Free Trial

Sasol (NYSE:SSL) Shares Gap Up - Here's What Happened

Sasol logo with Energy background

Sasol Ltd. (NYSE:SSL - Get Free Report) shares gapped up before the market opened on Wednesday . The stock had previously closed at $4.60, but opened at $4.81. Sasol shares last traded at $4.80, with a volume of 193,895 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen lowered Sasol from a "buy" rating to a "hold" rating in a research note on Friday, May 16th.

Get Our Latest Research Report on SSL

Sasol Trading Up 2.0%

The stock has a market cap of $3.31 billion, a PE ratio of 2.25, a P/E/G ratio of 0.17 and a beta of 0.76. The business has a fifty day simple moving average of $4.41 and a two-hundred day simple moving average of $4.35.

Hedge Funds Weigh In On Sasol

Institutional investors have recently added to or reduced their stakes in the company. Rhumbline Advisers lifted its holdings in shares of Sasol by 191.6% during the fourth quarter. Rhumbline Advisers now owns 15,129 shares of the oil and gas company's stock valued at $69,000 after purchasing an additional 9,940 shares during the last quarter. SBI Securities Co. Ltd. bought a new stake in Sasol in the fourth quarter worth $50,000. Raymond James Financial Inc. bought a new position in shares of Sasol during the fourth quarter valued at $54,000. Lindbrook Capital LLC raised its position in shares of 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 purchasing an additional 3,125 shares during the last quarter. Finally, Pinnacle Wealth Planning Services Inc. grew its position in Sasol by 97.4% during the 4th quarter. Pinnacle Wealth Planning Services Inc. now owns 33,358 shares of the oil and gas company's stock valued at $152,000 after purchasing an additional 16,462 shares during the last quarter. 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.

Featured Articles

Should You Invest $1,000 in Sasol Right Now?

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

The Best High-Yield Dividend Stocks for 2025 Cover

Discover the 10 Best High-Yield Dividend Stocks for 2025 and secure reliable income in uncertain markets. Download the report now to identify top dividend payers and avoid common yield traps.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

3 Small-Cap Biotech Stocks With Catalysts Too Big to Ignore
AI Stocks Are Printing Money — These 3 Are Just Getting Started
Why Drone Stocks Are Skyrocketing Right Now!

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines