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

Sasol Limited (NYSE:SSL)’s stock price gapped up before the market opened on Monday . The stock had previously closed at $5.72, but opened at $5.97. Sasol shares last traded at $6.04, with a volume of 143,993 shares.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised Sasol from a “hold” rating to a “buy” rating in a report on Thursday, August 29th.

Sasol Stock Performance

The stock has a market cap of $3.91 billion, a price-to-earnings ratio of 2.58, a PEG ratio of 0.14 and a beta of 2.41. The firm’s 50-day moving average price is $6.85 and its two-hundred day moving average price is $7.16. 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 Investors Weigh In On Sasol

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SSL. Mather Group LLC. purchased a new stake in Sasol in the 2nd quarter valued at about $28,000. Blue Trust Inc. boosted its position in shares of Sasol by 247.6% during the 2nd quarter. Blue Trust Inc. now owns 4,849 shares of the oil and gas company’s stock worth $38,000 after purchasing an additional 3,454 shares during the period. CWM LLC raised its position in Sasol by 62.7% in the second quarter. CWM LLC now owns 5,417 shares of the oil and gas company’s stock valued at $41,000 after purchasing an additional 2,087 shares during the period. EverSource Wealth Advisors LLC boosted its position in shares of Sasol by 3,112.4% during the first quarter. EverSource Wealth Advisors LLC now owns 6,714 shares of the oil and gas company’s stock worth $52,000 after buying an additional 6,505 shares during the period. Finally, Atomi Financial Group Inc. acquired a new position in Sasol in the 3rd quarter valued at about $78,000. Institutional investors and hedge funds 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.