Sasol (NYSE:SSL) Shares Gap Up – Here’s What Happened

Sasol Limited (NYSE:SSL)’s stock price gapped up prior to trading on Friday . The stock had previously closed at $4.10, but opened at $4.25. Sasol shares last traded at $4.20, with a volume of 203,763 shares traded.

Analysts Set New Price Targets

Several brokerages recently issued reports on SSL. Bank of America lowered shares of Sasol from a “buy” rating to a “neutral” rating in a research note on Thursday, February 6th. StockNews.com downgraded shares of Sasol from a “buy” rating to a “hold” rating in a research note on Sunday.

Sasol Trading Up 0.6 %

The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.58 and a current ratio of 2.33. The stock has a 50-day moving average of $4.48 and a two-hundred day moving average of $5.28. The company has a market cap of $2.67 billion, a P/E ratio of 1.82, a price-to-earnings-growth ratio of 0.17 and a beta of 2.31.

Hedge Funds Weigh In On Sasol

Several institutional investors and hedge funds have recently modified their holdings of the stock. Pinnacle Wealth Planning Services Inc. increased its stake in Sasol by 97.4% during the 4th quarter. Pinnacle Wealth Planning Services Inc. now owns 33,358 shares of the oil and gas company’s stock valued at $152,000 after purchasing an additional 16,462 shares in the last quarter. Vident Advisory LLC grew its holdings in shares of Sasol by 11.2% during the fourth quarter. Vident Advisory LLC now owns 40,690 shares of the oil and gas company’s stock valued at $186,000 after buying an additional 4,108 shares during the last quarter. Two Sigma Advisers LP grew its holdings in shares of Sasol by 108.8% during the fourth quarter. Two Sigma Advisers LP now owns 610,200 shares of the oil and gas company’s stock valued at $2,783,000 after buying an additional 317,900 shares during the last quarter. Two Sigma Investments LP increased its position in shares of Sasol by 100.7% during the fourth quarter. Two Sigma Investments LP now owns 1,054,238 shares of the oil and gas company’s stock valued at $4,807,000 after acquiring an additional 528,860 shares in the last quarter. Finally, Point72 Asset Management L.P. raised its holdings in Sasol by 45.9% in the 4th quarter. Point72 Asset Management L.P. now owns 433,100 shares of the oil and gas company’s stock worth $1,975,000 after acquiring an additional 136,300 shares during the last quarter. 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.