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

Shares of Sasol Limited (NYSE:SSL) gapped up before the market opened on Monday . The stock had previously closed at $4.20, but opened at $4.39. Sasol shares last traded at $4.41, with a volume of 360,566 shares traded.

Analyst Ratings Changes

Several brokerages have recently weighed in on SSL. Bank of America cut shares of Sasol from a “buy” rating to a “neutral” rating in a research note on Thursday, February 6th. StockNews.com lowered Sasol from a “buy” rating to a “hold” rating in a research report on Thursday, February 6th.

Sasol Stock Up 5.6 %

The business’s 50 day simple moving average is $4.81 and its 200 day simple moving average is $6.02. The company has a debt-to-equity ratio of 0.89, a current ratio of 2.33 and a quick ratio of 1.58.

Institutional Investors Weigh In On Sasol

A number of large investors have recently added to or reduced their stakes in SSL. Barclays PLC increased its holdings in shares of Sasol by 255.9% in the third quarter. Barclays PLC now owns 9,912 shares of the oil and gas company’s stock valued at $67,000 after purchasing an additional 7,127 shares during the last quarter. Point72 Asset Management L.P. boosted its holdings in shares of Sasol by 312.8% during the third quarter. Point72 Asset Management L.P. now owns 296,800 shares of the oil and gas company’s stock worth $2,006,000 after acquiring an additional 224,900 shares during the period. Blue Trust Inc. increased its stake in shares of Sasol by 80.4% during the fourth quarter. Blue Trust Inc. now owns 21,456 shares of the oil and gas company’s stock worth $98,000 after purchasing an additional 9,564 shares during the period. XTX Topco Ltd grew its holdings in Sasol by 184.7% in the 3rd quarter. XTX Topco Ltd now owns 41,285 shares of the oil and gas company’s stock valued at $279,000 after buying an additional 26,785 shares in the last quarter. Finally, Jane Street Group LLC bought a new position in Sasol during the 3rd quarter worth $75,000. 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.