Sasol (NYSE:SSL) Shares Gap Down – What’s Next?

Sasol Limited (NYSE:SSL) gapped down prior to trading on Thursday . The stock had previously closed at $4.14, but opened at $3.68. Sasol shares last traded at $3.69, with a volume of 605,082 shares trading hands.

Analyst Ratings Changes

Several brokerages recently issued reports on SSL. Bank of America cut Sasol from a “buy” rating to a “neutral” rating in a report on Thursday, February 6th. StockNews.com downgraded Sasol from a “buy” rating to a “hold” rating in a research note on Sunday.

Sasol Stock Down 11.6 %

The firm’s fifty day simple moving average is $4.42 and its 200-day simple moving average is $5.23. The company has a market cap of $2.37 billion, a PE ratio of 1.61, a P/E/G ratio of 0.17 and a beta of 2.31. The company has a quick ratio of 1.58, a current ratio of 2.33 and a debt-to-equity ratio of 0.89.

Institutional Investors Weigh In On Sasol

Large investors have recently bought and sold shares of the stock. Lindbrook Capital LLC lifted its position in shares of 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 acquiring an additional 3,125 shares in the last quarter. Quantinno Capital Management LP raised its stake in Sasol by 16.6% in the 3rd quarter. Quantinno Capital Management LP now owns 28,073 shares of the oil and gas company’s stock valued at $190,000 after purchasing an additional 4,000 shares during the last quarter. Vident Advisory LLC lifted its holdings in Sasol by 11.2% in the 4th quarter. Vident Advisory LLC now owns 40,690 shares of the oil and gas company’s stock valued at $186,000 after purchasing an additional 4,108 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in shares of Sasol by 29.5% during the 4th quarter. Ameriprise Financial Inc. now owns 22,028 shares of the oil and gas company’s stock worth $100,000 after purchasing an additional 5,021 shares during the last quarter. Finally, Ballentine Partners LLC grew its holdings in shares of Sasol by 26.1% during the fourth quarter. Ballentine Partners LLC now owns 24,353 shares of the oil and gas company’s stock worth $111,000 after buying an additional 5,045 shares in the last quarter. Institutional investors and hedge funds own 1.21% of the company’s stock.

About Sasol

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.