Sasol Limited (NYSE:SSL – Get Free Report) saw unusually-strong trading volume on Thursday . Approximately 252,021 shares traded hands during mid-day trading, a decline of 62% from the previous session’s volume of 662,392 shares.The stock last traded at $7.55 and had previously closed at $7.25.
Analyst Ratings Changes
Separately, StockNews.com downgraded shares of Sasol from a “strong-buy” rating to a “buy” rating in a research report on Monday, March 11th.
Get Our Latest Research Report on Sasol
Sasol Stock Performance
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently bought and sold shares of the business. EverSource Wealth Advisors LLC boosted its holdings in shares of Sasol by 3,112.4% in the first quarter. EverSource Wealth Advisors LLC now owns 6,714 shares of the oil and gas company’s stock valued at $52,000 after acquiring an additional 6,505 shares in the last quarter. Virtu Financial LLC purchased a new stake in shares of Sasol in the first quarter valued at about $199,000. Tidal Investments LLC purchased a new stake in shares of Sasol in the first quarter valued at about $270,000. Lazard Asset Management LLC purchased a new stake in shares of Sasol in the first quarter valued at about $275,000. Finally, O Shaughnessy Asset Management LLC boosted its holdings in shares of Sasol by 2.5% in the first quarter. O Shaughnessy Asset Management LLC now owns 78,516 shares of the oil and gas company’s stock valued at $613,000 after acquiring an additional 1,900 shares in the last quarter. 1.21% of the stock is owned by hedge funds and other institutional investors.
About Sasol
Sasol Limited operates as an integrated chemical and energy company in South Africa. It offers alumina, such as battery materials, catalyst supports, abrasives and polishing, and polymer additives; cobalt fischer-tropsch; carbon-based products; recarburiser; graphite electrodes; mono-ethylene glycol, ethylene, propylene, sasfroth blends, sodium cyanide, caustic soda, hydrochloric acid, sulfuric acid, calcium chloride, chlorine, alcohols, aromatic blends, methyl alcohol, polyethylene, polypropylene, polyvinyl chloride, cresols, xylenols, phenols, limestone ammonium nitrate, ammonium nitrate solution, and nitric acid.
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