 %

SSL stock traded down $0.07 during trading on Monday, hitting $7.13. 759,178 shares of the company’s stock traded hands, compared to its average volume of 652,546. The stock has a fifty day moving average price of $7.32 and a two-hundred day moving average price of $7.65. Sasol has a 52 week low of $6.22 and a 52 week high of $14.26.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Pzena Investment Management LLC lifted its stake in Sasol by 53.0% in the 1st quarter. Pzena Investment Management LLC now owns 352,561 shares of the oil and gas company’s stock worth $2,754,000 after purchasing an additional 122,108 shares in the last quarter. BNP Paribas Financial Markets lifted its stake in Sasol by 7,100.7% during the 4th quarter. BNP Paribas Financial Markets now owns 65,814 shares of the oil and gas company’s stock worth $654,000 after acquiring an additional 64,900 shares in the last quarter. Jump Financial LLC boosted its position in shares of Sasol by 218.7% during the 4th quarter. Jump Financial LLC now owns 83,712 shares of the oil and gas company’s stock worth $832,000 after acquiring an additional 57,442 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in Sasol during the 4th quarter worth approximately $460,000. Finally, Trexquant Investment LP increased its position in shares of Sasol by 223.8% in the fourth quarter. Trexquant Investment LP now owns 61,859 shares of the oil and gas company’s stock valued at $615,000 after buying an additional 42,753 shares in the last quarter. Institutional investors and hedge funds own 1.21% of the company’s stock.

About Sasol

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.