Sasol (NYSE:SSL) Shares Down 3.4% - Here's Why

Sasol Limited (NYSE:SSL - Get Free Report)'s stock price fell 3.4% on Wednesday . The company traded as low as $4.18 and last traded at $4.18. 72,188 shares were traded during mid-day trading, a decline of 91% from the average session volume of 838,685 shares. The stock had previously closed at $4.32.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on SSL shares. Bank of America downgraded shares of Sasol from a "buy" rating to a "neutral" rating in a research report on Thursday, February 6th. StockNews.com lowered shares of Sasol from a "buy" rating to a "hold" rating in a research report on Sunday, March 30th.

Sasol Stock Performance

The firm has a fifty day simple moving average of $4.37 and a 200-day simple moving average of $5.19. The stock has a market cap of $2.10 billion, a price-to-earnings ratio of 1.43, a P/E/G ratio of 0.17 and a beta of 1.72. The company has a current ratio of 2.33, a quick ratio of 1.58 and a debt-to-equity ratio of 0.89.

Hedge Funds Weigh In On Sasol

Hedge funds have recently added to or reduced their stakes in the company. Two Sigma Investments LP raised its holdings in Sasol by 100.7% during the 4th quarter. Two Sigma Investments LP now owns 1,054,238 shares of the oil and gas company's stock worth $4,807,000 after purchasing an additional 528,860 shares during the last quarter. Millennium Management LLC raised its stake in shares of Sasol by 2,401.8% during the fourth quarter. Millennium Management LLC now owns 825,444 shares of the oil and gas company's stock worth $3,764,000 after buying an additional 792,450 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of Sasol by 9.5% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 792,140 shares of the oil and gas company's stock worth $3,612,000 after buying an additional 68,978 shares during the last quarter. Renaissance Technologies LLC lifted its holdings in Sasol by 119.0% in the fourth quarter. Renaissance Technologies LLC now owns 670,011 shares of the oil and gas company's stock valued at $3,055,000 after buying an additional 364,111 shares during the period. Finally, American Century Companies Inc. boosted its stake in Sasol by 6.1% in the fourth quarter. American Century Companies Inc. now owns 659,263 shares of the oil and gas company's stock valued at $3,006,000 after acquiring an additional 38,029 shares during the last quarter. Institutional investors own 1.21% of the company's stock.

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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.