Shares of Sasol Ltd. (NYSE:SSL) gapped up before the market opened on Monday . The stock had previously closed at $26.08, but opened at $26.55. Sasol shares last traded at $27.30, with a volume of 181,449 shares.

Several analysts have recently issued reports on SSL shares. Zacks Investment Research upgraded Sasol from a “hold” rating to a “buy” rating and set a $33.00 price target for the company in a research note on Friday, March 25th. Morgan Stanley downgraded Sasol from an “overweight” rating to an “equal weight” rating in a research note on Tuesday, April 5th. Three analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company. Sasol presently has an average rating of “Buy” and a consensus price target of $35.00.

The firm’s 50 day moving average is $28.08 and its 200 day moving average is $28.20. The firm has a market capitalization of $77.14 million and a PE ratio of 14.18.

Several large investors have bought and sold shares of the company. Dimensional Fund Advisors LP raised its stake in Sasol by 10.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 5,635,295 shares of the company’s stock worth $151,129,000 after buying an additional 533,466 shares in the last quarter. WBI Investments Inc. acquired a new stake in Sasol during the fourth quarter worth $5,639,000. Sei Investments Co. raised its stake in Sasol by 14.1% in the fourth quarter. Sei Investments Co. now owns 148,217 shares of the company’s stock worth $3,975,000 after buying an additional 18,360 shares in the last quarter. Finally, Oxford Asset Management raised its stake in Sasol by 17.0% in the fourth quarter. Oxford Asset Management now owns 65,387 shares of the company’s stock worth $1,746,000 after buying an additional 9,478 shares in the last quarter.

Sasol Limited (Sasol) is a holding company. The Company is an integrated energy and chemicals company that develops and commercializes technologies, builds and operates facilities to produce a range of product streams, including liquid fuels, high-value chemicals and low-carbon electricity. The Company operates through six segments: Mining, Exploration and Production International, Energy, Base Chemicals, Performance Chemicals and Other.

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