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

Sasol Limited (NYSE:SSL) gapped down prior to trading on Wednesday . The stock had previously closed at $4.59, but opened at $4.48. Sasol shares last traded at $4.47, with a volume of 331,376 shares changing hands.

Analysts Set New Price Targets

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

Sasol Stock Down 1.0 %

The company has a current ratio of 2.33, a quick ratio of 1.58 and a debt-to-equity ratio of 0.89. The business has a 50-day moving average price of $4.93 and a two-hundred day moving average price of $6.21.

Hedge Funds Weigh In On Sasol

A number of institutional investors and hedge funds have recently bought and sold shares of SSL. Vanguard Personalized Indexing Management LLC raised its holdings in Sasol by 33.2% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 23,662 shares of the oil and gas company’s stock worth $180,000 after purchasing an additional 5,898 shares during the last quarter. XTX Topco Ltd bought a new position in shares of Sasol in the 2nd quarter worth about $110,000. Cubist Systematic Strategies LLC grew its stake in Sasol by 81,913.0% during the second quarter. Cubist Systematic Strategies LLC now owns 63,150 shares of the oil and gas company’s stock worth $481,000 after purchasing an additional 63,073 shares during the period. Creative Planning increased its holdings in Sasol by 61.4% in the second quarter. Creative Planning now owns 118,941 shares of the oil and gas company’s stock worth $905,000 after purchasing an additional 45,243 shares in the last quarter. Finally, Point72 Asset Management L.P. lifted its stake in Sasol by 417.3% in the second quarter. Point72 Asset Management L.P. now owns 71,900 shares of the oil and gas company’s stock valued at $547,000 after buying an additional 58,000 shares during the period. 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.