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

Sasol Limited (NYSE:SSL)’s stock price gapped up before the market opened on Friday . The stock had previously closed at $4.98, but opened at $5.50. Sasol shares last traded at $5.52, with a volume of 555,419 shares.

Analyst Ratings Changes

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

Sasol Stock Performance

The company has a debt-to-equity ratio of 0.89, a current ratio of 2.33 and a quick ratio of 1.58. The firm’s 50 day simple moving average is $4.99 and its 200-day simple moving average is $6.37.

Hedge Funds Weigh In On Sasol

Institutional investors and hedge funds have recently made changes to their positions in the stock. Point72 Asset Management L.P. grew its stake in Sasol by 312.8% in 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 acquiring an additional 224,900 shares during the last quarter. Public Employees Retirement System of Ohio acquired a new stake in shares of Sasol in the third quarter worth approximately $670,000. Cubist Systematic Strategies LLC lifted its position in 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 buying an additional 63,073 shares in the last quarter. Creative Planning lifted its position in Sasol by 61.4% during the second quarter. Creative Planning now owns 118,941 shares of the oil and gas company’s stock valued at $905,000 after buying an additional 45,243 shares in the last quarter. Finally, Cerity Partners LLC lifted its position in Sasol by 173.2% during the third quarter. Cerity Partners LLC now owns 63,417 shares of the oil and gas company’s stock valued at $429,000 after buying an additional 40,206 shares in the last quarter. 1.21% of the stock is owned by institutional investors and hedge funds.

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.