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

Sasol Limited (NYSE:SSL)’s share price gapped up before the market opened on Friday . The stock had previously closed at $4.98, but opened at $5.50. Sasol shares last traded at $5.52, with a volume of 555,419 shares.

Analyst Ratings Changes

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

Sasol Trading Up 8.9 %

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 business has a 50 day simple moving average of $5.02 and a 200-day simple moving average of $6.39.

Institutional Investors Weigh In On Sasol

Several hedge funds have recently modified their holdings of SSL. Barclays PLC raised its stake in shares of Sasol by 255.9% in the 3rd quarter. Barclays PLC now owns 9,912 shares of the oil and gas company’s stock valued at $67,000 after acquiring an additional 7,127 shares during the period. Sivia Capital Partners LLC bought a new stake in Sasol during the fourth quarter valued at $49,000. Jane Street Group LLC acquired a new stake in shares of Sasol during the third quarter worth $75,000. Atomi Financial Group Inc. bought a new position in shares of Sasol in the 3rd quarter worth about $78,000. Finally, Blue Trust Inc. boosted its holdings in shares of Sasol by 145.2% in the 3rd quarter. Blue Trust Inc. now owns 11,892 shares of the oil and gas company’s stock valued at $80,000 after buying an additional 7,043 shares during the period. 1.21% of the stock is owned by institutional investors and hedge funds.

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.