Shares of Sasol Limited (NYSE:SSL - Get Free Report) gapped up prior to trading on Friday . The stock had previously closed at $4.15, but opened at $4.27. Sasol shares last traded at $4.33, with a volume of 107,568 shares trading hands.
Wall Street Analyst Weigh In
Several equities analysts have recently issued reports on the stock. StockNews.com raised shares of Sasol from a "hold" rating to a "buy" rating in a report on Thursday. Bank of America lowered shares of Sasol from a "buy" rating to a "neutral" rating in a report on Thursday, February 6th.
Check Out Our Latest Report on Sasol
Sasol Stock Performance
The stock has a market capitalization of $2.83 billion, a price-to-earnings ratio of 1.92, a price-to-earnings-growth ratio of 0.17 and a beta of 2.31. 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 stock's 50 day moving average is $4.65 and its two-hundred day moving average is $5.64.
Hedge Funds Weigh In On Sasol
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Lindbrook Capital LLC boosted its stake 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 worth $33,000 after purchasing an additional 3,125 shares during the period. Quantinno Capital Management LP boosted its stake in Sasol by 16.6% in the 3rd quarter. Quantinno Capital Management LP now owns 28,073 shares of the oil and gas company's stock worth $190,000 after purchasing an additional 4,000 shares during the period. Vident Advisory LLC boosted its stake in Sasol by 11.2% in the 4th quarter. Vident Advisory LLC now owns 40,690 shares of the oil and gas company's stock worth $186,000 after purchasing an additional 4,108 shares during the period. Ameriprise Financial Inc. boosted its stake in Sasol by 29.5% in the 4th quarter. Ameriprise Financial Inc. now owns 22,028 shares of the oil and gas company's stock worth $100,000 after purchasing an additional 5,021 shares during the period. Finally, Ballentine Partners LLC boosted its stake in Sasol by 26.1% in the 4th quarter. Ballentine Partners LLC now owns 24,353 shares of the oil and gas company's stock worth $111,000 after purchasing an additional 5,045 shares during the period. 1.21% of the stock is owned by institutional investors and hedge funds.
Sasol Company Profile
(
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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