Sasol (NYSE:SSL) Shares Down 3.9% – Should You Sell?

Sasol Ltd. (NYSE:SSL) was down 3.9% on Monday . The company traded as low as $6.52 and last traded at $6.5350. 184,210 shares were traded during trading, a decline of 85% from the average session volume of 1,208,989 shares. The stock had previously closed at $6.80.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on SSL shares. Weiss Ratings restated a “sell (d+)” rating on shares of Sasol in a report on Wednesday, October 8th. Morgan Stanley cut shares of Sasol from an “overweight” rating to an “equal weight” rating in a report on Monday, September 22nd. Finally, Wall Street Zen downgraded Sasol from a “strong-buy” rating to a “buy” rating in a report on Saturday, November 15th. Two analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Sasol has a consensus rating of “Reduce”.

Sasol Trading Up 2.3%

The company has a quick ratio of 1.27, a current ratio of 1.87 and a debt-to-equity ratio of 0.66. The company’s fifty day moving average price is $6.33 and its two-hundred day moving average price is $5.67.

Hedge Funds Weigh In On Sasol

Hedge funds have recently bought and sold shares of the stock. Millennium Management LLC increased its position in Sasol by 75.7% during the 1st quarter. Millennium Management LLC now owns 1,450,355 shares of the oil and gas company’s stock worth $6,135,000 after purchasing an additional 624,911 shares in the last quarter. JPMorgan Chase & Co. grew its stake in Sasol by 1,627.3% during the third quarter. JPMorgan Chase & Co. now owns 1,025,934 shares of the oil and gas company’s stock worth $6,381,000 after buying an additional 966,539 shares during the period. American Century Companies Inc. increased its position in shares of Sasol by 25.5% in the second quarter. American Century Companies Inc. now owns 890,502 shares of the oil and gas company’s stock worth $3,936,000 after acquiring an additional 180,827 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of Sasol by 11.9% in the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 767,312 shares of the oil and gas company’s stock valued at $3,392,000 after acquiring an additional 81,769 shares during the period. Finally, Bank of America Corp DE lifted its holdings in shares of Sasol by 206.2% during the 2nd quarter. Bank of America Corp DE now owns 537,250 shares of the oil and gas company’s stock valued at $2,375,000 after acquiring an additional 361,777 shares in the last quarter. 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.