Shares of Sasol Limited (NYSE:SSL - Get Free Report) gapped down prior to trading on Friday . The stock had previously closed at $5.14, but opened at $4.97. Sasol shares last traded at $4.93, with a volume of 508,411 shares trading hands.
Analyst Upgrades and Downgrades
Separately, StockNews.com raised shares of Sasol from a "hold" rating to a "buy" rating in a research report on Thursday, August 29th.
Read Our Latest Stock Report on Sasol
Sasol Stock Performance
The company has a market capitalization of $3.25 billion, a PE ratio of 2.23, a P/E/G ratio of 0.13 and a beta of 2.41. The stock has a 50-day simple moving average of $6.12 and a 200 day simple moving average of $6.90. The company has a debt-to-equity ratio of 0.89, a current ratio of 2.33 and a quick ratio of 1.58.
Institutional Trading of Sasol
A number of hedge funds and other institutional investors have recently modified their holdings of the company. Virtu Financial LLC bought a new stake in Sasol during the third quarter worth about $167,000. Barclays PLC raised its holdings in shares of Sasol by 255.9% during the third quarter. Barclays PLC now owns 9,912 shares of the oil and gas company's stock worth $67,000 after acquiring an additional 7,127 shares during the period. Public Employees Retirement System of Ohio acquired a new stake in shares of Sasol during the third quarter worth $670,000. XTX Topco Ltd grew its position in Sasol by 184.7% in the third quarter. XTX Topco Ltd now owns 41,285 shares of the oil and gas company's stock valued at $279,000 after purchasing an additional 26,785 shares in the last quarter. Finally, Jane Street Group LLC bought a new position in Sasol in the third quarter valued at $75,000. Institutional investors own 1.21% of the company's stock.
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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