Sasol Limited (NYSE:SSL - Get Free Report)'s stock price gapped up before the market opened on Thursday . The stock had previously closed at $3.45, but opened at $3.59. Sasol shares last traded at $3.60, with a volume of 224,451 shares.
Analyst Ratings Changes
Several equities analysts have recently weighed in on the stock. StockNews.com lowered shares of Sasol from a "buy" rating to a "hold" rating in a research report on Sunday, March 30th. Bank of America cut Sasol from a "buy" rating to a "neutral" rating in a research note on Thursday, February 6th.
Check Out Our Latest Report on Sasol
Sasol Trading Down 2.8 %
The company has a 50 day simple moving average of $4.06 and a two-hundred day simple moving average of $4.87. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.58 and a current ratio of 2.33. The company has a market cap of $2.26 billion, a PE ratio of 1.54, a PEG ratio of 0.17 and a beta of 1.72.
Hedge Funds Weigh In On Sasol
Institutional investors and hedge funds have recently modified their holdings of the stock. Jane Street Group LLC purchased a new stake in shares of Sasol during the 3rd quarter worth about $75,000. Barclays PLC grew its position in Sasol by 255.9% in the third quarter. Barclays PLC now owns 9,912 shares of the oil and gas company's stock worth $67,000 after acquiring an additional 7,127 shares in the last quarter. Virtu Financial LLC acquired a new stake in shares of Sasol in the 3rd quarter valued at $167,000. Sivia Capital Partners LLC acquired a new position in Sasol during the fourth quarter worth $49,000. Finally, Ballentine Partners LLC lifted its position in shares of Sasol by 26.1% in the fourth quarter. Ballentine Partners LLC now owns 24,353 shares of the oil and gas company's stock worth $111,000 after buying an additional 5,045 shares during the last quarter. 1.21% of the stock is currently 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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