Sasol (NYSE:SSL) Shares Gap Down to $8.61

Sasol Limited (NYSE:SSL)’s share price gapped down prior to trading on Tuesday . The stock had previously closed at $8.61, but opened at $8.24. Sasol shares last traded at $8.15, with a volume of 154,571 shares changing hands.

Analysts Set New Price Targets

Separately, StockNews.com lowered Sasol from a “strong-buy” rating to a “buy” rating in a report on Monday, March 11th.

Sasol Trading Down 3.1 %

The firm has a fifty day moving average of $7.90 and a 200-day moving average of $9.90.

Sasol Cuts Dividend

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

Institutional Trading of Sasol

Institutional investors and hedge funds have recently bought and sold shares of the stock. Barclays PLC raised its holdings in Sasol by 2,100.6% during the third quarter. Barclays PLC now owns 75,743 shares of the oil and gas company’s stock worth $1,035,000 after acquiring an additional 72,301 shares in the last quarter. Ritholtz Wealth Management raised its stake in Sasol by 5.6% in the fourth quarter. Ritholtz Wealth Management now owns 53,000 shares of the oil and gas company’s stock valued at $527,000 after buying an additional 2,812 shares during the period. American Century Companies Inc. raised its stake in Sasol by 13.9% in the third quarter. American Century Companies Inc. now owns 387,880 shares of the oil and gas company’s stock valued at $5,302,000 after buying an additional 47,446 shares during the period. Citigroup Inc. bought a new stake in Sasol in the third quarter valued at approximately $212,000. Finally, Canada Pension Plan Investment Board bought a new stake in Sasol in the third quarter valued at approximately $1,059,000. 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.