Sasol Limited (NYSE:SSL - Get Free Report) gapped up prior to trading on Monday . The stock had previously closed at $7.05, but opened at $7.28. Sasol shares last traded at $7.27, with a volume of 104,837 shares trading hands.
Analyst Ratings Changes
Separately, StockNews.com lowered shares of Sasol from a "strong-buy" rating to a "buy" rating in a research report on Monday, March 11th.
View Our Latest Stock Report on SSL
Sasol Stock Up 2.1 %
The stock's 50 day moving average price is $7.74 and its 200-day moving average price is $9.28.
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 paid a $0.5248 dividend. The ex-dividend date was Thursday, March 14th. This represents a dividend yield of 6.9%.
Institutional Trading of Sasol
Institutional investors have recently bought and sold shares of the company. Pzena Investment Management LLC raised its stake 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 acquiring an additional 122,108 shares during the period. Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of Sasol by 10.2% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,085,272 shares of the oil and gas company's stock valued at $14,836,000 after purchasing an additional 100,789 shares during the period. Canada Pension Plan Investment Board purchased a new stake in shares of Sasol during the third quarter valued at $1,059,000. Barclays PLC raised its holdings in shares of Sasol by 2,100.6% in the third quarter. Barclays PLC now owns 75,743 shares of the oil and gas company's stock valued at $1,035,000 after acquiring an additional 72,301 shares in the last quarter. Finally, BNP Paribas Financial Markets raised its holdings in shares of Sasol by 7,100.7% in the fourth quarter. BNP Paribas Financial Markets now owns 65,814 shares of the oil and gas company's stock valued at $654,000 after acquiring an additional 64,900 shares in the last quarter. 1.21% of the stock is owned by hedge funds and other institutional investors.
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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