Sasol Ltd. (SSL) Sees Strong Trading Volume
Sasol Ltd. (NYSE:SSL) shares saw strong trading volume on Wednesday . 458,004 shares were traded during mid-day trading, an increase of 73% from the previous session’s volume of 264,772 shares.The stock last traded at $27.58 and had previously closed at $27.40.
A number of research analysts recently commented on the company. Morgan Stanley raised Sasol from an “equal weight” rating to an “overweight” rating in a report on Wednesday. Zacks Investment Research downgraded Sasol from a “buy” rating to a “hold” rating in a report on Thursday, May 12th. Two investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $35.00.
The company’s 50-day moving average price is $27.08 and its 200 day moving average price is $28.51. The firm has a market capitalization of $78.16 million and a PE ratio of 13.34.
A hedge fund recently raised its stake in Sasol stock. Dimensional Fund Advisors LP boosted its position in Sasol Ltd. (NYSE:SSL) by 10.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,635,295 shares of the company’s stock after buying an additional 533,466 shares during the period. Dimensional Fund Advisors LP owned approximately 0.87% of Sasol worth $151,129,000 at the end of the most recent 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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