Shares of Sasol Ltd. (NYSE:SSL - Get Free Report) dropped 3.9% during mid-day trading on Monday . The company traded as low as $5.31 and last traded at $5.24. Approximately 254,383 shares were traded during mid-day trading, a decline of 73% from the average daily volume of 959,139 shares. The stock had previously closed at $5.45.
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 Report on Sasol
Sasol Price Performance
The stock's 50 day moving average is $4.14 and its 200-day moving average is $4.37. The company has a market capitalization of $3.50 billion, a P/E ratio of 2.38, a P/E/G ratio of 0.23 and a beta of 0.79.
Hedge Funds Weigh In On Sasol
Institutional investors and hedge funds have recently made changes to their positions in the business. Lindbrook Capital LLC increased its stake in shares of Sasol by 76.8% during the fourth quarter. Lindbrook Capital LLC now owns 7,194 shares of the oil and gas company's stock valued at $33,000 after purchasing 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. Institutional investors own 1.21% of the company's stock.
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.
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