Sasol (NYSE:SSL) Shares Gap Up – Should You Buy?

Sasol Limited (NYSE:SSL) shares gapped up before the market opened on Friday . The stock had previously closed at $4.10, but opened at $4.25. Sasol shares last traded at $4.20, with a volume of 203,763 shares traded.

Wall Street Analyst Weigh In

Several analysts have recently commented on SSL shares. StockNews.com raised shares of Sasol from a “hold” rating to a “buy” rating in a report on Saturday, March 22nd. Bank of America lowered shares of Sasol from a “buy” rating to a “neutral” rating in a report on Thursday, February 6th.

Sasol Stock Performance

The stock has a market capitalization of $2.72 billion, a price-to-earnings ratio of 1.85, a price-to-earnings-growth ratio of 0.17 and a beta of 2.31. The firm has a fifty day moving average of $4.51 and a 200 day moving average of $5.32. The company has a debt-to-equity ratio of 0.89, a current ratio of 2.33 and a quick ratio of 1.58.

Institutional Investors Weigh In On Sasol

A number of hedge funds and other institutional investors have recently made changes to their positions in SSL. Lindbrook Capital LLC boosted its holdings in Sasol by 76.8% during the fourth quarter. Lindbrook Capital LLC now owns 7,194 shares of the oil and gas company’s stock worth $33,000 after buying an additional 3,125 shares in the last quarter. Apollon Wealth Management LLC purchased a new stake in shares of Sasol during the 4th quarter worth about $46,000. Essential Planning LLC. acquired a new stake in shares of Sasol during the 4th quarter valued at about $46,000. Sivia Capital Partners LLC acquired a new stake in shares of Sasol during the 4th quarter valued at about $49,000. Finally, HighTower Advisors LLC purchased a new position in shares of Sasol in the 4th quarter valued at about $49,000. 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.