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

Sasol Limited (NYSE:SSL) shares gapped up prior to trading 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 trading hands.

Analysts Set New Price Targets

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

Sasol Stock Up 13.6 %

The firm has a market cap of $3.26 billion, a PE ratio of 2.23, a price-to-earnings-growth ratio of 0.13 and a beta of 2.34. The company has a 50-day simple moving average of $5.08 and a 200-day simple moving average of $6.47. The company has a debt-to-equity ratio of 0.89, a current ratio of 2.33 and a quick ratio of 1.58.

Hedge Funds Weigh In On Sasol

Several hedge funds have recently bought and sold shares of the business. American Century Companies Inc. boosted its stake in shares of Sasol by 7.1% during the second quarter. American Century Companies Inc. now owns 542,205 shares of the oil and gas company’s stock valued at $4,126,000 after purchasing an additional 35,818 shares during the period. Vanguard Personalized Indexing Management LLC lifted its holdings in Sasol by 33.2% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 23,662 shares of the oil and gas company’s stock valued at $180,000 after buying an additional 5,898 shares in the last quarter. XTX Topco Ltd purchased a new stake in Sasol in the 2nd quarter valued at about $110,000. Cubist Systematic Strategies LLC grew its stake in 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 acquiring an additional 63,073 shares in the last quarter. Finally, Creative Planning increased its position in shares of Sasol by 61.4% during the second quarter. Creative Planning now owns 118,941 shares of the oil and gas company’s stock worth $905,000 after acquiring an additional 45,243 shares during the period. 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.