Sasol Limited (NYSE:SSL - Get Free Report)'s stock price gapped down prior to trading on Wednesday . The stock had previously closed at $6.97, but opened at $6.73. Sasol shares last traded at $6.70, with a volume of 211,795 shares changing hands.
Wall Street Analysts Forecast Growth
Separately, StockNews.com raised Sasol from a "hold" rating to a "buy" rating in a report on Thursday, August 29th.
Check Out Our Latest Analysis on SSL
Sasol Trading Down 3.9 %
The company has a market capitalization of $4.25 billion, a PE ratio of 2.65, a PEG ratio of 0.18 and a beta of 2.39. The company has a current ratio of 2.33, a quick ratio of 1.58 and a debt-to-equity ratio of 0.89. The stock has a fifty day moving average of $7.27 and a two-hundred day moving average of $7.41.
Hedge Funds Weigh In On Sasol
A number of large investors have recently modified their holdings of the company. Greenleaf Trust raised its holdings in shares of Sasol by 15.7% during the 1st quarter. Greenleaf Trust now owns 11,993 shares of the oil and gas company's stock valued at $94,000 after buying an additional 1,623 shares in the last quarter. O Shaughnessy Asset Management LLC grew its position in Sasol by 2.5% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 78,516 shares of the oil and gas company's stock worth $613,000 after acquiring an additional 1,900 shares during the last quarter. CWM LLC grew its position in Sasol by 62.7% during the 2nd quarter. CWM LLC now owns 5,417 shares of the oil and gas company's stock worth $41,000 after acquiring an additional 2,087 shares during the last quarter. Van ECK Associates Corp grew its position in Sasol by 7.4% during the 2nd quarter. Van ECK Associates Corp now owns 36,974 shares of the oil and gas company's stock worth $281,000 after acquiring an additional 2,535 shares during the last quarter. Finally, Ritholtz Wealth Management grew its position in Sasol by 6.3% during the 2nd quarter. Ritholtz Wealth Management now owns 57,825 shares of the oil and gas company's stock worth $440,000 after acquiring an additional 3,416 shares during the last quarter. 1.21% of the stock is owned by hedge funds and other institutional investors.
About Sasol
(
Get Free Report)
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.
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