Sasol (NYSE:SSL) Hits New 12-Month Low at $7.09

Sasol Limited (NYSE:SSL)’s share price reached a new 52-week low on Tuesday . The company traded as low as $7.09 and last traded at $7.18, with a volume of 694744 shares trading hands. The stock had previously closed at $7.93.

Analysts Set New Price Targets

Separately, StockNews.com cut shares of Sasol from a “strong-buy” rating to a “buy” rating in a research note on Monday, March 11th.

Sasol Stock Performance

The business’s 50-day moving average is $7.91 and its 200 day moving average is $9.74.

Sasol Cuts Dividend

The firm also recently declared a semi-annual dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were given a dividend of $0.5248 per share. This represents a yield of 6.9%. The ex-dividend date was Thursday, March 14th.

Hedge Funds Weigh In On Sasol

Several hedge funds have recently bought and sold shares of SSL. SG Americas Securities LLC bought a new position in Sasol in the 3rd quarter valued at about $213,000. Advisor Partners II LLC grew its holdings in shares of Sasol by 126.6% during the 3rd quarter. Advisor Partners II LLC now owns 25,895 shares of the oil and gas company’s stock valued at $354,000 after purchasing an additional 14,465 shares during the last quarter. First Trust Direct Indexing L.P. grew its holdings in shares of Sasol by 13.4% during the 3rd quarter. First Trust Direct Indexing L.P. now owns 29,024 shares of the oil and gas company’s stock valued at $397,000 after purchasing an additional 3,424 shares during the last quarter. Knights of Columbus Asset Advisors LLC bought a new stake in shares of Sasol during the 3rd quarter valued at approximately $170,000. Finally, Signaturefd LLC grew its holdings in shares of Sasol by 27.3% during the 3rd quarter. Signaturefd LLC now owns 5,397 shares of the oil and gas company’s stock valued at $74,000 after purchasing an additional 1,156 shares during the last quarter. 1.21% of the stock is owned by institutional investors.

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.