Sasol Limited (NYSE:SSL – Get Free Report)’s stock price gapped down before the market opened 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 trading 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.
Read Our Latest Research Report on Sasol
Sasol Price Performance
Sasol Cuts Dividend
The company also recently declared a semi-annual dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were given a dividend of $0.5248 per share. The ex-dividend date was Thursday, March 14th. This represents a yield of 6.9%.
Hedge Funds Weigh In On Sasol
A number of hedge funds have recently modified their holdings of the company. CWM LLC grew its stake in shares of Sasol by 819.9% in the first quarter. CWM LLC now owns 3,330 shares of the oil and gas company’s stock worth $26,000 after purchasing an additional 2,968 shares during the last quarter. Coppell Advisory Solutions LLC bought a new stake in shares of Sasol in the 2nd quarter worth approximately $31,000. Captrust Financial Advisors increased its stake in shares of Sasol by 148.3% during the second quarter. Captrust Financial Advisors now owns 1,490 shares of the oil and gas company’s stock valued at $34,000 after buying an additional 890 shares during the period. Tower Research Capital LLC TRC raised its holdings in shares of Sasol by 700.3% during the third quarter. Tower Research Capital LLC TRC now owns 3,081 shares of the oil and gas company’s stock valued at $48,000 after acquiring an additional 2,696 shares in the last quarter. Finally, Quantbot Technologies LP purchased a new stake in Sasol in the second quarter worth $57,000. Hedge funds and other institutional investors own 1.21% of the company’s stock.
About Sasol
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.
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