Sasol (NYSE:SSL) Reaches New 52-Week High – What’s Next?

Sasol Ltd. (NYSE:SSL)’s stock price reached a new 52-week high on Tuesday . The company traded as high as $14.21 and last traded at $14.2750, with a volume of 30843 shares changing hands. The stock had previously closed at $13.87.

Analyst Ratings Changes

Several research firms recently issued reports on SSL. The Goldman Sachs Group cut shares of Sasol from a “buy” rating to a “neutral” rating in a report on Monday, February 9th. Weiss Ratings reissued a “sell (d+)” rating on shares of Sasol in a report on Monday, April 20th. JPMorgan Chase & Co. reissued an “underweight” rating on shares of Sasol in a report on Friday, January 16th. Wall Street Zen raised shares of Sasol from a “hold” rating to a “buy” rating in a report on Saturday, March 14th. Finally, UBS Group cut shares of Sasol from a “buy” rating to a “neutral” rating in a report on Thursday, March 5th. Four analysts have rated the stock with a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, Sasol presently has a consensus rating of “Reduce”.

Sasol Price Performance

The business has a 50-day moving average price of $11.56 and a two-hundred day moving average price of $8.40. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.66 and a quick ratio of 1.09.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. Sanctuary Advisors LLC purchased a new position in shares of Sasol in the first quarter valued at $1,231,000. Sigma Planning Corp purchased a new position in shares of Sasol in the first quarter valued at $160,000. ABC Arbitrage SA purchased a new position in shares of Sasol in the first quarter valued at $189,000. Sequoia Financial Advisors LLC increased its position in shares of Sasol by 34.5% in the first quarter. Sequoia Financial Advisors LLC now owns 35,340 shares of the oil and gas company’s stock valued at $458,000 after buying an additional 9,062 shares in the last quarter. Finally, Kathmere Capital Management LLC purchased a new position in shares of Sasol in the first quarter valued at $152,000. Hedge funds and other institutional investors own 1.21% of the company’s stock.

Sasol Company Profile

Sasol Limited is an integrated energy and chemical company headquartered in Johannesburg, South Africa. The company’s core operations encompass the conversion of natural gas, coal and heavy hydrocarbons into liquid fuels and a wide array of chemical products. Sasol leverages proprietary Fischer-Tropsch and gas-to-liquids (GTL) technologies to deliver cleaner-burning diesel, jet fuel and naphtha, alongside solvents, surfactants and specialty polymers for industrial and consumer applications.

In addition to its GTL business, Sasol operates downstream facilities for the manufacture of alpha olefins, ethylene, propylene and other base-chemical intermediates.