Sasol (NYSE:SSL) Trading Down 4.1% – Here’s Why

Sasol Limited (NYSE:SSL) traded down 4.1% during mid-day trading on Tuesday . The company traded as low as $5.20 and last traded at $5.21. 105,316 shares were traded during trading, a decline of 85% from the average session volume of 699,888 shares. The stock had previously closed at $5.43.

Analysts Set New Price Targets

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

Sasol Stock Down 3.9 %

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 business’s fifty day moving average is $6.42 and its two-hundred day moving average is $7.03.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. American Century Companies Inc. raised its position in Sasol by 7.1% in the 2nd quarter. American Century Companies Inc. now owns 542,205 shares of the oil and gas company’s stock worth $4,126,000 after purchasing an additional 35,818 shares during the period. Point72 Asset Management L.P. boosted its stake in Sasol by 312.8% in the third 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 in the last quarter. Creative Planning raised its stake in Sasol by 21.8% in the 3rd quarter. Creative Planning now owns 144,902 shares of the oil and gas company’s stock worth $980,000 after acquiring an additional 25,961 shares during the last quarter. Public Employees Retirement System of Ohio purchased a new stake in Sasol in the third quarter valued at approximately $670,000. Finally, O Shaughnessy Asset Management LLC grew its position in 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 period. Institutional investors 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.