Sasol (NYSE:SSL) Shares Gap Down to $8.12

Sasol Limited (NYSE:SSL) gapped down before the market opened on Wednesday . The stock had previously closed at $8.12, but opened at $7.81. Sasol shares last traded at $7.85, with a volume of 193,858 shares changing hands.

Analyst Ratings Changes

Separately, StockNews.com upgraded Sasol from a “hold” rating to a “buy” rating in a report on Friday, July 19th.

Sasol Stock Performance

The company’s fifty day simple moving average is $7.26 and its two-hundred day simple moving average is $7.74.

Institutional Investors Weigh In On Sasol

Institutional investors and hedge funds have recently made changes to their positions in the business. Ritholtz Wealth Management lifted its position in shares of Sasol by 5.6% during the fourth quarter. Ritholtz Wealth Management now owns 53,000 shares of the oil and gas company’s stock valued at $527,000 after purchasing an additional 2,812 shares in the last quarter. American Century Companies Inc. lifted its stake in shares of Sasol by 13.9% during the 3rd quarter. American Century Companies Inc. now owns 387,880 shares of the oil and gas company’s stock valued at $5,302,000 after buying an additional 47,446 shares in the last quarter. Citigroup Inc. bought a new position in shares of Sasol in the third quarter worth $212,000. PDS Planning Inc purchased a new position in Sasol during the 1st quarter valued at about $79,000. Finally, Dynamic Technology Lab Private Ltd bought a new stake in Sasol during the 4th quarter worth approximately $460,000. Institutional investors and hedge funds 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.