Sasol (NYSE:SSL) Shares Gap Down to $7.19

Shares of Sasol Limited (NYSE:SSL) gapped down before the market opened on Friday . The stock had previously closed at $7.19, but opened at $6.91. Sasol shares last traded at $6.86, with a volume of 74,097 shares.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded Sasol from a “hold” rating to a “buy” rating in a report on Thursday, August 29th.

Sasol Price Performance

The stock has a fifty day simple moving average of $7.44 and a 200-day simple moving average of $7.46. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.58 and a current ratio of 2.33.

Hedge Funds Weigh In On Sasol

A number of large investors have recently modified their holdings of the business. American Century Companies Inc. boosted its stake in shares of Sasol by 7.1% during the 2nd quarter. American Century Companies Inc. now owns 542,205 shares of the oil and gas company’s stock worth $4,126,000 after buying an additional 35,818 shares during the last quarter. Pzena Investment Management LLC boosted its stake in shares of Sasol by 53.0% during the 1st quarter. Pzena Investment Management LLC now owns 352,561 shares of the oil and gas company’s stock worth $2,754,000 after buying an additional 122,108 shares during the last quarter. Creative Planning boosted its stake in shares of Sasol by 61.4% during the 2nd quarter. Creative Planning now owns 118,941 shares of the oil and gas company’s stock worth $905,000 after buying an additional 45,243 shares during the last quarter. O Shaughnessy Asset Management LLC boosted its stake in shares of Sasol by 2.5% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 78,516 shares of the oil and gas company’s stock worth $613,000 after buying an additional 1,900 shares during the last quarter. Finally, Point72 Asset Management L.P. boosted its stake in shares of Sasol by 417.3% during the 2nd quarter. Point72 Asset Management L.P. now owns 71,900 shares of the oil and gas company’s stock worth $547,000 after buying an additional 58,000 shares during the last quarter. 1.21% of the stock is currently owned by institutional investors and hedge funds.

About Sasol

Sasol Limited operates as an integrated chemical and energy company in South Africa. It offers alumina, such as battery materials, catalyst supports, abrasives and polishing, and polymer additives; cobalt fischer-tropsch; carbon-based products; recarburiser; graphite electrodes; mono-ethylene glycol, ethylene, propylene, sasfroth blends, sodium cyanide, caustic soda, hydrochloric acid, sulfuric acid, calcium chloride, chlorine, alcohols, aromatic blends, methyl alcohol, polyethylene, polypropylene, polyvinyl chloride, cresols, xylenols, phenols, limestone ammonium nitrate, ammonium nitrate solution, and nitric acid.