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

Sasol Limited (NYSE:SSL)’s share price gapped up before the market opened on Friday . The stock had previously closed at $4.42, but opened at $5.02. Sasol shares last traded at $5.03, with a volume of 694,497 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of Sasol from a “hold” rating to a “buy” rating in a research report on Monday, December 30th.

Sasol Stock Performance

The stock has a market cap of $3.29 billion, a P/E ratio of 2.25, a PEG ratio of 0.13 and a beta of 2.34. The company has a debt-to-equity ratio of 0.89, a current ratio of 2.33 and a quick ratio of 1.58. The company has a fifty day moving average of $5.07 and a 200 day moving average of $6.44.

Institutional Trading of Sasol

Hedge funds and other institutional investors have recently modified their holdings of the company. Point72 Asset Management L.P. boosted its stake in 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 valued at $2,006,000 after buying an additional 224,900 shares in the last quarter. Public Employees Retirement System of Ohio bought a new position in shares of Sasol during the 3rd quarter valued at about $670,000. Cubist Systematic Strategies LLC grew its stake in shares of Sasol by 81,913.0% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 63,150 shares of the oil and gas company’s stock worth $481,000 after purchasing an additional 63,073 shares during the last quarter. Creative Planning raised its holdings in shares of Sasol by 61.4% in the 2nd quarter. Creative Planning now owns 118,941 shares of the oil and gas company’s stock worth $905,000 after purchasing an additional 45,243 shares in the last quarter. Finally, Cerity Partners LLC lifted its stake in Sasol by 173.2% during the third quarter. Cerity Partners LLC now owns 63,417 shares of the oil and gas company’s stock valued at $429,000 after purchasing an additional 40,206 shares during the last quarter. 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.