Sasol (NYSE:SSL) Shares Gap Up to $7.37

Sasol Limited (NYSE:SSL)’s stock price gapped up before the market opened on Friday . The stock had previously closed at $7.37, but opened at $7.65. Sasol shares last traded at $7.65, with a volume of 64,378 shares traded.

Analysts Set New Price Targets

Separately, StockNews.com lowered shares of Sasol from a “buy” rating to a “hold” rating in a report on Monday.

Sasol Price Performance

The firm’s 50 day simple moving average is $7.12 and its 200-day simple moving average is $8.03.

Institutional Investors Weigh In On Sasol

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SSL. CWM LLC increased its stake in shares of Sasol by 819.9% during the 1st 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. Lindbrook Capital LLC increased its stake 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 worth $38,000 after purchasing an additional 2,882 shares during the last quarter. EverSource Wealth Advisors LLC increased its stake in shares of Sasol by 3,112.4% during the 1st quarter. EverSource Wealth Advisors LLC now owns 6,714 shares of the oil and gas company’s stock worth $52,000 after purchasing an additional 6,505 shares during the last quarter. PDS Planning Inc acquired a new position in shares of Sasol during the 1st quarter worth about $79,000. Finally, PNC Financial Services Group Inc. increased its stake in shares of Sasol by 12.9% during 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 purchasing an additional 1,185 shares during the last quarter. 1.21% of the stock is currently owned by institutional investors and hedge funds.

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.