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

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

Sasol Price Performance

Shares of Sasol stock traded down $0.04 during midday trading on Monday, hitting $4.46. 1,471,888 shares of the company were exchanged, compared to its average volume of 735,704. The firm has a 50 day simple moving average of $5.29 and a 200-day simple moving average of $6.61. Sasol has a 52 week low of $4.38 and a 52 week high of $10.15. The firm has a market cap of $2.89 billion, a P/E ratio of 1.98, a PEG ratio of 0.13 and a beta of 2.35. The company has a debt-to-equity ratio of 0.89, a current ratio of 2.33 and a quick ratio of 1.58.

Institutional Investors Weigh In On Sasol

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