Sasol (NYSE:SSL) Trading Up 4.5% - Should You Buy?

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

Analyst Upgrades and Downgrades

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

Sasol Stock Performance

The company has a market capitalization of $3.47 billion, a P/E ratio of 2.35, a P/E/G ratio of 0.17 and a beta of 0.79. The company has a current ratio of 2.33, a quick ratio of 1.58 and a debt-to-equity ratio of 0.89. The company's fifty day moving average is $4.01 and its 200 day moving average is $4.36.

Hedge Funds Weigh In On Sasol

Institutional investors have recently made changes to their positions in the stock. Savant Capital LLC bought a new stake in shares of Sasol in the 4th quarter worth approximately $94,000. Rhumbline Advisers boosted its position in 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 buying an additional 9,940 shares during the period. SBI Securities Co. Ltd. bought a new position in shares of Sasol during the fourth quarter valued at about $50,000. Raymond James Financial Inc. bought a new position in shares of Sasol during the fourth quarter valued at about $54,000. Finally, Lindbrook Capital LLC grew its position 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 worth $33,000 after acquiring an additional 3,125 shares during the last quarter. Institutional investors own 1.21% of the company's stock.

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.

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