Shares of Sasol Limited (NYSE:SSL - Get Free Report) gapped up before the market opened on Friday . The stock had previously closed at $3.18, but opened at $3.32. Sasol shares last traded at $3.34, with a volume of 256,143 shares.
Analyst Ratings Changes
Several equities research analysts have recently weighed in on SSL shares. StockNews.com downgraded Sasol from a "buy" rating to a "hold" rating in a report on Sunday, March 30th. Bank of America lowered Sasol from a "buy" rating to a "neutral" rating in a report on Thursday, February 6th.
Read Our Latest Report on Sasol
Sasol Trading Down 2.7 %
The stock has a 50-day simple moving average of $4.13 and a 200 day simple moving average of $4.97. 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 has a market cap of $2.22 billion, a price-to-earnings ratio of 1.51, a PEG ratio of 0.17 and a beta of 1.72.
Institutional Trading of Sasol
A number of hedge funds have recently added to or reduced their stakes in the company. Lindbrook Capital LLC increased its holdings 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 acquiring an additional 3,125 shares in the last quarter. Barclays PLC lifted its stake in Sasol by 255.9% in the 3rd quarter. Barclays PLC now owns 9,912 shares of the oil and gas company's stock valued at $67,000 after buying an additional 7,127 shares in the last quarter. Apollon Wealth Management LLC acquired a new stake in Sasol in the 4th quarter worth about $46,000. Essential Planning LLC. acquired a new position in shares of Sasol during the fourth quarter valued at approximately $46,000. Finally, Sivia Capital Partners LLC purchased a new position in shares of Sasol in the fourth quarter valued at approximately $49,000. 1.21% of the stock is owned by hedge funds and other institutional investors.
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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