Sasol (NYSE:SSL) Cut to “Hold” at StockNews.com

StockNews.com lowered shares of Sasol (NYSE:SSL) from a buy rating to a hold rating in a research note issued to investors on Wednesday.

Sasol Stock Up 5.3 %

NYSE:SSL opened at $8.38 on Wednesday. The firm’s 50 day moving average is $7.55 and its two-hundred day moving average is $7.53. Sasol has a fifty-two week low of $6.22 and a fifty-two week high of $14.13.

Institutional Trading of Sasol

A number of institutional investors have recently modified their holdings of the company. Pzena Investment Management LLC grew its position in shares of Sasol by 53.0% during the first quarter. Pzena Investment Management LLC now owns 352,561 shares of the oil and gas company’s stock worth $2,754,000 after buying an additional 122,108 shares in the last quarter. BNP Paribas Financial Markets increased its stake in shares of 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 purchasing an additional 64,900 shares during the last quarter. Cubist Systematic Strategies LLC raised its holdings in Sasol by 81,913.0% during the second quarter. Cubist Systematic Strategies LLC now owns 63,150 shares of the oil and gas company’s stock valued at $481,000 after buying an additional 63,073 shares in the last quarter. Point72 Asset Management L.P. boosted its stake in shares of Sasol by 417.3% during the 2nd quarter. Point72 Asset Management L.P. now owns 71,900 shares of the oil and gas company’s stock worth $547,000 after acquiring an additional 58,000 shares in the last quarter. Finally, Jump Financial LLC grew its stake in Sasol by 218.7% in the 4th quarter. Jump Financial LLC now owns 83,712 shares of the oil and gas company’s stock valued at $832,000 after buying an additional 57,442 shares during the last quarter. Hedge funds and other institutional investors own 1.21% of the company’s stock.

Sasol Company Profile

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.