Sasol (NYSE:SSL) Sees Unusually-High Trading Volume – Here’s Why

Sasol Limited (NYSE:SSL) shares saw unusually-high trading volume on Wednesday . Approximately 568,845 shares were traded during mid-day trading, a decline of 45% from the previous session’s volume of 1,040,225 shares.The stock last traded at $4.31 and had previously closed at $4.47.

Analyst Upgrades and Downgrades

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

Sasol Stock Up 14.7 %

The stock’s 50-day moving average is $5.08 and its 200-day moving average is $6.47. The stock has a market cap of $3.29 billion, a P/E ratio of 2.25, a price-to-earnings-growth ratio of 0.13 and a beta of 2.34. The company has a current ratio of 2.33, a quick ratio of 1.58 and a debt-to-equity ratio of 0.89.

Hedge Funds Weigh In On Sasol

Several large investors have recently made changes to their positions in SSL. Barclays PLC lifted its position in shares of Sasol by 255.9% in the third quarter. Barclays PLC now owns 9,912 shares of the oil and gas company’s stock worth $67,000 after purchasing an additional 7,127 shares in the last quarter. Point72 Asset Management L.P. raised its position in Sasol by 312.8% during the third quarter. Point72 Asset Management L.P. now owns 296,800 shares of the oil and gas company’s stock valued at $2,006,000 after acquiring an additional 224,900 shares in the last quarter. XTX Topco Ltd raised its position in shares of Sasol by 184.7% in the third quarter. XTX Topco Ltd now owns 41,285 shares of the oil and gas company’s stock valued at $279,000 after purchasing an additional 26,785 shares during the period. Private Advisor Group LLC bought a new position in shares of Sasol in the third quarter valued at approximately $94,000. Finally, Blue Trust Inc. grew its stake in shares of Sasol by 145.2% in the third quarter. Blue Trust Inc. now owns 11,892 shares of the oil and gas company’s stock worth $80,000 after acquiring an additional 7,043 shares during the last quarter. Institutional investors 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.