Sasol (NYSE:SSL) downgraded by StockNews.com

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Sasol (NYSE: SSLGet a rating) was demoted by research analysts to StockNews.com from a “buy” rating to a “hold” rating in a report released on Tuesday.

Sasol trades up 3.2%

Shares of SSL action traded at $0.55 in midday trading on Tuesday, hitting $17.50. 222,151 shares of the company were traded, against an average volume of 316,278. The company’s 50-day simple moving average is $17.03 and its two-hundred-day simple moving average is $20.41 . Sasol has a 1-year low of $15.01 and a 1-year high of $28.36. The company has a debt ratio of 0.50, a current ratio of 1.44 and a quick ratio of 0.99.

Institutional investors weigh in on Sasol

Hedge funds and other institutional investors have recently changed their stock holdings. Connor Clark & ​​Lunn Investment Management Ltd. raised its position in Sasol shares by 131.9% during the third quarter. Connor Clark & ​​Lunn Investment Management Ltd. now owns 467,072 shares of the oil and gas company worth $7,356,000 after purchasing an additional 265,627 shares in the last quarter. BlackRock Inc. raised its position in Sasol shares by 3.2% during the 1st quarter. BlackRock Inc. now owns 323,713 shares of the oil and gas company worth $7,828,000 after buying 9,940 additional shares in the last quarter. Bank of America Corp DE increased its position in Sasol shares by 50.6% during the 1st quarter. Bank of America Corp DE now owns 190,889 shares of the oil and gas company worth $4,616,000 after buying an additional 64,153 shares in the last quarter. Renaissance Technologies LLC increased its position in Sasol shares by 29.4% during the third quarter. Renaissance Technologies LLC now owns 177,300 shares of the oil and gas company worth $2,792,000 after buying an additional 40,300 shares in the last quarter. Finally, Hennessy Advisors Inc. raised its position in Sasol shares by 1.5% during the third quarter. Hennessy Advisors Inc. now owns 146,200 shares of the oil and gas company worth $2,303,000 after buying 2,200 more shares in the last quarter. 1.36% of the shares are currently held by institutional investors and hedge funds.

Sasol Company Profile

(Get a rating)

Sasol Limited, together with its subsidiaries, operates as an integrated chemical and energy company in South Africa. The Company operates through six segments: Mining, Gas, Fuels, Chemicals Africa, Chemicals Americas and Chemicals Eurasia. It offers acetate, acrylate monomer, ammonia, carbon, chlorine alkali, explosives, fertilizers, glycol ether, hydrocarbon mixture, inorganic chemicals, ketones, leads, polymers and waxes, as well as lacquer thinners, light alcohols and phenolic or cresylic acids. .

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