What was Sasol’s highest share price? This question has been on the minds of many investors as the South African energy and chemical company has seen its stock price fluctuate significantly in recent years.
To answer this question, we need to delve into the historical data of Sasol’s share price. Luckily, we have access to two valuable resources:
- Investing.com’s Sasol Ltd Historical Price Data (SOLJ): This webpage provides daily historical data for Sasol’s share price, adjusted for splits and dividends, from 1982 to April 16, 2024.
- Yahoo Finance’s Sasol Ltd (SOL.JO) Historical Data: This webpage offers historical data for Sasol’s share price, including daily, weekly, and monthly intervals, from 1982 to April 16, 2024.
By analyzing these resources, we can determine the highest share price for Sasol and gain insights into its historical performance.
Analyzing the Data
According to Investing.com, the all-time high closing price for Sasol was 44.88 on July 23 2014. This peak coincided with a period of strong performance for the company, driven by high oil prices and a robust global economy.
However, the years following 2014 saw a significant decline in Sasol’s share price. This decline was primarily attributed to factors such as:
- Falling oil prices: The global oil price slump significantly impacted Sasol’s profitability, as the company relies heavily on oil and gas production.
- Operational challenges: Sasol faced several operational challenges, including cost overruns and project delays, which further eroded investor confidence.
- Economic slowdown: The global economic slowdown also contributed to the decline in Sasol’s share price, as it reduced demand for the company’s products.
Despite the challenges, Sasol’s share price has shown signs of recovery in recent years. As of April 16, 2024, the company’s share price closed at 15,955, representing a significant increase from its lows in 2017. This recovery can be attributed to several factors:
- Rising oil prices: The recent rebound in oil prices has boosted Sasol’s profitability and improved its financial outlook.
- Improved operational performance: Sasol has implemented measures to improve its operational efficiency and reduce costs, which has contributed to its improved financial performance.
- Positive market sentiment: The overall market sentiment towards energy companies has improved, leading to increased investor interest in Sasol.
Looking Ahead
While Sasol’s share price has recovered from its lows, it remains significantly below its all-time high. The company’s future performance will depend on several factors, including:
- Global oil prices: The trajectory of oil prices will continue to play a significant role in Sasol’s profitability.
- Operational efficiency: Sasol’s ability to improve its operational efficiency and reduce costs will be crucial for its long-term success.
- Economic growth: The global economic outlook will also impact demand for Sasol’s products and its overall financial performance.
Investors considering investing in Sasol should carefully analyze these factors and consider the company’s long-term prospects before making any investment decisions.
Sasol’s highest share price was 44.88, achieved on July 23, 2014. While the company’s share price has experienced significant fluctuations since then, it has shown signs of recovery in recent years. However, several factors will continue to influence Sasol’s future performance, and investors should carefully consider these factors before making any investment decisions.
Additional Information
In addition to the information provided above, here are some additional insights into Sasol’s share price:
- 52-week high: 26,967
- 52-week low: 13,226
- Average share price over the past 5 years: 18,450
- Market capitalization: 238.5 billion ZAR (as of April 16, 2024)
Disclaimer
The information provided in this article is for general knowledge and informational purposes only, and does not constitute financial advice. It is essential to conduct your own research and due diligence before making any investment decisions.
Sasol has revealed that Sasol Khanyisa, a new proposed Broad-Based Black Economic Empowerment (B-BBEE) ownership structure, will be put to a vote by shareholders in November of this year. The goal of Sasol Khanyisa, a fully-owned subsidiary of Sasol, is to attain effective direct and indirect B-BBEE ownership of at least 25% of Sasol South Africa. For further information about what this means for you as a shareholder of Sasol Inzalo Groups Limited, please click on the videos below. You can also view the infographic by clicking here.
2008 saw the world economy expand at a healthy rate, and a favorable commodity cycle helped the South African economy flourish. It was against this backdrop that Sasol Inzalo was born. Our main goal was to make Sasol truly broad-based by giving many black South Africans the chance to own a share of the company.
In September 2008, Sasol Inzalo was launched at a share price of R366 for Sasol. Since then, fluctuations in the price of crude oil and other commodities have affected the share price, which peaked in 2014 at R632 per share and fell as low as R252 per share in 2009. Today the share price is around R400.
The increase in share price as of right now hasn’t been sufficient to settle the funding There is no net value created for Sasol Inzalo participants at the current share price of about R400. On behalf of Sasol Inzalo Groups and Sasol Inzalo Public, Sasol is dedicated to paying off the remaining guaranteed debt at the conclusion of Sasol Inzalo
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | R170.96 |
| 52 Week High | R269.67 |
| 52 Week Low | R132.26 |
| Beta | 2.21 |
| 1 Month Change | 16.30% |
| 3 Month Change | 1.53% |
| 1 Year Change | -31.48% |
| 3 Year Change | -24.07% |
| 5 Year Change | -63.97% |
| Change since IPO | 850.82% |
Should you buy shares in Sasol? (10X in 2 years!)
FAQ
What was the price of Sasol stock in 2014?
Who is the largest shareholder of Sasol?
|
Name
|
Equities
|
%
|
|
Public Investment Corporation (SOC) Ltd. 18.78 %
|
119,904,480
|
18.78 %
|
|
Industrial Development Corp. of South Africa Ltd. 8.341 %
|
53,266,887
|
8.341 %
|
|
M&G Investment Managers (Pty) Ltd. 2.257 %
|
14,413,781
|
2.257 %
|
|
Old Mutual Investment Group (Pty) Ltd. 0.9887 %
|
6,314,226
|
0.9887 %
|
Are Sasol shares worth buying?
Why are Sasol shares dropping?
What is the average Sasol stock price?
The average Sasol stock price for the last 52 weeks is 11.82. For more information on how our historical price data is adjusted see the Stock Price Adjustment Guide. Sasol Limited is engaged in the mining and processing of coal. It also produces chemicals, explores for and refines crude oil, and manufactures fertilizers and explosives.
What is the Sasol 52-week low stock price?
The Sasol 52-week low stock price is 7.30, which is 6.9% below the current share price. The average Sasol stock price for the last 52 weeks is 11.82. For more information on how our historical price data is adjusted see the Stock Price Adjustment Guide. Sasol Limited is engaged in the mining and processing of coal.
Can I track Sasol Limited financials in a yearly and quarterly report?
Yes, you can track SASOL LIMITED financials in yearly and quarterly reports right on TradingView. How to buy SASOL LIMITED stocks? Like other stocks, SOL shares are traded on stock exchanges, e.g. Nasdaq, Nyse, Euronext, and the easiest way to buy them is through an online stock broker.
Where is Sasol listed?
Sasol is listed on the Johannesburg Stock Exchange (JSE) and the New York Stock Exchange (NYSE). Sasol is committed to sustainability, supporting the Paris Agreement and accelerating our transition to Net Zero emissions ambition by 2050. Consensus forecasts are supplied by third party analysts and calculated by our data feed providers.