Sasol Limited (NYSE:SSL - Get Free Report) shares gapped up before the market opened on Monday . The stock had previously closed at $4.64, but opened at $4.85. Sasol shares last traded at $4.75, with a volume of 329,658 shares.
Wall Street Analysts Forecast Growth
Several research analysts have commented on SSL shares. Bank of America downgraded Sasol from a "buy" rating to a "neutral" rating in a report on Thursday, February 6th. StockNews.com downgraded Sasol from a "buy" rating to a "hold" rating in a report on Thursday, February 6th.
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Sasol Price Performance
The stock has a fifty day moving average price of $4.70 and a 200-day moving average price of $5.78. The firm has a market capitalization of $3.00 billion, a PE ratio of 2.04, a P/E/G ratio of 0.17 and a beta of 2.31. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.58 and a current ratio of 2.33.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently made changes to their positions in SSL. Lindbrook Capital LLC increased its holdings in shares of 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 acquiring an additional 3,125 shares during the period. Apollon Wealth Management LLC purchased a new position in shares of Sasol in the 4th quarter valued at $46,000. Essential Planning LLC. purchased a new position in shares of Sasol in the 4th quarter valued at $46,000. Sivia Capital Partners LLC purchased a new position in shares of Sasol in the 4th quarter valued at $49,000. Finally, HighTower Advisors LLC purchased a new position in shares of Sasol in the 4th quarter valued at $49,000. 1.21% of the stock is currently owned by hedge funds and other institutional investors.
Sasol Company Profile
(
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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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