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

Sasol Limited (NYSE:SSL) shares gapped down before the market opened on Tuesday . The stock had previously closed at $5.26, but opened at $5.15. Sasol shares last traded at $5.11, with a volume of 278,510 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 Performance

The firm has a 50 day moving average price of $5.04 and a two-hundred day moving average price of $6.40. The company has a quick ratio of 1.58, a current ratio of 2.33 and a debt-to-equity ratio of 0.89.

Institutional Investors Weigh In On Sasol

Large investors have recently modified their holdings of the stock. Sivia Capital Partners LLC bought a new stake in shares of Sasol in the 4th quarter valued at approximately $49,000. Barclays PLC grew its position in Sasol by 255.9% during the 3rd quarter. Barclays PLC now owns 9,912 shares of the oil and gas company’s stock worth $67,000 after acquiring an additional 7,127 shares during the last quarter. Jane Street Group LLC bought a new stake in Sasol during the 3rd quarter worth approximately $75,000. Atomi Financial Group Inc. bought a new stake in Sasol during the 3rd quarter worth approximately $78,000. Finally, Blue Trust Inc. grew its position in Sasol by 145.2% during the 3rd quarter. Blue Trust Inc. now owns 11,892 shares of the oil and gas company’s stock worth $80,000 after acquiring an additional 7,043 shares during the last quarter. 1.21% of the stock is currently owned by institutional investors.

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.