Sasol (NYSE:SSL) Stock Price Up 5.1%

Sasol Limited (NYSE:SSL)’s share price rose 5.1% during trading on Wednesday . The company traded as high as $7.86 and last traded at $7.84. Approximately 73,929 shares changed hands during trading, a decline of 89% from the average daily volume of 659,703 shares. The stock had previously closed at $7.46.

Analysts Set New Price Targets

Separately, StockNews.com upgraded Sasol from a “hold” rating to a “buy” rating in a research report on Wednesday.

Sasol Stock Up 6.6 %

The stock has a 50-day simple moving average of $7.11 and a 200 day simple moving average of $7.97.

Institutional Investors Weigh In On Sasol

Several institutional investors and hedge funds have recently modified their holdings of the company. American Century Companies Inc. raised its holdings in shares of Sasol by 13.9% in 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 during the period. Pzena Investment Management LLC raised its holdings in shares of Sasol by 53.0% in 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 buying an additional 122,108 shares during the period. Jump Financial LLC raised its holdings in shares of Sasol by 218.7% in the 4th quarter. Jump Financial LLC now owns 83,712 shares of the oil and gas company’s stock valued at $832,000 after buying an additional 57,442 shares during the period. O Shaughnessy Asset Management LLC raised its holdings in shares of Sasol by 2.5% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 78,516 shares of the oil and gas company’s stock valued at $613,000 after buying an additional 1,900 shares during the period. Finally, BNP Paribas Financial Markets raised its holdings in shares of Sasol by 7,100.7% in the 4th 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 period. Hedge funds and other institutional investors 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.