Sasol (NYSE:SSL) Rating Increased to Buy at StockNews.com

Sasol (NYSE:SSL – Get Rating) was upgraded by investment analysts at StockNews.com from a “hold” rating to a “buy” rating in a research note issued to investors on Friday.

Sasol Stock Performance

Shares of NYSE SSL opened at $13.67 on Friday. Sasol has a 52-week low of $13.60 and a 52-week high of $28.36. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.34 and a current ratio of 2.12. The company’s 50 day moving average price is $16.35 and its 200-day moving average price is $16.86.

Institutional Trading of Sasol

Several hedge funds have recently modified their holdings of SSL. Raymond James & Associates bought a new stake in shares of Sasol in the 1st quarter valued at $595,000. BlackRock Inc. increased its stake in shares of Sasol by 3.2% in the 1st quarter. BlackRock Inc. now owns 323,713 shares of the oil and gas company’s stock valued at $7,828,000 after acquiring an additional 9,940 shares in the last quarter. Yousif Capital Management LLC bought a new stake in Sasol during the 1st quarter valued at $235,000. Cibc World Market Inc. bought a new stake in shares of Sasol in the 1st quarter worth $598,000. Finally, Renaissance Technologies LLC boosted its holdings in shares of Sasol by 342.0% in the 1st quarter. Renaissance Technologies LLC now owns 61,000 shares of the oil and gas company’s stock worth $1,475,000 after buying an additional 47,200 shares during the last quarter. Institutional investors own 1.10% of the company’s stock.

Sasol Company Profile

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Sasol Ltd. operates as a chemical and energy company, which engages in the provision of integrate sophisticated technologies and processes into operating facilities. It operates through the Mining, Gas, Fuels, Chemicals Africa, Chemicals Eurasia, and Corporate Centre. The Energy Business segments The company was founded in 1950 and is headquartered in Johannesburg, South Africa.