Sasol (NYSE:SSL) Shares Gap Down – What’s Next?

Sasol Limited (NYSE:SSL) shares gapped down prior to trading on Wednesday . The stock had previously closed at $4.59, but opened at $4.48. Sasol shares last traded at $4.47, with a volume of 331,376 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 Monday, December 30th.

Sasol Trading Down 1.0 %

The business has a 50-day moving average price of $4.93 and a two-hundred day moving average price of $6.21. 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

Large investors have recently added to or reduced their stakes in the business. Quantinno Capital Management LP lifted its position in shares of Sasol by 16.6% during the third quarter. Quantinno Capital Management LP now owns 28,073 shares of the oil and gas company’s stock valued at $190,000 after purchasing an additional 4,000 shares in the last quarter. Ballentine Partners LLC boosted its stake in Sasol by 32.3% in the third quarter. Ballentine Partners LLC now owns 19,308 shares of the oil and gas company’s stock valued at $131,000 after acquiring an additional 4,712 shares during the last quarter. QRG Capital Management Inc. increased its stake in shares of Sasol by 47.5% during the 3rd quarter. QRG Capital Management Inc. now owns 16,903 shares of the oil and gas company’s stock worth $114,000 after purchasing an additional 5,440 shares during the last quarter. Vanguard Personalized Indexing Management LLC raised its holdings in shares of Sasol by 33.2% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 23,662 shares of the oil and gas company’s stock worth $180,000 after purchasing an additional 5,898 shares during the period. Finally, Blue Trust Inc. grew its holdings in Sasol by 145.2% during the third quarter. Blue Trust Inc. now owns 11,892 shares of the oil and gas company’s stock valued at $80,000 after purchasing an additional 7,043 shares during the period. Institutional investors own 1.21% of the company’s stock.

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.