Sasol Limited (NYSE:SSL – Get Free Report) shares gapped down before the market opened on Friday . The stock had previously closed at $7.19, but opened at $6.91. Sasol shares last traded at $6.86, with a volume of 74,097 shares.
Analysts Set New Price Targets
Separately, StockNews.com raised shares of Sasol from a “hold” rating to a “buy” rating in a research note on Thursday, August 29th.
Get Our Latest Analysis on SSL
Sasol Stock Performance
Institutional Inflows and Outflows
Large investors have recently made changes to their positions in the stock. Virtu Financial LLC acquired a new position in shares of Sasol in the 1st quarter valued at $199,000. O Shaughnessy Asset Management LLC increased its position in shares of Sasol by 2.5% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 78,516 shares of the oil and gas company’s stock valued at $613,000 after buying an additional 1,900 shares in the last quarter. Tidal Investments LLC bought a new stake in shares of Sasol in the 1st quarter valued at $270,000. PDS Planning Inc bought a new stake in shares of Sasol in the 1st quarter valued at $79,000. Finally, Dynamic Technology Lab Private Ltd bought a new stake in shares of Sasol in the 4th quarter valued at $460,000. Institutional investors and hedge funds own 1.21% of the company’s stock.
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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