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

Sasol Limited (NYSE:SSL) gapped up prior to trading 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 changing hands.

Wall Street Analyst Weigh In

Separately, StockNews.com cut Sasol from a “buy” rating to a “hold” rating in a research note on Monday, June 24th.

Sasol Price Performance

The stock’s 50-day moving average price is $7.09 and its 200-day moving average price is $8.01.

Hedge Funds Weigh In On Sasol

A number of large investors have recently bought and sold shares of SSL. American Century Companies Inc. grew its holdings in shares of Sasol by 13.9% during the third quarter. American Century Companies Inc. now owns 387,880 shares of the oil and gas company’s stock valued at $5,302,000 after purchasing an additional 47,446 shares during the last quarter. Pzena Investment Management LLC boosted its position in Sasol by 53.0% during the 1st quarter. Pzena Investment Management LLC now owns 352,561 shares of the oil and gas company’s stock valued at $2,754,000 after purchasing an additional 122,108 shares during the period. Jump Financial LLC grew its stake in Sasol by 218.7% during the 4th quarter. Jump Financial LLC now owns 83,712 shares of the oil and gas company’s stock worth $832,000 after buying an additional 57,442 shares during the last quarter. O Shaughnessy Asset Management LLC increased its position in Sasol by 2.5% in the first 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 during the period. Finally, BNP Paribas Financial Markets lifted its stake in Sasol by 7,100.7% in the fourth quarter. BNP Paribas Financial Markets now owns 65,814 shares of the oil and gas company’s stock valued at $654,000 after buying an additional 64,900 shares during the last quarter. Institutional investors own 1.21% of the company’s stock.

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.