Sasol (NYSE:SSL) Reaches New 12-Month Low – What’s Next?

Sasol Limited (NYSE:SSL) reached a new 52-week low during trading on Tuesday . The stock traded as low as $4.38 and last traded at $4.48, with a volume of 789586 shares changing hands. The stock had previously closed at $4.66.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of Sasol from a “hold” rating to a “buy” rating in a research note on Monday, December 30th.

Sasol Trading Down 1.1 %

The firm has a fifty day moving average of $5.11 and a 200-day moving average of $6.48. The stock has a market capitalization of $2.87 billion, a price-to-earnings ratio of 1.96, a P/E/G ratio of 0.13 and a beta of 2.34. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.58 and a current ratio of 2.33.

Institutional Trading of Sasol

A number of hedge funds have recently made changes to their positions in the company. American Century Companies Inc. boosted its holdings in Sasol by 7.1% in the second quarter. American Century Companies Inc. now owns 542,205 shares of the oil and gas company’s stock valued at $4,126,000 after purchasing an additional 35,818 shares during the last quarter. Point72 Asset Management L.P. raised 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 valued at $2,006,000 after purchasing an additional 224,900 shares in the last quarter. Creative Planning boosted its stake in shares of Sasol by 21.8% during the 3rd quarter. Creative Planning now owns 144,902 shares of the oil and gas company’s stock valued at $980,000 after buying an additional 25,961 shares during the last quarter. Public Employees Retirement System of Ohio acquired a new stake in shares of Sasol during the third quarter worth approximately $670,000. Finally, Cerity Partners LLC increased its stake in shares of Sasol by 173.2% in the third quarter. Cerity Partners LLC now owns 63,417 shares of the oil and gas company’s stock worth $429,000 after buying an additional 40,206 shares during the last quarter. Hedge funds and other 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.