Sasol (NYSE:SSL) Sees Large Volume Increase

Sasol Limited (NYSE:SSL – Get Rating) saw an uptick in trading volume on Tuesday . 94,185 shares traded hands during trading, a decline of 54% from the previous session’s volume of 203,799 shares.The stock last traded at $18.30 and had previously closed at $17.56.

Analysts Set New Price Targets

Separately, StockNews.com raised Sasol from a “hold” rating to a “buy” rating in a report on Thursday, December 29th.

Sasol Stock Up 0.6 %

The company has a 50 day simple moving average of $16.41 and a 200-day simple moving average of $17.88. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.44 and a quick ratio of 0.99.

Institutional Trading of Sasol

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Connor Clark & Lunn Investment Management Ltd. boosted its stake in Sasol by 131.9% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 467,072 shares of the oil and gas company’s stock worth $7,356,000 after buying an additional 265,627 shares in the last quarter. BlackRock Inc. boosted its stake in shares of Sasol by 3.2% during the first quarter. BlackRock Inc. now owns 323,713 shares of the oil and gas company’s stock valued at $7,828,000 after purchasing an additional 9,940 shares during the period. Bank of America Corp DE boosted its stake in shares of Sasol by 50.6% during the first quarter. Bank of America Corp DE now owns 190,889 shares of the oil and gas company’s stock valued at $4,616,000 after purchasing an additional 64,153 shares during the period. Renaissance Technologies LLC boosted its stake in shares of Sasol by 29.4% during the third quarter. Renaissance Technologies LLC now owns 177,300 shares of the oil and gas company’s stock valued at $2,792,000 after purchasing an additional 40,300 shares during the period. Finally, Hennessy Advisors Inc. boosted its stake in shares of Sasol by 1.4% during the fourth quarter. Hennessy Advisors Inc. now owns 148,300 shares of the oil and gas company’s stock valued at $2,330,000 after purchasing an additional 2,100 shares during the period. Hedge funds and other institutional investors own 1.10% of the company’s stock.

Sasol Company Profile

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Sasol Limited, together with its subsidiaries, operates as an integrated chemical and energy company in South Africa. The company operates through six segments: Mining, Gas, Fuels, Chemicals Africa, Chemicals America, and Chemicals Eurasia. It offers acetate, acrylate monomer, ammonia, carbon, chlor alkali, explosive, fertilizer, glycol ether, hydrocarbon blend, inorganic, ketone, mining, polymer, and wax chemicals, as well as lacquer thinners, light alcohols, and phenolics or cresylic acids.