Sasol Ltd. (NYSE:SSL - Get Free Report) shares gapped up prior to trading on Monday . The stock had previously closed at $6.29, but opened at $6.74. Sasol shares last traded at $6.97, with a volume of 1,558,412 shares.
Wall Street Analysts Forecast Growth
Separately, Wall Street Zen lowered Sasol from a "buy" rating to a "hold" rating in a research report on Friday, May 16th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Sasol presently has a consensus rating of "Hold".
Read Our Latest Stock Analysis on Sasol
Sasol Stock Performance
The business has a fifty day simple moving average of $5.26 and a two-hundred day simple moving average of $4.52. The company has a market cap of $4.37 billion, a PE ratio of 2.98, a price-to-earnings-growth ratio of 0.22 and a beta of 0.76. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.84 and a quick ratio of 1.16.
Institutional Inflows and Outflows
Large investors have recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC increased its position in shares of Sasol by 347.3% during the second quarter. EverSource Wealth Advisors LLC now owns 8,960 shares of the oil and gas company's stock worth $40,000 after acquiring an additional 6,957 shares during the period. Sivia Capital Partners LLC purchased a new position in shares of Sasol during the 2nd quarter worth approximately $52,000. Raymond James Financial Inc. purchased a new stake in Sasol in the 4th quarter worth approximately $54,000. FORA Capital LLC acquired a new position in shares of Sasol in the 1st quarter valued at $55,000. Finally, Parallel Advisors LLC lifted its holdings in Sasol by 119.9% in the 2nd quarter. Parallel Advisors LLC now owns 17,169 shares of the oil and gas company's stock worth $76,000 after buying an additional 9,360 shares in the last quarter. 1.21% of the stock is currently 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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