Sasol (NYSE:SSL) Shares Gap Up - Should You Buy?

Sasol Limited (NYSE:SSL - Get Free Report)'s share price gapped up prior to trading on Friday . The stock had previously closed at $4.42, but opened at $5.02. Sasol shares last traded at $5.03, with a volume of 694,497 shares.

Analysts Set New Price Targets

Separately, StockNews.com upgraded Sasol from a "hold" rating to a "buy" rating in a research note on Monday, December 30th.

Sasol Price Performance

The stock has a market capitalization of $3.29 billion, a price-to-earnings ratio of 2.25, a price-to-earnings-growth ratio of 0.13 and a beta of 2.34. The company has a current ratio of 2.33, a quick ratio of 1.58 and a debt-to-equity ratio of 0.89. The company's 50 day moving average is $5.07 and its 200 day moving average is $6.45.

Institutional Trading of Sasol

Institutional investors and hedge funds have recently made changes to their positions in the company. Barclays PLC increased its position in 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 buying an additional 7,127 shares during the period. Jane Street Group LLC acquired a new position in shares of Sasol in the 3rd quarter valued at $75,000. Atomi Financial Group Inc. purchased a new stake in Sasol in the 3rd quarter valued at $78,000. Blue Trust Inc. boosted its stake in Sasol by 145.2% during the 3rd quarter. Blue Trust Inc. now owns 11,892 shares of the oil and gas company's stock worth $80,000 after purchasing an additional 7,043 shares during the period. Finally, Private Advisor Group LLC purchased a new position in Sasol during the 3rd quarter worth $94,000. 1.21% of the stock is owned by hedge funds and other institutional investors.

Sasol Company Profile

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.