Sasol Limited (NYSE:SSL - Get Free Report) saw unusually-strong trading volume on Tuesday . Approximately 376,190 shares changed hands during trading, a decline of 40% from the previous session's volume of 628,198 shares.The stock last traded at $9.23 and had previously closed at $8.74.
Wall Street Analysts Forecast Growth
Separately, StockNews.com cut Sasol from a "strong-buy" rating to a "buy" rating in a report on Monday, March 11th.
Read Our Latest Report on SSL
Sasol Stock Up 4.5 %
The firm has a fifty day simple moving average of $7.87 and a two-hundred day simple moving average of $10.05.
Sasol Cuts Dividend
The firm also recently declared a semi-annual dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were issued a $0.5248 dividend. The ex-dividend date was Thursday, March 14th. This represents a dividend yield of 6.9%.
Institutional Trading of Sasol
Several institutional investors and hedge funds have recently modified their holdings of SSL. CWM LLC raised its holdings in shares of Sasol by 819.9% in the 1st quarter. CWM LLC now owns 3,330 shares of the oil and gas company's stock valued at $26,000 after acquiring an additional 2,968 shares in the last quarter. Coppell Advisory Solutions LLC purchased a new stake in shares of Sasol in the 2nd quarter valued at about $31,000. Captrust Financial Advisors raised its holdings 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 valued at $34,000 after buying an additional 890 shares in the last quarter. Tower Research Capital LLC TRC raised its holdings 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 valued at $48,000 after buying an additional 2,696 shares in the last quarter. Finally, Quantbot Technologies LP purchased a new position in shares of Sasol during the 2nd quarter valued at about $57,000. Hedge funds and other institutional investors 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.
Read More
Before you consider Sasol, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Sasol wasn't on the list.
While Sasol currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
