Sasol (NYSE:SSL) Shares Gap Up – Should You Buy?

Sasol Limited (NYSE:SSL)’s share price gapped up prior to trading on Friday . The stock had previously closed at $4.98, but opened at $5.50. Sasol shares last traded at $5.52, with a volume of 555,419 shares changing hands.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of Sasol from a “hold” rating to a “buy” rating in a research report on Monday, December 30th.

Sasol Stock Performance

The company has a 50-day moving average of $5.02 and a 200-day moving average of $6.39. The company has a debt-to-equity ratio of 0.89, a current ratio of 2.33 and a quick ratio of 1.58.

Hedge Funds Weigh In On Sasol

A number of large investors have recently bought and sold shares of the company. Barclays PLC lifted its position in Sasol by 255.9% in the third quarter. Barclays PLC now owns 9,912 shares of the oil and gas company’s stock valued at $67,000 after purchasing an additional 7,127 shares during the period. Point72 Asset Management L.P. increased its holdings in shares of Sasol by 312.8% in the 3rd quarter. Point72 Asset Management L.P. now owns 296,800 shares of the oil and gas company’s stock valued at $2,006,000 after purchasing an additional 224,900 shares in the last quarter. XTX Topco Ltd lifted its stake in shares of Sasol by 184.7% in the third quarter. XTX Topco Ltd now owns 41,285 shares of the oil and gas company’s stock valued at $279,000 after purchasing an additional 26,785 shares during the period. Jane Street Group LLC acquired a new position in Sasol during the third quarter worth about $75,000. Finally, Private Advisor Group LLC purchased a new position in Sasol in the third quarter valued at about $94,000. Hedge funds and other institutional investors 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.