Sasol (NYSE:SSL) Shares Gap Down – Should You Sell?

Sasol Ltd. (NYSE:SSL)’s stock price gapped down prior to trading on Friday . The stock had previously closed at $5.87, but opened at $5.51. Sasol shares last traded at $5.46, with a volume of 465,859 shares.

Analysts Set New Price Targets

Several research firms recently weighed in on SSL. Weiss Ratings reiterated a “sell (d+)” rating on shares of Sasol in a research report on Wednesday, October 8th. Morgan Stanley cut Sasol from an “overweight” rating to an “equal weight” rating in a research report on Monday, September 22nd. Finally, Wall Street Zen upgraded Sasol from a “buy” rating to a “strong-buy” rating in a research note on Saturday, October 11th. Two equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Sasol currently has an average rating of “Reduce”.

Sasol Stock Performance

The firm has a market capitalization of $3.57 billion, a PE ratio of 2.42, a price-to-earnings-growth ratio of 0.29 and a beta of 0.78. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.27 and a current ratio of 1.87. The business’s fifty day simple moving average is $6.32 and its 200-day simple moving average is $5.06.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in SSL. American Century Companies Inc. boosted its stake in Sasol by 7.6% during the first quarter. American Century Companies Inc. now owns 709,675 shares of the oil and gas company’s stock valued at $3,002,000 after buying an additional 50,412 shares during the last quarter. Blue Trust Inc. boosted its position in shares of Sasol by 24.9% during the 1st quarter. Blue Trust Inc. now owns 17,229 shares of the oil and gas company’s stock valued at $73,000 after acquiring an additional 3,433 shares during the last quarter. XTX Topco Ltd boosted its position in shares of Sasol by 549.7% during the 1st quarter. XTX Topco Ltd now owns 101,974 shares of the oil and gas company’s stock valued at $431,000 after acquiring an additional 86,279 shares during the last quarter. Trexquant Investment LP grew its holdings in shares of Sasol by 368.2% in the first quarter. Trexquant Investment LP now owns 437,517 shares of the oil and gas company’s stock valued at $1,851,000 after purchasing an additional 344,066 shares in the last quarter. Finally, Cerity Partners LLC increased its position in Sasol by 102.7% in the first quarter. Cerity Partners LLC now owns 57,362 shares of the oil and gas company’s stock worth $243,000 after purchasing an additional 29,063 shares during the last quarter. Hedge funds and other institutional investors own 1.21% of the company’s stock.

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.