Sasol (NYSE:SSL) Shares Down 4.6% – Here’s What Happened

Sasol Limited (NYSE:SSL) shares were down 4.6% on Thursday . The stock traded as low as $4.76 and last traded at $4.73. Approximately 345,033 shares changed hands during trading, a decline of 74% from the average daily volume of 1,322,753 shares. The stock had previously closed at $4.96.

Wall Street Analyst Weigh In

Separately, StockNews.com raised Sasol from a “hold” rating to a “buy” rating in a report on Monday, December 30th.

Sasol Stock Up 0.7 %

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 50-day moving average of $4.96 and a 200 day moving average of $6.27.

Hedge Funds Weigh In On Sasol

Several hedge funds have recently added to or reduced their stakes in the company. Barclays PLC grew its position in Sasol by 255.9% in 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 during the last quarter. Point72 Asset Management L.P. lifted its position in shares of Sasol by 312.8% in the 3rd quarter. Point72 Asset Management L.P. now owns 296,800 shares of the oil and gas company’s stock worth $2,006,000 after purchasing an additional 224,900 shares during the period. XTX Topco Ltd lifted its holdings in Sasol by 184.7% during the third quarter. XTX Topco Ltd now owns 41,285 shares of the oil and gas company’s stock worth $279,000 after buying an additional 26,785 shares during the period. Jane Street Group LLC bought a new stake in Sasol during the third quarter valued at about $75,000. Finally, Private Advisor Group LLC bought a new stake in shares of Sasol in the 3rd quarter valued at about $94,000. 1.21% of the stock is currently owned by 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.