Sasol (NYSE:SSL) Shares Gap Up to $7.37

Sasol Limited (NYSE:SSL) shares gapped up before the market opened on Friday . The stock had previously closed at $7.37, but opened at $7.65. Sasol shares last traded at $7.65, with a volume of 64,378 shares traded.

Analysts Set New Price Targets

Separately, StockNews.com lowered Sasol from a “buy” rating to a “hold” rating in a report on Monday, June 24th.

Sasol Stock Performance

The business’s 50-day moving average is $7.09 and its two-hundred day moving average is $8.01.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Ritholtz Wealth Management increased its stake in shares of Sasol by 5.6% in the 4th quarter. Ritholtz Wealth Management now owns 53,000 shares of the oil and gas company’s stock worth $527,000 after acquiring an additional 2,812 shares during the last quarter. American Century Companies Inc. lifted its position in Sasol by 13.9% in the third quarter. American Century Companies Inc. now owns 387,880 shares of the oil and gas company’s stock valued at $5,302,000 after buying an additional 47,446 shares during the last quarter. Citigroup Inc. purchased a new position in Sasol during the third quarter worth about $212,000. Dynamic Technology Lab Private Ltd purchased a new position in Sasol during the fourth quarter worth about $460,000. Finally, Trexquant Investment LP increased its position in shares of Sasol by 223.8% during the fourth quarter. Trexquant Investment LP now owns 61,859 shares of the oil and gas company’s stock valued at $615,000 after acquiring an additional 42,753 shares during the last quarter. 1.21% of the stock is owned by hedge funds and other institutional investors.

Sasol Company Profile

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.