Sasol (NYSE:SSL) Stock Price Up 3.3% - Still a Buy?

Sasol Limited (NYSE:SSL - Get Free Report) shares traded up 3.3% during trading on Monday . The stock traded as high as $4.24 and last traded at $4.27. 471,169 shares were traded during mid-day trading, a decline of 44% from the average session volume of 838,657 shares. The stock had previously closed at $4.13.

Analyst Ratings Changes

SSL has been the topic of several research reports. Bank of America lowered Sasol from a "buy" rating to a "neutral" rating in a research report on Thursday, February 6th. StockNews.com cut shares of Sasol from a "buy" rating to a "hold" rating in a report on Sunday.

Sasol Stock Performance

The company has a market capitalization of $2.32 billion, a price-to-earnings ratio of 1.58, a P/E/G ratio of 0.17 and a beta of 2.31. The stock has a 50 day simple moving average of $4.40 and a 200 day simple moving average of $5.22. The company has a quick ratio of 1.58, a current ratio of 2.33 and a debt-to-equity ratio of 0.89.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Pinnacle Wealth Planning Services Inc. lifted its stake in Sasol by 97.4% in the fourth quarter. Pinnacle Wealth Planning Services Inc. now owns 33,358 shares of the oil and gas company's stock valued at $152,000 after buying an additional 16,462 shares during the last quarter. Vident Advisory LLC lifted its position 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 valued at $186,000 after purchasing an additional 4,108 shares during the last quarter. Two Sigma Advisers LP grew its position in Sasol by 108.8% in the 4th quarter. Two Sigma Advisers LP now owns 610,200 shares of the oil and gas company's stock worth $2,783,000 after purchasing an additional 317,900 shares during the last quarter. Two Sigma Investments LP raised its holdings in shares of Sasol by 100.7% during the fourth quarter. Two Sigma Investments LP now owns 1,054,238 shares of the oil and gas company's stock valued at $4,807,000 after buying an additional 528,860 shares during the last quarter. Finally, Point72 Asset Management L.P. boosted its position in shares of Sasol by 45.9% during the fourth quarter. Point72 Asset Management L.P. now owns 433,100 shares of the oil and gas company's stock worth $1,975,000 after buying an additional 136,300 shares during the period. Institutional investors and hedge funds 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.