Sasol (NYSE:SSL) Shares Gap Down to $7.53

Shares of Sasol Limited (NYSE:SSL) gapped down before the market opened on Thursday . The stock had previously closed at $7.53, but opened at $7.37. Sasol shares last traded at $7.35, with a volume of 122,094 shares traded.

Analyst Ratings Changes

Separately, StockNews.com cut shares of Sasol from a “buy” rating to a “hold” rating in a research note on Monday.

Sasol Stock Performance

The firm’s 50 day moving average is $7.13 and its 200-day moving average is $8.03.

Institutional Trading of Sasol

Several large investors have recently bought and sold shares of SSL. EverSource Wealth Advisors LLC boosted 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 during the last quarter. Virtu Financial LLC acquired a new stake in Sasol during the 1st quarter worth approximately $199,000. Tidal Investments LLC acquired a new stake in Sasol during the 1st quarter worth approximately $270,000. Lazard Asset Management LLC acquired a new stake in Sasol during the 1st quarter worth approximately $275,000. Finally, O Shaughnessy Asset Management LLC lifted its holdings in Sasol by 2.5% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 78,516 shares of the oil and gas company’s stock worth $613,000 after buying an additional 1,900 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.