Sasol (NYSE:SSL) Stock Price Down 4.6% – What’s Next?

Sasol Limited (NYSE:SSL) fell 4.6% during trading on Thursday . The company traded as low as $4.76 and last traded at $4.73. 345,033 shares traded hands during mid-day trading, a decline of 74% from the average session volume of 1,322,753 shares. The stock had previously closed at $4.96.

Wall Street Analysts Forecast Growth

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

Sasol Price Performance

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 company has a fifty day simple moving average of $4.96 and a two-hundred day simple moving average of $6.27.

Institutional Investors Weigh In On Sasol

A number of hedge funds have recently modified their holdings of the business. Point72 Asset Management L.P. raised its stake in shares of Sasol by 312.8% during the 3rd quarter. Point72 Asset Management L.P. now owns 296,800 shares of the oil and gas company’s stock worth $2,006,000 after purchasing an additional 224,900 shares in the last quarter. Public Employees Retirement System of Ohio bought a new stake in shares of Sasol in the third quarter valued at approximately $670,000. Cubist Systematic Strategies LLC grew its holdings in shares of Sasol by 81,913.0% during 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 in the last quarter. Creative Planning boosted its position in shares of Sasol by 61.4% during the 2nd 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 in the last quarter. Finally, Cerity Partners LLC increased its stake in shares of Sasol by 173.2% in the 3rd 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 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.