Sasol (NYSE:SSL) Shares Gap Up – Time to Buy?

Sasol Limited (NYSE:SSL) gapped up before the market opened on Friday . The stock had previously closed at $4.42, but opened at $5.02. Sasol shares last traded at $5.03, with a volume of 694,497 shares changing hands.

Analysts Set New Price Targets

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

Sasol Stock Up 13.6 %

The business’s 50-day simple moving average is $5.08 and its 200 day simple moving average is $6.47. The firm has a market cap of $3.26 billion, a PE ratio of 2.23, a P/E/G ratio of 0.13 and a beta of 2.34. The company has a current ratio of 2.33, a quick ratio of 1.58 and a debt-to-equity ratio of 0.89.

Hedge Funds Weigh In On Sasol

Several institutional investors have recently bought and sold shares of SSL. American Century Companies Inc. grew its stake in Sasol by 7.1% in the second quarter. American Century Companies Inc. now owns 542,205 shares of the oil and gas company’s stock valued at $4,126,000 after purchasing an additional 35,818 shares during the last quarter. Point72 Asset Management L.P. raised 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 worth $2,006,000 after acquiring an additional 224,900 shares in the last quarter. Creative Planning lifted its position in Sasol by 21.8% during the third quarter. Creative Planning now owns 144,902 shares of the oil and gas company’s stock valued at $980,000 after acquiring an additional 25,961 shares during the last quarter. Public Employees Retirement System of Ohio acquired a new stake in Sasol in the third quarter valued at approximately $670,000. Finally, Cerity Partners LLC grew its holdings in Sasol by 173.2% in the third quarter. Cerity Partners LLC now owns 63,417 shares of the oil and gas company’s stock worth $429,000 after purchasing an additional 40,206 shares during the last quarter. 1.21% of the stock is owned by hedge funds and other 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.