Sasol (NYSE:SSL) Shares Up 4.5% - Still a Buy?

Sasol Ltd. (NYSE:SSL - Get Free Report)'s stock price traded up 4.5% during trading on Tuesday . The company traded as high as $5.38 and last traded at $5.44. 153,030 shares traded hands during mid-day trading, a decline of 84% from the average session volume of 960,244 shares. The stock had previously closed at $5.20.

Analyst Upgrades and Downgrades

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

Sasol Trading Down 3.1%

The stock's fifty day moving average price is $4.18 and its 200 day moving average price is $4.37. The stock has a market cap of $3.39 billion, a P/E ratio of 2.31, a price-to-earnings-growth ratio of 0.23 and a beta of 0.79.

Hedge Funds Weigh In On Sasol

Institutional investors have recently made changes to their positions in the stock. Jane Street Group LLC grew its holdings in shares of Sasol by 31.9% during the 1st quarter. Jane Street Group LLC now owns 154,700 shares of the oil and gas company's stock valued at $654,000 after purchasing an additional 37,412 shares during the last quarter. Millennium Management LLC grew its holdings in shares of 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 purchasing an additional 624,911 shares during the last quarter. Cubist Systematic Strategies LLC grew its holdings in shares of Sasol by 15.9% during the 1st quarter. Cubist Systematic Strategies LLC now owns 204,784 shares of the oil and gas company's stock valued at $866,000 after purchasing an additional 28,026 shares during the last quarter. Vident Advisory LLC grew its holdings in shares of Sasol by 75.9% during the 1st quarter. Vident Advisory LLC now owns 71,586 shares of the oil and gas company's stock valued at $303,000 after purchasing an additional 30,896 shares during the last quarter. Finally, Trexquant Investment LP grew its holdings in shares of Sasol by 368.2% during the 1st quarter. Trexquant Investment LP now owns 437,517 shares of the oil and gas company's stock valued at $1,851,000 after purchasing an additional 344,066 shares during the last quarter. Institutional investors own 1.21% of the company's stock.

Sasol Company Profile

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.