Sasol Limited (NYSE:SSL - Get Free Report) gapped down before the market opened on Thursday . The stock had previously closed at $4.40, but opened at $4.14. Sasol shares last traded at $4.18, with a volume of 139,008 shares traded.
Analysts Set New Price Targets
Several brokerages have recently issued reports on SSL. StockNews.com raised Sasol from a "hold" rating to a "buy" rating in a report on Thursday, March 6th. Bank of America cut shares of Sasol from a "buy" rating to a "neutral" rating in a research report on Thursday, February 6th.
View Our Latest Analysis on Sasol
Sasol Stock Performance
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 stock has a market capitalization of $2.69 billion, a PE ratio of 1.83, a P/E/G ratio of 0.17 and a beta of 2.31. The firm's 50 day moving average is $4.64 and its two-hundred day moving average is $5.56.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Lindbrook Capital LLC raised its position in Sasol by 76.8% in the 4th quarter. Lindbrook Capital LLC now owns 7,194 shares of the oil and gas company's stock valued at $33,000 after purchasing an additional 3,125 shares in the last quarter. Apollon Wealth Management LLC purchased a new stake in shares of Sasol in the 4th quarter valued at approximately $46,000. Essential Planning LLC. purchased a new stake in shares of Sasol during the 4th quarter worth $46,000. Sivia Capital Partners LLC acquired a new position in shares of Sasol during the fourth quarter worth $49,000. Finally, HighTower Advisors LLC acquired a new position in shares of Sasol during the fourth quarter worth $49,000. 1.21% of the stock is currently 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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