Sasol (NYSE:SSL) Stock Price Down 4.1% – What’s Next?

Sasol Limited (NYSE:SSL) fell 4.1% on Tuesday . The stock traded as low as $5.20 and last traded at $5.21. 105,316 shares traded hands during mid-day 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 Sasol from a “hold” rating to a “buy” rating in a report on Thursday, August 29th.

Sasol Stock Down 3.9 %

The company has a quick ratio of 1.58, a current ratio of 2.33 and a debt-to-equity ratio of 0.89. The stock has a 50 day moving average price of $6.42 and a two-hundred day moving average price of $7.03.

Institutional Trading of Sasol

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Virtu Financial LLC acquired a new stake in shares of Sasol in the first quarter valued at approximately $199,000. O Shaughnessy Asset Management LLC raised its stake in shares of Sasol by 2.5% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 78,516 shares of the oil and gas company’s stock valued at $613,000 after acquiring an additional 1,900 shares during the period. Tidal Investments LLC purchased a new stake in Sasol during the 1st quarter worth $270,000. CWM LLC raised its holdings in Sasol by 62.7% in the second quarter. CWM LLC now owns 5,417 shares of the oil and gas company’s stock valued at $41,000 after acquiring an additional 2,087 shares in the last quarter. Finally, Lazard Asset Management LLC acquired a new position in Sasol in the first quarter worth about $275,000. 1.21% of the stock is owned by hedge funds and other institutional investors.

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.