Sasol Limited (NYSE:SSL – Get Free Report)’s stock price hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as $5.98 and last traded at $5.98, with a volume of 85815 shares traded. The stock had previously closed at $6.24.
Wall Street Analyst Weigh In
Separately, StockNews.com raised shares of Sasol from a “hold” rating to a “buy” rating in a research note on Thursday, August 29th.
Check Out Our Latest Stock Report on SSL
Sasol Price Performance
Institutional Investors Weigh In On Sasol
Several large investors have recently bought and sold shares of SSL. Virtu Financial LLC purchased a new stake in shares of Sasol during the 1st quarter worth $199,000. O Shaughnessy Asset Management LLC increased 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 acquiring an additional 1,900 shares during the last quarter. Tidal Investments LLC acquired a new stake in shares of Sasol during the 1st quarter worth about $270,000. PDS Planning Inc purchased a new stake in Sasol during the first quarter worth approximately $79,000. Finally, Lazard Asset Management LLC acquired a new position in Sasol in the first quarter valued at approximately $275,000. Hedge funds and other institutional investors 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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