Sasol Limited (NYSE:SSL - Get Free Report) shares hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $7.09 and last traded at $7.18, with a volume of 694744 shares traded. The stock had previously closed at $7.93.
Analyst Upgrades and Downgrades
Separately, StockNews.com cut shares of Sasol from a "strong-buy" rating to a "buy" rating in a report on Monday, March 11th.
Check Out Our Latest Stock Analysis on SSL
Sasol Trading Down 9.6 %
The business has a 50-day moving average price of $7.91 and a 200-day moving average price of $9.74.
Sasol Cuts Dividend
The company also recently disclosed a semi-annual dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were paid a dividend of $0.5248 per share. This represents a yield of 6.9%. The ex-dividend date was Thursday, March 14th.
Hedge Funds Weigh In On Sasol
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. SG Americas Securities LLC acquired a new position in Sasol in the 3rd quarter valued at approximately $213,000. Advisor Partners II LLC grew its stake in Sasol by 126.6% in the third quarter. Advisor Partners II LLC now owns 25,895 shares of the oil and gas company's stock valued at $354,000 after purchasing an additional 14,465 shares in the last quarter. First Trust Direct Indexing L.P. increased its position in Sasol by 13.4% in the 3rd quarter. First Trust Direct Indexing L.P. now owns 29,024 shares of the oil and gas company's stock worth $397,000 after purchasing an additional 3,424 shares during the last quarter. Knights of Columbus Asset Advisors LLC purchased a new stake in shares of Sasol during the 3rd quarter worth about $170,000. Finally, Signaturefd LLC grew its stake in shares of Sasol by 27.3% in the 3rd quarter. Signaturefd LLC now owns 5,397 shares of the oil and gas company's stock valued at $74,000 after buying an additional 1,156 shares in the last quarter. Institutional investors and hedge funds own 1.21% of the company's stock.
Sasol Company Profile
(
Get Free Report)
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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