Sasol (NYSE:SSL) Sees Large Volume Increase – Here’s What Happened

Shares of Sasol Limited (NYSE:SSL) saw unusually-strong trading volume on Wednesday . Approximately 568,845 shares were traded during 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.

Wall Street Analyst Weigh In

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

Sasol Price Performance

The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.58 and a current ratio of 2.33. The business has a 50-day simple moving average of $5.13 and a 200 day simple moving average of $6.50. The firm has a market cap of $2.89 billion, a P/E ratio of 1.98, a price-to-earnings-growth ratio of 0.13 and a beta of 2.34.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Point72 Asset Management L.P. boosted 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 valued at $2,006,000 after purchasing an additional 224,900 shares in the last quarter. XTX Topco Ltd grew its holdings in shares of Sasol by 184.7% during the 3rd quarter. XTX Topco Ltd now owns 41,285 shares of the oil and gas company’s stock worth $279,000 after acquiring an additional 26,785 shares during the period. Private Advisor Group LLC bought a new position in shares of Sasol in the 3rd quarter worth approximately $94,000. Blue Trust Inc. lifted its stake in shares of Sasol by 145.2% in the 3rd quarter. Blue Trust Inc. now owns 11,892 shares of the oil and gas company’s stock valued at $80,000 after purchasing an additional 7,043 shares during the period. Finally, Cubist Systematic Strategies LLC boosted its position in shares of Sasol by 81,913.0% during the second quarter. Cubist Systematic Strategies LLC now owns 63,150 shares of the oil and gas company’s stock valued at $481,000 after purchasing an additional 63,073 shares in the last quarter. 1.21% of the stock is currently owned by institutional investors.

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.