Shares of Sasol Limited (NYSE:SSL – Get Free Report) gapped up prior to trading on Friday . The stock had previously closed at $4.15, but opened at $4.27. Sasol shares last traded at $4.33, with a volume of 107,568 shares.
Analyst Upgrades and Downgrades
Several equities research analysts have issued reports on the company. StockNews.com upgraded Sasol from a “hold” rating to a “buy” rating in a report on Thursday. Bank of America downgraded shares of Sasol from a “buy” rating to a “neutral” rating in a research note on Thursday, February 6th.
View Our Latest Stock Analysis on SSL
Sasol Stock Performance
Institutional Inflows and Outflows
Several institutional investors have recently modified their holdings of SSL. Lindbrook Capital LLC raised its holdings in Sasol by 76.8% during the 4th quarter. Lindbrook Capital LLC now owns 7,194 shares of the oil and gas company’s stock worth $33,000 after buying an additional 3,125 shares during the period. Apollon Wealth Management LLC purchased a new stake in shares of Sasol in the 4th quarter valued at approximately $46,000. Essential Planning LLC. acquired a new position in Sasol in the 4th quarter worth approximately $46,000. Sivia Capital Partners LLC acquired a new position in Sasol in the 4th quarter worth approximately $49,000. Finally, HighTower Advisors LLC purchased a new position in Sasol during the 4th quarter worth approximately $49,000. Institutional investors own 1.21% of the company’s stock.
Sasol Company Profile
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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