Sasol (NYSE:SSL) Shares Down 3.4% - Here's Why

Sasol Limited (NYSE:SSL - Get Free Report)'s stock price was down 3.4% during mid-day trading on Wednesday . The company traded as low as $4.18 and last traded at $4.18. Approximately 72,188 shares changed hands during mid-day trading, a decline of 91% from the average daily volume of 838,685 shares. The stock had previously closed at $4.32.

Analyst Upgrades and Downgrades

SSL has been the subject of a number of recent analyst reports. StockNews.com cut Sasol from a "buy" rating to a "hold" rating in a research report on Sunday, March 30th. Bank of America cut shares of Sasol from a "buy" rating to a "neutral" rating in a research report on Thursday, February 6th.

Sasol Stock Down 3.6 %

The stock has a fifty day moving average price of $4.37 and a two-hundred day moving average price of $5.17. The company has a market cap of $2.02 billion, a price-to-earnings ratio of 1.37, a P/E/G ratio of 0.17 and a beta of 1.72. The company has a quick ratio of 1.58, a current ratio of 2.33 and a debt-to-equity ratio of 0.89.

Institutional Investors Weigh In On Sasol

A number of large investors have recently bought and sold shares of SSL. Lindbrook Capital LLC boosted its stake in Sasol by 76.8% in the fourth quarter. Lindbrook Capital LLC now owns 7,194 shares of the oil and gas company's stock valued at $33,000 after buying an additional 3,125 shares in the last quarter. Barclays PLC boosted its holdings in shares of Sasol by 255.9% during the 3rd quarter. Barclays PLC now owns 9,912 shares of the oil and gas company's stock valued at $67,000 after acquiring an additional 7,127 shares in the last quarter. Apollon Wealth Management LLC bought a new stake in Sasol during the 4th quarter worth $46,000. Essential Planning LLC. acquired a new position in Sasol in the 4th quarter worth about $46,000. Finally, Sivia Capital Partners LLC bought a new position in Sasol in the fourth quarter valued at about $49,000. 1.21% of the stock is currently owned by institutional investors and hedge funds.

About Sasol

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.