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

Sasol Limited (NYSE:SSL - Get Free Report) gapped up before the market opened on Friday . The stock had previously closed at $4.10, but opened at $4.25. Sasol shares last traded at $4.20, with a volume of 203,763 shares.

Wall Street Analyst Weigh In

SSL has been the topic of several recent analyst reports. Bank of America downgraded Sasol from a "buy" rating to a "neutral" rating in a report on Thursday, February 6th. StockNews.com cut Sasol from a "buy" rating to a "hold" rating in a report on Sunday.

Sasol Stock Up 2.7 %

The firm's 50-day simple moving average is $4.46 and its two-hundred day simple moving average is $5.26. The stock has a market cap of $2.82 billion, a price-to-earnings ratio of 1.91, a PEG 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

Several institutional investors have recently bought and sold shares of the stock. Millennium Management LLC raised its position in shares of Sasol by 2,401.8% during the fourth quarter. Millennium Management LLC now owns 825,444 shares of the oil and gas company's stock worth $3,764,000 after acquiring an additional 792,450 shares during the last quarter. Two Sigma Investments LP increased its position in Sasol by 100.7% in the fourth quarter. Two Sigma Investments LP now owns 1,054,238 shares of the oil and gas company's stock worth $4,807,000 after purchasing an additional 528,860 shares during the period. Generali Investments CEE investicni spolecnost a.s. bought a new stake in Sasol during the 4th quarter worth about $1,674,000. Renaissance Technologies LLC lifted its holdings in Sasol by 119.0% in the fourth quarter. Renaissance Technologies LLC now owns 670,011 shares of the oil and gas company's stock valued at $3,055,000 after buying an additional 364,111 shares during the period. Finally, Two Sigma Advisers LP lifted its stake in shares of Sasol by 108.8% in the 4th quarter. Two Sigma Advisers LP now owns 610,200 shares of the oil and gas company's stock valued at $2,783,000 after purchasing an additional 317,900 shares during the period. Institutional investors own 1.21% of the company's stock.

Remove Ads

About Sasol

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.