Sasol Ltd. (NYSE:SSL - Get Free Report) gapped down before the market opened on Tuesday . The stock had previously closed at $5.11, but opened at $4.57. Sasol shares last traded at $4.57, with a volume of 760,196 shares trading hands.
Analyst Upgrades and Downgrades
Separately, Wall Street Zen downgraded Sasol from a "buy" rating to a "hold" rating in a report on Friday, May 16th.
Get Our Latest Stock Report on Sasol
Sasol Stock Down 10.9%
The company has a market cap of $2.95 billion, a P/E ratio of 2.01, a P/E/G ratio of 0.22 and a beta of 0.79. The business has a fifty day simple moving average of $4.21 and a two-hundred day simple moving average of $4.37.
Institutional Trading of Sasol
A number of large investors have recently made changes to their positions in the business. Lindbrook Capital LLC boosted its holdings in Sasol by 76.8% during the 4th quarter. Lindbrook Capital LLC now owns 7,194 shares of the oil and gas company's stock valued at $33,000 after acquiring an additional 3,125 shares during the period. Blue Trust Inc. grew its holdings in shares of Sasol by 24.9% in the first quarter. Blue Trust Inc. now owns 17,229 shares of the oil and gas company's stock worth $73,000 after purchasing an additional 3,433 shares during the last quarter. QRG Capital Management Inc. lifted its holdings in Sasol by 22.8% during the 1st quarter. QRG Capital Management Inc. now owns 20,463 shares of the oil and gas company's stock valued at $87,000 after buying an additional 3,803 shares in the last quarter. Vident Advisory LLC grew its stake in Sasol by 11.2% in the 4th quarter. Vident Advisory LLC now owns 40,690 shares of the oil and gas company's stock worth $186,000 after acquiring an additional 4,108 shares in the last quarter. Finally, US Bancorp DE increased its position in shares of Sasol by 27.5% during the first quarter. US Bancorp DE now owns 20,604 shares of the oil and gas company's stock worth $87,000 after acquiring an additional 4,442 shares during the period. 1.21% of the stock is currently owned by institutional investors.
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.
See Also
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Sasol, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Sasol wasn't on the list.
While Sasol currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering what the next stocks will be that hit it big, with solid fundamentals? Enter your email address to see which stocks MarketBeat analysts could become the next blockbuster growth stocks.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
