Sasol (NYSE:SSL) Sets New 1-Year Low at $7.09

Sasol Limited (NYSE:SSL) shares reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $7.09 and last traded at $7.18, with a volume of 694744 shares changing hands. The stock had previously closed at $7.93.

Analyst Upgrades and Downgrades

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

Sasol Price Performance

The company’s fifty day moving average is $7.88 and its two-hundred day moving average is $9.68.

Sasol Cuts Dividend

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

Institutional Investors Weigh In On Sasol

Several hedge funds have recently bought and sold shares of SSL. Connor Clark & Lunn Investment Management Ltd. boosted its position in Sasol by 10.2% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,085,272 shares of the oil and gas company’s stock worth $14,836,000 after purchasing an additional 100,789 shares in the last quarter. Canada Pension Plan Investment Board purchased a new stake in Sasol in the 3rd quarter worth approximately $1,059,000. Barclays PLC boosted its position in Sasol by 2,100.6% in the 3rd quarter. Barclays PLC now owns 75,743 shares of the oil and gas company’s stock worth $1,035,000 after purchasing an additional 72,301 shares in the last quarter. BNP Paribas Financial Markets boosted its position in Sasol by 7,100.7% in the 4th quarter. BNP Paribas Financial Markets now owns 65,814 shares of the oil and gas company’s stock worth $654,000 after purchasing an additional 64,900 shares in the last quarter. Finally, Jump Financial LLC boosted its position in Sasol by 218.7% in the 4th quarter. Jump Financial LLC now owns 83,712 shares of the oil and gas company’s stock worth $832,000 after purchasing an additional 57,442 shares in the last quarter. 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.