Sasol (NYSE:SSL) Trading Up 5.1% – What’s Next?

Sasol Limited (NYSE:SSL) shares were up 5.1% on Tuesday . The stock traded as high as $4.59 and last traded at $4.61. Approximately 126,792 shares were traded during mid-day trading, a decline of 91% from the average daily volume of 1,353,244 shares. The stock had previously closed at $4.38.

Analyst Ratings Changes

Several brokerages have recently weighed in on SSL. StockNews.com cut shares of Sasol from a “buy” rating to a “hold” rating in a research note on Thursday, February 6th. Bank of America downgraded shares of Sasol from a “buy” rating to a “neutral” rating in a report on Thursday, February 6th.

Sasol Price Performance

The company has a quick ratio of 1.58, a current ratio of 2.33 and a debt-to-equity ratio of 0.89. The stock has a fifty day moving average price of $4.81 and a 200 day moving average price of $6.02.

Institutional Investors Weigh In On Sasol

Large investors have recently added to or reduced their stakes in the stock. Lindbrook Capital LLC increased its position in shares of Sasol by 76.8% during the fourth quarter. Lindbrook Capital LLC now owns 7,194 shares of the oil and gas company’s stock worth $33,000 after purchasing an additional 3,125 shares in the last quarter. Barclays PLC increased its holdings in Sasol by 255.9% in the 3rd quarter. Barclays PLC now owns 9,912 shares of the oil and gas company’s stock worth $67,000 after buying an additional 7,127 shares during the period. Apollon Wealth Management LLC acquired a new position in Sasol in the 4th quarter worth approximately $46,000. Essential Planning LLC. acquired a new position in Sasol in the 4th quarter worth approximately $46,000. Finally, Sivia Capital Partners LLC purchased a new stake in Sasol in the fourth quarter valued at $49,000. 1.21% of the stock is owned by hedge funds and other institutional investors.

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.