Sasol Limited (NYSE:SSL - Get Free Report) shares gapped down before the market opened on Tuesday . The stock had previously closed at $6.82, but opened at $6.47. Sasol shares last traded at $6.45, with a volume of 455,285 shares changing hands.
Analyst Ratings Changes
Separately, StockNews.com upgraded Sasol from a "hold" rating to a "buy" rating in a research note on Thursday, August 29th.
Check Out Our Latest Stock Report on Sasol
Sasol Stock Performance
The company has a debt-to-equity ratio of 0.89, a current ratio of 2.33 and a quick ratio of 1.58. The firm's 50 day simple moving average is $7.21 and its 200-day simple moving average is $7.38.
Institutional Inflows and Outflows
Several large investors have recently added to or reduced their stakes in SSL. American Century Companies Inc. raised its stake in shares of Sasol by 7.1% during the 2nd quarter. American Century Companies Inc. now owns 542,205 shares of the oil and gas company's stock worth $4,126,000 after buying an additional 35,818 shares in the last quarter. Pzena Investment Management LLC raised its position in Sasol by 53.0% in 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 acquiring an additional 122,108 shares in the last quarter. Creative Planning lifted its holdings in Sasol by 21.8% in the third quarter. Creative Planning now owns 144,902 shares of the oil and gas company's stock valued at $980,000 after acquiring an additional 25,961 shares during the period. O Shaughnessy Asset Management LLC boosted its position in shares of 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 purchasing an additional 1,900 shares in the last quarter. Finally, Point72 Asset Management L.P. grew 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 purchasing an additional 58,000 shares during the period. 1.21% of the stock is owned by hedge funds and other institutional investors.
About Sasol
(
Get Free Report)
Sasol Limited operates as a chemical and energy company in South Africa and internationally. It offers alumina, such as battery materials, catalyst supports, abrasives and polishing, and polymer additives; cobalt fischer-tropsch catalysts; carbon-based and recarburiser products; graphite electrodes; and mono-ethylene glycol and chlor-alkali products, monomers, mining chemicals and reagents, blends and hydrocarbons, methanol products, polymers, phenolics, and fertilizers.
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