Sasol (NYSE:SSL) Sets New 52-Week High – What’s Next?

Sasol Ltd. (NYSE:SSL) reached a new 52-week high during mid-day trading on Monday . The company traded as high as $7.29 and last traded at $7.2750, with a volume of 98935 shares trading hands. The stock had previously closed at $7.05.

Wall Street Analyst Weigh In

A number of brokerages recently commented on SSL. Wall Street Zen downgraded shares of Sasol from a “strong-buy” rating to a “buy” rating in a research note on Saturday. Morgan Stanley cut Sasol from an “overweight” rating to an “equal weight” rating in a research report on Monday, September 22nd. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Sasol in a research report on Wednesday, October 8th. Two research analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Reduce”.

Sasol Price Performance

The company has a quick ratio of 1.27, a current ratio of 1.87 and a debt-to-equity ratio of 0.66. The company’s 50 day simple moving average is $6.35 and its two-hundred day simple moving average is $5.50.

Institutional Trading of Sasol

Institutional investors have recently made changes to their positions in the business. Cerity Partners LLC increased its position in Sasol by 102.7% during the 1st quarter. Cerity Partners LLC now owns 57,362 shares of the oil and gas company’s stock valued at $243,000 after buying an additional 29,063 shares in the last quarter. Private Advisor Group LLC grew its stake in shares of Sasol by 128.8% during the first quarter. Private Advisor Group LLC now owns 23,854 shares of the oil and gas company’s stock worth $101,000 after acquiring an additional 13,428 shares during the last quarter. XTX Topco Ltd increased its holdings in shares of Sasol by 549.7% during the first quarter. XTX Topco Ltd now owns 101,974 shares of the oil and gas company’s stock valued at $431,000 after acquiring an additional 86,279 shares in the last quarter. US Bancorp DE increased its holdings in shares of Sasol by 27.5% during the first quarter. US Bancorp DE now owns 20,604 shares of the oil and gas company’s stock valued at $87,000 after acquiring an additional 4,442 shares in the last quarter. Finally, Aigen Investment Management LP purchased a new position in shares of Sasol in the 1st quarter valued at approximately $94,000. 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.