Sasol (NYSE:SSL) Shares Gap Down – Time to Sell?

Sasol Limited (NYSE:SSL) shares gapped down before the market opened on Tuesday . The stock had previously closed at $6.45, but opened at $6.30. Sasol shares last traded at $6.26, with a volume of 165,374 shares trading hands.

Analysts Set New Price Targets

Separately, StockNews.com raised Sasol from a “hold” rating to a “buy” rating in a research note on Thursday, August 29th.

Sasol Trading Down 3.6 %

The firm has a 50 day moving average of $7.15 and a 200-day moving average of $7.33. 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 bought and sold shares of the company. O Shaughnessy Asset Management LLC lifted its stake in shares of Sasol by 2.5% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 78,516 shares of the oil and gas company’s stock worth $613,000 after purchasing an additional 1,900 shares during the last quarter. CWM LLC lifted its holdings in shares of Sasol by 62.7% during the 2nd quarter. CWM LLC now owns 5,417 shares of the oil and gas company’s stock valued at $41,000 after purchasing an additional 2,087 shares during the last quarter. Van ECK Associates Corp boosted its position in shares of Sasol by 7.4% in the 2nd quarter. Van ECK Associates Corp now owns 36,974 shares of the oil and gas company’s stock worth $281,000 after purchasing an additional 2,535 shares in the last quarter. Ritholtz Wealth Management boosted its position in shares of Sasol by 6.3% in the 2nd quarter. Ritholtz Wealth Management now owns 57,825 shares of the oil and gas company’s stock worth $440,000 after purchasing an additional 3,416 shares in the last quarter. Finally, Blue Trust Inc. grew its stake in Sasol by 247.6% during the 2nd quarter. Blue Trust Inc. now owns 4,849 shares of the oil and gas company’s stock worth $38,000 after buying an additional 3,454 shares during the last quarter. Institutional investors 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.