Sasol Limited (NYSE:SSL - Get Free Report)'s stock price gapped up prior to trading on Monday . The stock had previously closed at $4.20, but opened at $4.39. Sasol shares last traded at $4.41, with a volume of 360,566 shares trading hands.
Analysts Set New Price Targets
A number of equities analysts have recently commented on the stock. Bank of America lowered shares of Sasol from a "buy" rating to a "neutral" rating in a research report on Thursday, February 6th. StockNews.com lowered Sasol from a "buy" rating to a "hold" rating in a research note on Thursday, February 6th.
Check Out Our Latest Research Report on SSL
Sasol Price Performance
The company has a quick ratio of 1.58, a current ratio of 2.33 and a debt-to-equity ratio of 0.89. The firm's 50 day moving average is $4.79 and its two-hundred day moving average is $5.99.
Institutional Investors Weigh In On Sasol
Several institutional investors and hedge funds have recently made changes to their positions in the stock. Lindbrook Capital LLC grew its position in Sasol by 76.8% during the fourth quarter. Lindbrook Capital LLC now owns 7,194 shares of the oil and gas company's stock valued at $33,000 after buying an additional 3,125 shares during the period. Barclays PLC raised its holdings in Sasol by 255.9% during the 3rd quarter. Barclays PLC now owns 9,912 shares of the oil and gas company's stock valued at $67,000 after acquiring an additional 7,127 shares during the period. Apollon Wealth Management LLC purchased a new stake in shares of Sasol during the fourth quarter worth $46,000. Essential Planning LLC. purchased a new stake in Sasol during the 4th quarter worth about $46,000. Finally, Sivia Capital Partners LLC bought a new position in Sasol in the 4th quarter worth about $49,000. Institutional investors and hedge funds own 1.21% of the company's stock.
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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