Sasol (NYSE:SSL) Trading 3.3% Higher – Still a Buy?

Sasol Limited (NYSE:SSL)’s share price shot up 3.3% during trading on Monday . The stock traded as high as $4.24 and last traded at $4.27. 471,169 shares were traded during mid-day trading, a decline of 44% from the average session volume of 838,657 shares. The stock had previously closed at $4.13.

Wall Street Analysts Forecast Growth

SSL has been the topic of several research analyst reports. 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 downgraded Sasol from a “buy” rating to a “hold” rating in a research report on Sunday.

Sasol Stock Performance

The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.58 and a current ratio of 2.33. The company has a market cap of $2.75 billion, a price-to-earnings ratio of 1.87, a PEG ratio of 0.17 and a beta of 2.31. The firm’s 50-day moving average price is $4.48 and its 200 day moving average price is $5.27.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Lindbrook Capital LLC increased its holdings in Sasol by 76.8% in the fourth quarter. Lindbrook Capital LLC now owns 7,194 shares of the oil and gas company’s stock valued at $33,000 after purchasing an additional 3,125 shares during the last quarter. Barclays PLC raised its position in shares of Sasol by 255.9% in the 3rd quarter. Barclays PLC now owns 9,912 shares of the oil and gas company’s stock valued at $67,000 after acquiring an additional 7,127 shares during the period. Apollon Wealth Management LLC bought a new position in Sasol during the 4th quarter worth approximately $46,000. Essential Planning LLC. bought a new position in Sasol during the 4th quarter worth approximately $46,000. Finally, Sivia Capital Partners LLC acquired a new position in Sasol during the fourth quarter valued at approximately $49,000. Institutional investors and hedge funds own 1.21% of the company’s stock.

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.