Sasol Limited (NYSE:SSL - Get Free Report) shares gapped up before the market opened on Tuesday . The stock had previously closed at $7.75, but opened at $8.11. Sasol shares last traded at $8.09, with a volume of 124,644 shares.
Analysts Set New Price Targets
Separately, StockNews.com cut shares of Sasol from a "strong-buy" rating to a "buy" rating in a research note on Monday, March 11th.
Get Our Latest Stock Analysis on Sasol
Sasol Price Performance
The company's fifty day moving average is $7.92 and its 200 day moving average is $10.21.
Sasol Cuts Dividend
The firm also recently declared a semi-annual dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were issued a $0.5248 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This represents a yield of 6.9%.
Institutional Trading of Sasol
A number of hedge funds have recently made changes to their positions in the company. Voloridge Investment Management LLC purchased a new stake in shares of Sasol during the fourth quarter valued at approximately $584,000. Profund Advisors LLC bought a new stake in shares of Sasol in the fourth quarter worth $100,000. Royal Bank of Canada increased its stake in shares of Sasol by 28.4% in the fourth quarter. Royal Bank of Canada now owns 32,654 shares of the oil and gas company's stock worth $324,000 after buying an additional 7,229 shares during the last quarter. Pathstone Holdings LLC acquired a new position in Sasol in the fourth quarter worth $128,000. Finally, Point72 Asset Management L.P. acquired a new position in Sasol in the fourth quarter worth $386,000. Hedge funds and other institutional investors own 1.21% of the company's stock.
Sasol Company Profile
(
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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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