Sasol (NYSE:SSL) Shares Gap Down to $7.06

Sasol Limited (NYSE:SSL) gapped down prior to trading on Thursday . The stock had previously closed at $7.06, but opened at $6.68. Sasol shares last traded at $6.67, with a volume of 454,976 shares traded.

Analyst Ratings Changes

Separately, StockNews.com raised shares of Sasol from a “hold” rating to a “buy” rating in a research report on Thursday, August 29th.

Sasol Stock 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 firm’s fifty day moving average price is $7.38 and its 200 day moving average price is $7.43.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of SSL. American Century Companies Inc. lifted its holdings in shares of Sasol by 7.1% during the 2nd quarter. American Century Companies Inc. now owns 542,205 shares of the oil and gas company’s stock valued at $4,126,000 after buying an additional 35,818 shares during the last quarter. Pzena Investment Management LLC lifted its stake in Sasol by 53.0% in the first quarter. Pzena Investment Management LLC now owns 352,561 shares of the oil and gas company’s stock valued at $2,754,000 after acquiring an additional 122,108 shares during the last quarter. Creative Planning grew its position in Sasol by 61.4% in the second quarter. Creative Planning now owns 118,941 shares of the oil and gas company’s stock worth $905,000 after acquiring an additional 45,243 shares in the last quarter. O Shaughnessy Asset Management LLC increased its stake in shares of Sasol by 2.5% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 78,516 shares of the oil and gas company’s stock worth $613,000 after purchasing an additional 1,900 shares during the last quarter. Finally, Point72 Asset Management L.P. raised its holdings in shares of Sasol by 417.3% during the 2nd quarter. Point72 Asset Management L.P. now owns 71,900 shares of the oil and gas company’s stock valued at $547,000 after purchasing an additional 58,000 shares in the last quarter. Hedge funds and other institutional investors own 1.21% of the company’s stock.

About Sasol

Sasol Limited operates as an integrated chemical and energy company in South Africa. It offers alumina, such as battery materials, catalyst supports, abrasives and polishing, and polymer additives; cobalt fischer-tropsch; carbon-based products; recarburiser; graphite electrodes; mono-ethylene glycol, ethylene, propylene, sasfroth blends, sodium cyanide, caustic soda, hydrochloric acid, sulfuric acid, calcium chloride, chlorine, alcohols, aromatic blends, methyl alcohol, polyethylene, polypropylene, polyvinyl chloride, cresols, xylenols, phenols, limestone ammonium nitrate, ammonium nitrate solution, and nitric acid.