Sasol (NYSE:SSL) Sets New 1-Year Low – Here’s Why

Sasol Limited (NYSE:SSL) shares hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $3.43 and last traded at $3.47, with a volume of 656028 shares. The stock had previously closed at $3.57.

Wall Street Analyst Weigh In

Several research firms have recently commented on SSL. Bank of America lowered Sasol from a “buy” rating to a “neutral” rating in a report on Thursday, February 6th. StockNews.com cut shares of Sasol from a “buy” rating to a “hold” rating in a research report on Wednesday.

Sasol Price Performance

The company has a current ratio of 2.33, a quick ratio of 1.58 and a debt-to-equity ratio of 0.89. The stock has a market capitalization of $2.25 billion, a price-to-earnings ratio of 1.53, a price-to-earnings-growth ratio of 0.17 and a beta of 1.72. The company’s 50 day moving average is $3.91 and its 200 day moving average is $4.71.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SSL. Millennium Management LLC increased its position in shares of Sasol by 2,401.8% during the fourth quarter. Millennium Management LLC now owns 825,444 shares of the oil and gas company’s stock worth $3,764,000 after acquiring an additional 792,450 shares during the last quarter. Two Sigma Investments LP increased its holdings in shares of Sasol by 100.7% during the fourth quarter. Two Sigma Investments LP now owns 1,054,238 shares of the oil and gas company’s stock valued at $4,807,000 after purchasing an additional 528,860 shares during the period. Generali Investments CEE investicni spolecnost a.s. acquired a new position in shares of Sasol during the fourth quarter valued at $1,674,000. Renaissance Technologies LLC increased its holdings in shares of Sasol by 119.0% during the fourth quarter. Renaissance Technologies LLC now owns 670,011 shares of the oil and gas company’s stock valued at $3,055,000 after purchasing an additional 364,111 shares during the period. Finally, Two Sigma Advisers LP grew its holdings in Sasol by 108.8% during the fourth quarter. Two Sigma Advisers LP now owns 610,200 shares of the oil and gas company’s stock worth $2,783,000 after acquiring an additional 317,900 shares during the period. Institutional investors and hedge funds 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.