Sasol (NYSE:SSL) Shares Gap Down to $17.86

Sasol Limited (NYSE:SSLGet Rating)’s stock price gapped down before the market opened on Friday . The stock had previously closed at $17.86, but opened at $16.87. Sasol shares last traded at $16.56, with a volume of 4,213 shares.

Wall Street Analyst Weigh In

SSL has been the subject of a number of research reports. StockNews.com upgraded shares of Sasol from a “hold” rating to a “buy” rating in a report on Friday, September 16th. Morgan Stanley lowered shares of Sasol from an “overweight” rating to an “equal weight” rating in a report on Tuesday, June 14th.

Sasol Trading Down 8.4 %

The stock has a 50 day moving average of $19.93 and a 200 day moving average of $22.65. The company has a quick ratio of 0.99, a current ratio of 1.44 and a debt-to-equity ratio of 0.50.

Sasol Announces Dividend

The company also recently disclosed an annual dividend, which will be paid on Friday, September 23rd. Stockholders of record on Friday, September 9th will be given a dividend of $0.8716 per share. This represents a dividend yield of 3.6%. The ex-dividend date is Thursday, September 8th.

Institutional Trading of Sasol

A number of large investors have recently bought and sold shares of SSL. Wrapmanager Inc. boosted its position in shares of Sasol by 15.8% during the 1st quarter. Wrapmanager Inc. now owns 18,566 shares of the oil and gas company’s stock valued at $449,000 after purchasing an additional 2,538 shares in the last quarter. FNY Investment Advisers LLC grew its position in shares of Sasol by 285.5% during the 2nd quarter. FNY Investment Advisers LLC now owns 34,200 shares of the oil and gas company’s stock worth $788,000 after buying an additional 25,329 shares during the period. Quadrant Capital Group LLC increased its stake in shares of Sasol by 22.4% in the 1st quarter. Quadrant Capital Group LLC now owns 3,651 shares of the oil and gas company’s stock valued at $88,000 after acquiring an additional 667 shares in the last quarter. NorthCrest Asset Manangement LLC acquired a new position in shares of Sasol during the 1st quarter valued at $207,000. Finally, Crossmark Global Holdings Inc. boosted its stake in Sasol by 40.4% during the first quarter. Crossmark Global Holdings Inc. now owns 27,523 shares of the oil and gas company’s stock worth $665,000 after acquiring an additional 7,923 shares in the last quarter. 1.36% of the stock is currently owned by institutional investors and hedge funds.

Sasol Company Profile

(Get Rating)

Sasol Limited, together with its subsidiaries, operates as an integrated chemical and energy company in South Africa. The company operates through six segments: Mining, Gas, Fuels, Chemicals Africa, Chemicals America, and Chemicals Eurasia. It offers acetate, acrylate monomer, ammonia, carbon, chlor alkali, explosive, fertilizer, glycol ether, hydrocarbon blend, inorganic, ketone, mining, polymer, and wax chemicals, as well as lacquer thinners, light alcohols, and phenolics or cresylic acids.

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