Sasol (NYSE:SSL) Trading 3.3% Higher – Here’s What Happened

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

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. Bank of America cut Sasol from a “buy” rating to a “neutral” rating in a research report on Thursday, February 6th. StockNews.com cut Sasol from a “buy” rating to a “hold” rating in a research report on Sunday.

Sasol Stock Performance

The stock has a market capitalization of $2.68 billion, a PE ratio of 1.82, a P/E/G ratio of 0.17 and a beta of 2.31. The stock has a 50 day moving average of $4.44 and a two-hundred day moving average of $5.24. The company has a debt-to-equity ratio of 0.89, a current ratio of 2.33 and a quick ratio of 1.58.

Institutional Trading of Sasol

Large investors have recently bought and sold shares of the company. Lindbrook Capital LLC boosted its position in shares of Sasol by 76.8% in the 4th quarter. Lindbrook Capital LLC now owns 7,194 shares of the oil and gas company’s stock worth $33,000 after buying an additional 3,125 shares in the last quarter. Apollon Wealth Management LLC acquired a new position in Sasol during the fourth quarter worth about $46,000. Essential Planning LLC. purchased a new stake in shares of Sasol in the fourth quarter valued at about $46,000. Sivia Capital Partners LLC purchased a new position in shares of Sasol during the 4th quarter worth approximately $49,000. Finally, HighTower Advisors LLC acquired a new position in shares of Sasol during the 4th quarter worth approximately $49,000. Institutional investors and hedge funds own 1.21% of the company’s stock.

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.