Sasol Limited (NYSE:SSL – Get Free Report) gapped down before the market opened on Thursday . The stock had previously closed at $4.78, but opened at $4.63. Sasol shares last traded at $4.64, with a volume of 206,499 shares trading hands.
Analyst Upgrades and Downgrades
Separately, StockNews.com cut shares of Sasol from a “buy” rating to a “hold” rating in a research note on Tuesday, December 10th.
Get Our Latest Research Report on SSL
Sasol Stock Up 1.1 %
Institutional Trading of Sasol
A number of institutional investors have recently bought and sold shares of SSL. Van ECK Associates Corp boosted its stake in shares of Sasol by 7.4% during the second quarter. Van ECK Associates Corp now owns 36,974 shares of the oil and gas company’s stock valued at $281,000 after purchasing an additional 2,535 shares during the period. Ritholtz Wealth Management boosted its position in Sasol by 6.3% in the 2nd quarter. Ritholtz Wealth Management now owns 57,825 shares of the oil and gas company’s stock valued at $440,000 after buying an additional 3,416 shares during the period. Blue Trust Inc. grew its stake in Sasol by 247.6% in the 2nd quarter. Blue Trust Inc. now owns 4,849 shares of the oil and gas company’s stock worth $38,000 after acquiring an additional 3,454 shares in the last quarter. Quantinno Capital Management LP increased its position in shares of Sasol by 16.6% during the third quarter. Quantinno Capital Management LP now owns 28,073 shares of the oil and gas company’s stock worth $190,000 after acquiring an additional 4,000 shares during the period. Finally, Ballentine Partners LLC raised its stake in shares of Sasol by 32.3% during the third quarter. Ballentine Partners LLC now owns 19,308 shares of the oil and gas company’s stock valued at $131,000 after acquiring an additional 4,712 shares in the last quarter. 1.21% of the stock is currently owned by institutional investors.
Sasol Company Profile
Sasol Limited operates as a chemical and energy company in South Africa and internationally. It offers alumina, such as battery materials, catalyst supports, abrasives and polishing, and polymer additives; cobalt fischer-tropsch catalysts; carbon-based and recarburiser products; graphite electrodes; and mono-ethylene glycol and chlor-alkali products, monomers, mining chemicals and reagents, blends and hydrocarbons, methanol products, polymers, phenolics, and fertilizers.
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