Sasol (NYSE:SSL) Shares Gap Down to $8.12

Sasol Limited (NYSE:SSL)’s stock price gapped down before the market opened on Wednesday . The stock had previously closed at $8.12, but opened at $7.81. Sasol shares last traded at $7.85, with a volume of 193,858 shares trading hands.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded Sasol from a “hold” rating to a “buy” rating in a research report on Friday, July 19th.

Sasol Stock Performance

The business has a 50-day moving average price of $7.27 and a 200-day moving average price of $7.74.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. CWM LLC lifted its holdings in 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 purchasing an additional 2,968 shares in the last quarter. Mather Group LLC. purchased a new position in Sasol in the 2nd quarter valued at $28,000. Lindbrook Capital LLC lifted its holdings in Sasol by 148.9% in the 1st quarter. Lindbrook Capital LLC now owns 4,817 shares of the oil and gas company’s stock valued at $38,000 after purchasing an additional 2,882 shares in the last quarter. Blue Trust Inc. lifted its holdings in Sasol by 247.6% in the 2nd quarter. Blue Trust Inc. now owns 4,849 shares of the oil and gas company’s stock valued at $38,000 after purchasing an additional 3,454 shares in the last quarter. Finally, EverSource Wealth Advisors LLC lifted its holdings in Sasol by 3,112.4% in the 1st quarter. EverSource Wealth Advisors LLC now owns 6,714 shares of the oil and gas company’s stock valued at $52,000 after purchasing an additional 6,505 shares in the last quarter. Hedge funds and other 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.