Sasol (NYSE:SSL) Stock Price Down 4.6% – Should You Sell?

Sasol Limited (NYSE:SSL)’s stock price traded down 4.6% on Thursday . The company traded as low as $4.76 and last traded at $4.73. 345,033 shares changed hands during trading, a decline of 74% from the average session volume of 1,322,753 shares. The stock had previously closed at $4.96.

Wall Street Analysts Forecast Growth

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

Sasol Price Performance

The stock has a market capitalization of $3.06 billion, a PE ratio of 2.04, a PEG ratio of 0.13 and a beta of 2.34. 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 firm’s fifty day moving average price is $4.98 and its two-hundred day moving average price is $6.30.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of SSL. Quantinno Capital Management LP increased its holdings in Sasol by 16.6% in the 3rd quarter. Quantinno Capital Management LP now owns 28,073 shares of the oil and gas company’s stock worth $190,000 after acquiring an additional 4,000 shares in the last quarter. Ballentine Partners LLC raised its position in shares of Sasol by 32.3% during the 3rd quarter. Ballentine Partners LLC now owns 19,308 shares of the oil and gas company’s stock valued at $131,000 after purchasing an additional 4,712 shares during the period. QRG Capital Management Inc. lifted its stake in shares of Sasol by 47.5% during the 3rd quarter. QRG Capital Management Inc. now owns 16,903 shares of the oil and gas company’s stock valued at $114,000 after buying an additional 5,440 shares in the last quarter. Vanguard Personalized Indexing Management LLC boosted its holdings in Sasol by 33.2% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 23,662 shares of the oil and gas company’s stock worth $180,000 after buying an additional 5,898 shares during the period. Finally, Blue Trust Inc. increased its stake in Sasol by 145.2% in the 3rd quarter. Blue Trust Inc. now owns 11,892 shares of the oil and gas company’s stock worth $80,000 after buying an additional 7,043 shares in 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.