Sasol (NYSE:SSL) Shares Gap Down – Here’s What Happened

Sasol Ltd. (NYSE:SSL)’s stock price gapped down before the market opened on Thursday . The stock had previously closed at $6.40, but opened at $6.21. Sasol shares last traded at $6.1950, with a volume of 212,698 shares trading hands.

Wall Street Analysts Forecast Growth

SSL has been the topic of a number of recent research reports. Weiss Ratings reissued a “sell (d+)” rating on shares of Sasol in a report on Wednesday, October 8th. Wall Street Zen downgraded shares of Sasol from a “strong-buy” rating to a “buy” rating in a report on Saturday, November 15th. Zacks Research lowered shares of Sasol from a “hold” rating to a “strong sell” rating in a research report on Tuesday, November 25th. Finally, Morgan Stanley cut shares of Sasol from an “overweight” rating to an “equal weight” rating in a research note on Monday, September 22nd. Two equities research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, Sasol presently has a consensus rating of “Reduce”.

Sasol Trading Down 2.5%

The company has a debt-to-equity ratio of 0.66, a current ratio of 1.87 and a quick ratio of 1.27. The business’s 50 day moving average is $6.32 and its two-hundred day moving average is $5.78.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. XTX Topco Ltd raised its position in Sasol by 549.7% during the first quarter. XTX Topco Ltd now owns 101,974 shares of the oil and gas company’s stock valued at $431,000 after purchasing an additional 86,279 shares in the last quarter. US Bancorp DE increased its position in shares of Sasol by 27.5% during the 1st quarter. US Bancorp DE now owns 20,604 shares of the oil and gas company’s stock valued at $87,000 after purchasing an additional 4,442 shares during the last quarter. Aigen Investment Management LP purchased a new position in shares of Sasol during the 1st quarter valued at about $94,000. American Century Companies Inc. lifted its position in Sasol by 7.6% in the 1st quarter. American Century Companies Inc. now owns 709,675 shares of the oil and gas company’s stock worth $3,002,000 after buying an additional 50,412 shares during the last quarter. Finally, Walleye Capital LLC lifted its position in Sasol by 17.4% in the 1st quarter. Walleye Capital LLC now owns 58,116 shares of the oil and gas company’s stock worth $246,000 after buying an additional 8,616 shares during the last quarter. 1.21% of the stock is currently 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.