Sasol (NYSE:SSL) Shares Gap Up to $7.04

Sasol Limited (NYSE:SSL)’s stock price gapped up prior to trading on Thursday . The stock had previously closed at $7.04, but opened at $7.35. Sasol shares last traded at $7.34, with a volume of 119,403 shares changing hands.

Analyst Ratings Changes

Separately, StockNews.com upgraded Sasol from a “hold” rating to a “buy” rating in a report on Thursday, August 29th.

Sasol Stock Down 1.6 %

The business has a 50 day moving average of $7.59 and a two-hundred day moving average of $7.51.

Hedge Funds Weigh In On Sasol

Large investors have recently modified their holdings of the stock. Virtu Financial LLC bought a new stake in shares of Sasol during the 1st quarter worth about $199,000. O Shaughnessy Asset Management LLC increased its stake in shares of Sasol by 2.5% during the first quarter. O Shaughnessy Asset Management LLC now owns 78,516 shares of the oil and gas company’s stock worth $613,000 after purchasing an additional 1,900 shares during the period. Tidal Investments LLC acquired a new stake in Sasol during the 1st quarter worth approximately $270,000. PDS Planning Inc acquired a new stake in Sasol during the 1st quarter worth approximately $79,000. Finally, Dynamic Technology Lab Private Ltd bought a new stake in Sasol in the 4th quarter valued at $460,000. 1.21% of the stock is owned by institutional investors.

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.