Sasol (NYSE:SSL) Shares Gap Up – What’s Next?

Sasol Limited (NYSE:SSL) gapped up prior to trading on Thursday . The stock had previously closed at $3.45, but opened at $3.59. Sasol shares last traded at $3.60, with a volume of 224,451 shares changing hands.

Analyst Upgrades and Downgrades

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

Sasol Stock Performance

The company’s fifty day moving average price is $4.10 and its 200 day moving average price is $4.95. The company has a debt-to-equity ratio of 0.89, a current ratio of 2.33 and a quick ratio of 1.58. The company has a market cap of $2.31 billion, a PE ratio of 1.57, a P/E/G ratio of 0.17 and a beta of 1.72.

Institutional Trading of Sasol

A number of institutional investors have recently modified their holdings of SSL. Lindbrook Capital LLC increased its position in shares of Sasol by 76.8% during the 4th quarter. Lindbrook Capital LLC now owns 7,194 shares of the oil and gas company’s stock valued at $33,000 after purchasing an additional 3,125 shares during the last quarter. Apollon Wealth Management LLC bought a new stake in Sasol during the 4th quarter valued at about $46,000. Essential Planning LLC. purchased a new stake in shares of Sasol during the fourth quarter valued at $46,000. Sivia Capital Partners LLC bought a new stake in Sasol in the 4th quarter worth approximately $49,000. Finally, HighTower Advisors LLC bought a new stake in shares of Sasol during the 4th quarter valued at about $49,000. 1.21% of the stock is currently owned by hedge funds and other institutional investors.

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.