Sasol Limited (NYSE:SSL - Get Free Report) gapped down prior to trading on Wednesday . The stock had previously closed at $4.96, but opened at $4.83. Sasol shares last traded at $4.85, with a volume of 117,057 shares traded.
Analysts Set New Price Targets
Separately, Wall Street Zen downgraded Sasol from a "buy" rating to a "hold" rating in a report on Friday, May 16th.
View Our Latest Analysis on SSL
Sasol Price Performance
The company has a debt-to-equity ratio of 0.89, a current ratio of 2.33 and a quick ratio of 1.58. The firm has a market cap of $3.14 billion, a price-to-earnings ratio of 2.13, a price-to-earnings-growth ratio of 0.17 and a beta of 0.79. The stock's fifty day moving average price is $3.88 and its 200-day moving average price is $4.37.
Institutional Trading of Sasol
Several large investors have recently added to or reduced their stakes in SSL. Millennium Management LLC grew its stake in Sasol by 75.7% during the 1st quarter. Millennium Management LLC now owns 1,450,355 shares of the oil and gas company's stock valued at $6,135,000 after acquiring an additional 624,911 shares in the last quarter. Two Sigma Investments LP lifted its holdings in shares of Sasol by 100.7% during the 4th quarter. Two Sigma Investments LP now owns 1,054,238 shares of the oil and gas company's stock valued at $4,807,000 after buying an additional 528,860 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its holdings in Sasol by 9.5% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 792,140 shares of the oil and gas company's stock worth $3,612,000 after buying an additional 68,978 shares during the last quarter. American Century Companies Inc. raised its position in Sasol by 7.6% during the first quarter. American Century Companies Inc. now owns 709,675 shares of the oil and gas company's stock valued at $3,002,000 after acquiring an additional 50,412 shares in the last quarter. Finally, Renaissance Technologies LLC raised its position in Sasol by 119.0% during the fourth quarter. Renaissance Technologies LLC now owns 670,011 shares of the oil and gas company's stock valued at $3,055,000 after acquiring an additional 364,111 shares in the last quarter. 1.21% of the stock is owned by institutional investors and hedge funds.
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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