Sasol (NYSE:SSL) Hits New 12-Month Low – What’s Next?

Shares of Sasol Limited (NYSE:SSL) hit a new 52-week low during trading on Tuesday . The stock traded as low as $4.06 and last traded at $4.05, with a volume of 410438 shares. The stock had previously closed at $4.22.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on SSL shares. Bank of America cut Sasol from a “buy” rating to a “neutral” rating in a report on Thursday, February 6th. StockNews.com downgraded shares of Sasol from a “buy” rating to a “hold” rating in a research note on Thursday, February 6th.

Sasol Stock Performance

The stock has a market cap of $2.64 billion, a price-to-earnings ratio of 1.79, a P/E/G ratio of 0.17 and a beta of 2.31. The company has a current ratio of 2.33, a quick ratio of 1.58 and a debt-to-equity ratio of 0.89. The firm has a fifty day simple moving average of $4.68 and a 200-day simple moving average of $5.72.

Hedge Funds Weigh In On Sasol

Several large investors have recently made changes to their positions in SSL. Two Sigma Investments LP raised its holdings in Sasol by 100.7% during the 4th quarter. Two Sigma Investments LP now owns 1,054,238 shares of the oil and gas company’s stock worth $4,807,000 after purchasing an additional 528,860 shares during the last quarter. Millennium Management LLC grew its position in shares of Sasol by 2,401.8% during the 4th quarter. Millennium Management LLC now owns 825,444 shares of the oil and gas company’s stock worth $3,764,000 after buying an additional 792,450 shares during the period. Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of Sasol by 9.5% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 792,140 shares of the oil and gas company’s stock worth $3,612,000 after buying an additional 68,978 shares during the last quarter. Renaissance Technologies LLC boosted its stake in Sasol by 119.0% in the fourth quarter. Renaissance Technologies LLC now owns 670,011 shares of the oil and gas company’s stock valued at $3,055,000 after acquiring an additional 364,111 shares during the last quarter. Finally, American Century Companies Inc. grew its holdings in Sasol by 6.1% during the 4th quarter. American Century Companies Inc. now owns 659,263 shares of the oil and gas company’s stock worth $3,006,000 after acquiring an additional 38,029 shares during the period. 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.