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

StockNews.com lowered shares of Sasol (NYSE:SSL) from a buy rating to a hold rating in a report released on Monday morning.

Sasol Stock Down 2.1 %

Sasol stock opened at $7.37 on Monday. Sasol has a 12-month low of $6.22 and a 12-month high of $14.26. The firm’s 50-day moving average is $7.12 and its two-hundred day moving average is $8.03.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of SSL. PNC Financial Services Group Inc. grew its position in shares of Sasol by 12.9% in the third quarter. PNC Financial Services Group Inc. now owns 10,390 shares of the oil and gas company’s stock valued at $142,000 after purchasing an additional 1,185 shares during the period. American Century Companies Inc. lifted its holdings in shares of Sasol by 13.9% during the 3rd quarter. American Century Companies Inc. now owns 387,880 shares of the oil and gas company’s stock worth $5,302,000 after acquiring an additional 47,446 shares during the period. Citigroup Inc. acquired a new stake in shares of Sasol in the third quarter worth approximately $212,000. Ritholtz Wealth Management grew its holdings in Sasol by 5.6% in the fourth quarter. Ritholtz Wealth Management now owns 53,000 shares of the oil and gas company’s stock valued at $527,000 after purchasing an additional 2,812 shares during the period. Finally, International Assets Investment Management LLC acquired a new position in Sasol during the fourth quarter worth approximately $1,400,000. 1.21% of the stock is currently owned by institutional investors and hedge funds.

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.