Shares of Sasol Limited (NYSE:SSL – Get Free Report) gapped down before the market opened on Thursday . The stock had previously closed at $4.40, but opened at $4.14. Sasol shares last traded at $4.18, with a volume of 139,008 shares traded.
Analyst Ratings Changes
A number of analysts have weighed in on the stock. StockNews.com downgraded shares of Sasol from a “buy” rating to a “hold” rating in a research report on Friday. Bank of America downgraded shares of Sasol from a “buy” rating to a “neutral” rating in a research report on Thursday, February 6th.
Read Our Latest Analysis on SSL
Sasol Trading Up 5.0 %
Institutional Trading of Sasol
Several large investors have recently modified their holdings of the stock. Pinnacle Wealth Planning Services Inc. grew its position in Sasol by 97.4% in the 4th quarter. Pinnacle Wealth Planning Services Inc. now owns 33,358 shares of the oil and gas company’s stock valued at $152,000 after purchasing an additional 16,462 shares during the period. Vident Advisory LLC lifted its stake in Sasol by 11.2% during the 4th quarter. Vident Advisory LLC now owns 40,690 shares of the oil and gas company’s stock valued at $186,000 after acquiring an additional 4,108 shares in the last quarter. Two Sigma Advisers LP lifted its stake in Sasol by 108.8% during the 4th quarter. Two Sigma Advisers LP now owns 610,200 shares of the oil and gas company’s stock valued at $2,783,000 after acquiring an additional 317,900 shares in the last quarter. Two Sigma Investments LP lifted its stake in Sasol by 100.7% during the 4th quarter. Two Sigma Investments LP now owns 1,054,238 shares of the oil and gas company’s stock valued at $4,807,000 after acquiring an additional 528,860 shares in the last quarter. Finally, Point72 Asset Management L.P. lifted its stake in Sasol by 45.9% during the 4th quarter. Point72 Asset Management L.P. now owns 433,100 shares of the oil and gas company’s stock valued at $1,975,000 after acquiring an additional 136,300 shares in the last quarter. Institutional investors and hedge funds own 1.21% of the company’s stock.
About Sasol
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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