Sasol (NYSE:SSL) Shares Gap Up – Here’s Why

Sasol Limited (NYSE:SSL) shares gapped up prior to trading on Monday . The stock had previously closed at $4.64, but opened at $4.85. Sasol shares last traded at $4.75, with a volume of 329,658 shares changing hands.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. StockNews.com downgraded Sasol from a “buy” rating to a “hold” rating in a research report on Thursday, February 6th. Bank of America cut shares of Sasol from a “buy” rating to a “neutral” rating in a research note on Thursday, February 6th.

Sasol Trading Down 2.2 %

The business has a 50-day moving average of $4.70 and a two-hundred day moving average of $5.79. 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 has a market capitalization of $3.03 billion, a price-to-earnings ratio of 2.06, a P/E/G ratio of 0.17 and a beta of 2.31.

Institutional Trading of Sasol

A number of institutional investors and hedge funds have recently modified their holdings of SSL. ABC Arbitrage SA acquired a new stake in Sasol during the fourth quarter worth $730,000. Barclays PLC boosted its position in shares of 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 in the last quarter. Point72 Asset Management L.P. raised its position in Sasol by 312.8% in the third quarter. Point72 Asset Management L.P. now owns 296,800 shares of the oil and gas company’s stock worth $2,006,000 after purchasing an additional 224,900 shares in the last quarter. Blue Trust Inc. lifted its stake in Sasol by 80.4% during the fourth quarter. Blue Trust Inc. now owns 21,456 shares of the oil and gas company’s stock worth $98,000 after purchasing an additional 9,564 shares during the period. Finally, Jane Street Group LLC acquired a new stake in Sasol during the third quarter valued at approximately $75,000. 1.21% of the stock is currently owned by institutional investors.

About Sasol

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.