Sasol (NYSE:SSL) Shares Gap Up to $8.16

Sasol Limited (NYSE:SSL - Get Free Report) gapped up prior to trading on Monday . The stock had previously closed at $8.16, but opened at $8.80. Sasol shares last traded at $8.69, with a volume of 315,131 shares trading hands.

Analyst Ratings Changes

Separately, StockNews.com downgraded Sasol from a "strong-buy" rating to a "buy" rating in a research note on Monday, March 11th.

Sasol Stock Performance

The firm has a 50 day moving average price of $7.87 and a 200-day moving average price of $10.08.

Sasol Cuts Dividend

The business also recently declared a semi-annual dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were paid a dividend of $0.5248 per share. The ex-dividend date of this dividend was Thursday, March 14th. This represents a dividend yield of 6.9%.

Institutional Trading of Sasol

Large investors have recently made changes to their positions in the stock. Captrust Financial Advisors lifted its position in shares of Sasol by 148.3% during the 2nd quarter. Captrust Financial Advisors now owns 1,490 shares of the oil and gas company's stock worth $34,000 after purchasing an additional 890 shares during the last quarter. Quantbot Technologies LP acquired a new position in shares of Sasol during the 2nd quarter worth about $57,000. Coppell Advisory Solutions LLC acquired a new position in shares of Sasol during the 2nd quarter worth about $31,000. Tower Research Capital LLC TRC lifted its position in shares of Sasol by 700.3% during the 3rd quarter. Tower Research Capital LLC TRC now owns 3,081 shares of the oil and gas company's stock worth $48,000 after purchasing an additional 2,696 shares during the last quarter. Finally, CWM LLC lifted its position in shares of Sasol by 819.9% during the 1st quarter. CWM LLC now owns 3,330 shares of the oil and gas company's stock worth $26,000 after purchasing an additional 2,968 shares during the last quarter. Institutional investors own 1.21% of the company's stock.

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.