Sasol (NYSE:SSL) Sets New 1-Year Low at $6.77

Sasol Limited (NYSE:SSL)’s share price hit a new 52-week low during trading on Thursday . The company traded as low as $6.77 and last traded at $6.77, with a volume of 487009 shares traded. The stock had previously closed at $6.94.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded 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 simple moving average is $7.78 and its 200 day simple moving average is $9.45.

Sasol Cuts Dividend

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

Institutional Trading of Sasol

A number of hedge funds and other institutional investors have recently modified their holdings of SSL. Connor Clark & Lunn Investment Management Ltd. increased its holdings in Sasol by 10.2% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,085,272 shares of the oil and gas company’s stock valued at $14,836,000 after purchasing an additional 100,789 shares during the last quarter. American Century Companies Inc. boosted its position in shares of Sasol by 13.9% during the third quarter. American Century Companies Inc. now owns 387,880 shares of the oil and gas company’s stock worth $5,302,000 after buying an additional 47,446 shares during the period. Jump Financial LLC grew its stake in shares of Sasol by 218.7% in the fourth quarter. Jump Financial LLC now owns 83,712 shares of the oil and gas company’s stock valued at $832,000 after buying an additional 57,442 shares in the last quarter. Canada Pension Plan Investment Board purchased a new stake in shares of Sasol in the 3rd quarter valued at $1,059,000. Finally, Barclays PLC lifted its stake in Sasol by 2,100.6% during the 3rd quarter. Barclays PLC now owns 75,743 shares of the oil and gas company’s stock worth $1,035,000 after acquiring an additional 72,301 shares in the last quarter. 1.21% of the stock is owned by institutional investors and hedge funds.

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.