Shares of Sasol Ltd. (NYSE:SSL - Get Free Report) passed 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 traded.
Analysts Set New Price Targets
Separately, Wall Street Zen downgraded shares of Sasol from a "buy" rating to a "hold" rating in a research note on Friday, May 16th.
Check Out Our Latest Stock Analysis on Sasol
Sasol Stock Performance
The firm has a market capitalization of $3.31 billion, a P/E ratio of 2.25, a P/E/G ratio of 0.17 and a beta of 0.76. The stock's 50 day simple moving average is $4.41 and its 200 day simple moving average is $4.35.
Hedge Funds Weigh In On Sasol
Hedge funds have recently added to or reduced their stakes in the stock. Lindbrook Capital LLC grew its stake in 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 acquiring an additional 3,125 shares in the last quarter. Essential Planning LLC. bought a new position in shares of Sasol during the fourth quarter valued at approximately $46,000. HighTower Advisors LLC bought a new position in shares of Sasol during the fourth quarter valued at approximately $49,000. SBI Securities Co. Ltd. bought a new position in shares of Sasol during the fourth quarter valued at approximately $50,000. Finally, Raymond James Financial Inc. bought a new position in shares of Sasol during the fourth quarter valued at approximately $54,000. 1.21% of the stock is currently owned by institutional investors.
Sasol Company Profile
(
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.
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