Sasol (NYSE:SSL) Shares Gap Up to $17.59

Shares of Sasol Limited (NYSE:SSLGet Rating) gapped up prior to trading on Wednesday . The stock had previously closed at $17.59, but opened at $18.26. Sasol shares last traded at $18.07, with a volume of 1,621 shares.

Analyst Ratings Changes

SSL has been the subject of a number of recent analyst reports. Morgan Stanley lowered Sasol from an “overweight” rating to an “equal weight” rating in a report on Tuesday, June 14th. StockNews.com raised Sasol from a “hold” rating to a “buy” rating in a research note on Friday, September 16th.

Sasol Price Performance

The business has a 50 day simple moving average of $19.93 and a 200-day simple moving average of $22.65. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.99 and a current ratio of 1.44.

Sasol Announces Dividend

The business also recently disclosed an annual dividend, which will be paid on Friday, September 23rd. Stockholders of record on Friday, September 9th will be given a dividend of $0.8716 per share. The ex-dividend date of this dividend is Thursday, September 8th. This represents a dividend yield of 3.6%.

Institutional Investors Weigh In On Sasol

A number of institutional investors and hedge funds have recently modified their holdings of SSL. Bank of America Corp DE lifted its position in shares of Sasol by 15.8% during the 4th quarter. Bank of America Corp DE now owns 126,736 shares of the oil and gas company’s stock valued at $2,079,000 after acquiring an additional 17,256 shares during the last quarter. NorthCrest Asset Manangement LLC acquired a new stake in shares of Sasol during the 1st quarter valued at $207,000. QP Wealth Management LLC acquired a new stake in shares of Sasol during the 1st quarter valued at $246,000. Shilanski & Associates Inc. lifted its position in shares of Sasol by 7.3% during the 1st quarter. Shilanski & Associates Inc. now owns 14,504 shares of the oil and gas company’s stock valued at $351,000 after acquiring an additional 989 shares during the last quarter. Finally, Exane Derivatives acquired a new stake in shares of Sasol during the 1st quarter valued at $207,000. Institutional investors and hedge funds own 1.36% of the company’s stock.

Sasol Company Profile

(Get Rating)

Sasol Limited, together with its subsidiaries, operates as an integrated chemical and energy company in South Africa. The company operates through six segments: Mining, Gas, Fuels, Chemicals Africa, Chemicals America, and Chemicals Eurasia. It offers acetate, acrylate monomer, ammonia, carbon, chlor alkali, explosive, fertilizer, glycol ether, hydrocarbon blend, inorganic, ketone, mining, polymer, and wax chemicals, as well as lacquer thinners, light alcohols, and phenolics or cresylic acids.

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