Sasol Ltd. (NYSE:SSL - Get Free Report)'s share price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $4.35 and traded as high as $5.04. Sasol shares last traded at $5.10, with a volume of 751,285 shares changing hands.
Wall Street Analyst Weigh In
Separately, Wall Street Zen downgraded Sasol from a "buy" rating to a "hold" rating in a research note on Friday, May 16th.
Read Our Latest Analysis on SSL
Sasol Stock Up 2.0%
The company has a market capitalization of $3.31 billion, a price-to-earnings ratio of 2.25, a P/E/G ratio of 0.17 and a beta of 0.76. The firm has a 50 day moving average price of $4.41 and a two-hundred day moving average price of $4.35.
Hedge Funds Weigh In On Sasol
Hedge funds have recently bought and sold shares of the company. American Century Companies Inc. grew its stake in Sasol by 6.1% in the fourth quarter. American Century Companies Inc. now owns 659,263 shares of the oil and gas company's stock worth $3,006,000 after purchasing an additional 38,029 shares in the last quarter. SBI Securities Co. Ltd. acquired a new position in Sasol in the fourth quarter worth about $50,000. BNP Paribas Financial Markets grew its stake in Sasol by 124.4% in the fourth quarter. BNP Paribas Financial Markets now owns 114,093 shares of the oil and gas company's stock worth $520,000 after purchasing an additional 63,244 shares in the last quarter. Jane Street Group LLC grew its stake in Sasol by 962.5% in the fourth quarter. Jane Street Group LLC now owns 117,288 shares of the oil and gas company's stock worth $535,000 after purchasing an additional 106,249 shares in the last quarter. Finally, Rhumbline Advisers grew its stake in Sasol by 191.6% in the fourth quarter. Rhumbline Advisers now owns 15,129 shares of the oil and gas company's stock worth $69,000 after purchasing an additional 9,940 shares in the last quarter. 1.21% of the stock is currently owned by institutional investors and hedge funds.
About Sasol
(
Get Free Report)
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.
Further Reading
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