Sasol Limited (NYSE:SSL – Get Free Report)’s share price gapped down prior to trading on Wednesday . The stock had previously closed at $6.97, but opened at $6.73. Sasol shares last traded at $6.70, with a volume of 211,795 shares changing hands.
Analysts Set New Price Targets
Separately, StockNews.com raised Sasol from a “hold” rating to a “buy” rating in a research note on Thursday, August 29th.
Get Our Latest Research Report on SSL
Sasol Trading Down 3.6 %
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. American Century Companies Inc. lifted its position in shares of Sasol by 7.1% during the 2nd quarter. American Century Companies Inc. now owns 542,205 shares of the oil and gas company’s stock worth $4,126,000 after purchasing an additional 35,818 shares during the last quarter. Pzena Investment Management LLC lifted its holdings in Sasol by 53.0% during the 1st quarter. Pzena Investment Management LLC now owns 352,561 shares of the oil and gas company’s stock worth $2,754,000 after buying an additional 122,108 shares during the last quarter. Creative Planning boosted its position in shares of Sasol by 61.4% during the 2nd quarter. Creative Planning now owns 118,941 shares of the oil and gas company’s stock worth $905,000 after acquiring an additional 45,243 shares in the last quarter. O Shaughnessy Asset Management LLC increased its holdings 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 acquiring an additional 1,900 shares during the last quarter. Finally, Point72 Asset Management L.P. lifted its stake in Sasol by 417.3% during the second quarter. Point72 Asset Management L.P. now owns 71,900 shares of the oil and gas company’s stock worth $547,000 after purchasing an additional 58,000 shares during the last quarter. 1.21% of the stock is currently 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.
Featured Stories
- Five stocks we like better than Sasol
- How to invest in marijuana stocks in 7 steps
- 3 Momentum Trades for October With Ample Upside Ahead
- What is a buyback in stocks? A comprehensive guide for investors
- Roblox Dips on Short Report—Here’s Why It Could Bounce Back Fast
- What is the Nasdaq? Complete Overview with History
- 2 Reasons to Jump on Apple Stock Now and 1 Reason to Think Twice
Receive News & Ratings for Sasol Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sasol and related companies with MarketBeat.com's FREE daily email newsletter.