Sasol (NYSE:SSL) Shares Gap Up - What's Next?

Sasol Limited (NYSE:SSL - Get Free Report) gapped up prior to trading on Thursday . The stock had previously closed at $6.69, but opened at $6.88. Sasol shares last traded at $6.89, with a volume of 283,046 shares changing hands.

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Analyst Ratings Changes

Separately, StockNews.com upgraded shares of Sasol from a "hold" rating to a "buy" rating in a report on Thursday, August 29th.

Check Out Our Latest Stock Analysis on Sasol

Sasol Stock Up 4.6 %

The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.58 and a current ratio of 2.33. The business's 50 day moving average is $7.24 and its two-hundred day moving average is $7.40.

Institutional Investors Weigh In On Sasol

A number of hedge funds have recently added to or reduced their stakes in the business. Atomi Financial Group Inc. acquired a new stake in shares of Sasol in the 3rd quarter valued at about $78,000. Cubist Systematic Strategies LLC lifted its position in shares of 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 purchasing an additional 63,073 shares in the last quarter. Point72 Asset Management L.P. lifted its position in shares of Sasol by 417.3% during the second quarter. Point72 Asset Management L.P. now owns 71,900 shares of the oil and gas company's stock valued at $547,000 after purchasing an additional 58,000 shares in the last quarter. Creative Planning lifted its position in shares of Sasol by 61.4% during the second quarter. Creative Planning now owns 118,941 shares of the oil and gas company's stock valued at $905,000 after purchasing an additional 45,243 shares in the last quarter. Finally, XTX Topco Ltd bought a new position in shares of Sasol during the second quarter valued at about $110,000. 1.21% of the stock is currently owned by institutional investors.

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Sasol Company Profile

(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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