Sasol (NYSE:SSL) Shares Gap Down to $7.17

Shares of Sasol Limited (NYSE:SSL) gapped down prior to trading on Wednesday . The stock had previously closed at $7.17, but opened at $6.93. Sasol shares last traded at $6.97, with a volume of 559,481 shares changing hands.

Wall Street Analysts Forecast Growth

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

Sasol Stock Down 3.0 %

The company’s fifty day moving average price is $7.85 and its 200 day moving average price is $9.66.

Sasol Cuts Dividend

The company also recently disclosed a semi-annual dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were paid a $0.5248 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This represents a yield of 6.9%.

Hedge Funds Weigh In On Sasol

A number of hedge funds and other institutional investors have recently modified their holdings of the business. CWM LLC lifted its holdings in Sasol by 819.9% during the first quarter. CWM LLC now owns 3,330 shares of the oil and gas company’s stock worth $26,000 after acquiring an additional 2,968 shares during the period. Lindbrook Capital LLC increased its position in shares of Sasol by 148.9% during 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 during the last quarter. Signaturefd LLC raised its stake in shares of Sasol by 27.3% during the 3rd quarter. Signaturefd LLC now owns 5,397 shares of the oil and gas company’s stock worth $74,000 after purchasing an additional 1,156 shares during the period. PNC Financial Services Group Inc. boosted its holdings in shares of Sasol by 12.9% in the 3rd quarter. PNC Financial Services Group Inc. now owns 10,390 shares of the oil and gas company’s stock worth $142,000 after buying an additional 1,185 shares during the last quarter. Finally, Barometer Capital Management Inc. bought a new position in Sasol during the fourth quarter valued at about $117,000. 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.