Sasol (NYSE:SSL) Trading Up 3.3% – Should You Buy?

Sasol Limited (NYSE:SSL)’s share price shot up 3.3% during trading on Monday . The company traded as high as $4.24 and last traded at $4.27. 471,169 shares were traded during trading, a decline of 44% from the average session volume of 838,657 shares. The stock had previously closed at $4.13.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. StockNews.com lowered shares of Sasol from a “buy” rating to a “hold” rating in a report on Sunday. Bank of America downgraded shares of Sasol from a “buy” rating to a “neutral” rating in a research note on Thursday, February 6th.

Sasol Stock Performance

The firm has a market cap of $2.68 billion, a PE ratio of 1.82, a P/E/G ratio of 0.17 and a beta of 2.31. The stock has a 50-day moving average price of $4.44 and a 200 day moving average price of $5.24. The company has a debt-to-equity ratio of 0.89, a current ratio of 2.33 and a quick ratio of 1.58.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Millennium Management LLC grew its holdings in Sasol by 2,401.8% in the fourth quarter. Millennium Management LLC now owns 825,444 shares of the oil and gas company’s stock valued at $3,764,000 after purchasing an additional 792,450 shares during the period. Two Sigma Investments LP grew its stake in shares of Sasol by 100.7% during the 4th quarter. Two Sigma Investments LP now owns 1,054,238 shares of the oil and gas company’s stock valued at $4,807,000 after buying an additional 528,860 shares during the period. Generali Investments CEE investicni spolecnost a.s. acquired a new stake in shares of Sasol during the 4th quarter worth $1,674,000. Renaissance Technologies LLC raised its position in shares of Sasol by 119.0% in the 4th quarter. Renaissance Technologies LLC now owns 670,011 shares of the oil and gas company’s stock worth $3,055,000 after buying an additional 364,111 shares during the period. Finally, Two Sigma Advisers LP boosted its holdings in Sasol by 108.8% in the fourth quarter. Two Sigma Advisers LP now owns 610,200 shares of the oil and gas company’s stock valued at $2,783,000 after acquiring an additional 317,900 shares during the last quarter. Institutional investors and hedge funds 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.