Sasol (NYSE:SSL) Shares Gap Up – Still a Buy?

Sasol Limited (NYSE:SSL)’s share price gapped up prior to trading on Thursday . The stock had previously closed at $6.69, but opened at $6.88. Sasol shares last traded at $6.89, with a volume of 283,046 shares changing hands.

Wall Street Analyst Weigh In

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

Sasol Stock Down 1.3 %

The business’s 50-day moving average price is $7.22 and its two-hundred day moving average price is $7.39. 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

Institutional investors have recently added to or reduced their stakes in the business. CWM LLC boosted its stake in Sasol by 819.9% in the 1st quarter. CWM LLC now owns 3,330 shares of the oil and gas company’s stock worth $26,000 after buying an additional 2,968 shares during the last quarter. Mather Group LLC. purchased a new stake in Sasol in the second quarter valued at approximately $28,000. Blue Trust Inc. grew its holdings in Sasol by 247.6% in the second quarter. Blue Trust Inc. now owns 4,849 shares of the oil and gas company’s stock valued at $38,000 after purchasing an additional 3,454 shares during the period. EverSource Wealth Advisors LLC increased its position in Sasol by 3,112.4% during the first quarter. EverSource Wealth Advisors LLC now owns 6,714 shares of the oil and gas company’s stock worth $52,000 after purchasing an additional 6,505 shares during the last quarter. Finally, Atomi Financial Group Inc. acquired a new position in shares of Sasol in the 3rd quarter valued at $78,000. 1.21% of the stock is currently owned by institutional investors and hedge funds.

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.