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

Sasol Limited (NYSE:SSL) gapped up before the market opened on Monday . The stock had previously closed at $4.64, but opened at $4.85. Sasol shares last traded at $4.75, with a volume of 329,658 shares.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on SSL shares. Bank of America lowered Sasol from a “buy” rating to a “neutral” rating in a research report on Thursday, February 6th. StockNews.com lowered shares of Sasol from a “buy” rating to a “hold” rating in a report on Thursday, February 6th.

Sasol Price Performance

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 business has a 50 day moving average price of $4.70 and a 200-day moving average price of $5.83. The company has a market capitalization of $3.12 billion, a price-to-earnings ratio of 2.12, a P/E/G ratio of 0.17 and a beta of 2.31.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. ABC Arbitrage SA bought a new stake in Sasol during the 4th quarter valued at $730,000. Barclays PLC lifted its position in shares of Sasol by 255.9% during the 3rd quarter. Barclays PLC now owns 9,912 shares of the oil and gas company’s stock valued at $67,000 after buying an additional 7,127 shares during the last quarter. Point72 Asset Management L.P. lifted its stake in shares of Sasol by 312.8% during 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 buying an additional 224,900 shares in the last quarter. Blue Trust Inc. boosted its holdings in Sasol by 80.4% in the 4th quarter. Blue Trust Inc. now owns 21,456 shares of the oil and gas company’s stock worth $98,000 after buying an additional 9,564 shares during the period. Finally, Jane Street Group LLC purchased a new stake in shares of Sasol during the third quarter worth $75,000. Institutional investors and hedge funds own 1.21% of the company’s stock.

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.