Sasol (NYSE:SSL) Shares Gap Up to $7.31

Sasol Limited (NYSE:SSL)’s share price gapped up prior to trading on Monday . The stock had previously closed at $7.31, but opened at $7.92. Sasol shares last traded at $7.91, with a volume of 199,738 shares.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of Sasol from a “hold” rating to a “buy” rating in a research report on Friday, July 19th.

Sasol Stock Down 5.9 %

The firm’s fifty day moving average is $7.26 and its 200-day moving average is $7.74.

Institutional Investors Weigh In On Sasol

Several large investors have recently added to or reduced their stakes in the business. CWM LLC boosted its holdings in shares of Sasol by 819.9% during the 1st quarter. CWM LLC now owns 3,330 shares of the oil and gas company’s stock worth $26,000 after buying an additional 2,968 shares in the last quarter. Mather Group LLC. bought a new position in Sasol during the second quarter worth $28,000. Lindbrook Capital LLC grew its holdings in Sasol by 148.9% in the first quarter. Lindbrook Capital LLC now owns 4,817 shares of the oil and gas company’s stock worth $38,000 after purchasing an additional 2,882 shares during the period. Blue Trust Inc. increased its stake in Sasol by 247.6% in the second quarter. Blue Trust Inc. now owns 4,849 shares of the oil and gas company’s stock valued at $38,000 after purchasing an additional 3,454 shares in the last quarter. Finally, EverSource Wealth Advisors LLC raised its holdings in shares of Sasol by 3,112.4% during the first quarter. EverSource Wealth Advisors LLC now owns 6,714 shares of the oil and gas company’s stock valued at $52,000 after purchasing an additional 6,505 shares during the period. Institutional investors and hedge funds 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.