A.R.T. Advisors LLC acquired a new stake in shares of Sasol Limited (NYSE:SSL) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 8,000 shares of the company’s stock, valued at approximately $228,000.
A number of other hedge funds have also modified their holdings of the stock. Creative Planning raised its stake in shares of Sasol Limited by 32.1% in the third quarter. Creative Planning now owns 4,148 shares of the company’s stock valued at $113,000 after buying an additional 1,009 shares during the last quarter. Advisor Group Inc. raised its stake in shares of Sasol Limited by 24.0% in the third quarter. Advisor Group Inc. now owns 5,040 shares of the company’s stock valued at $137,000 after buying an additional 977 shares during the last quarter. Independent Portfolio Consultants Inc. raised its stake in shares of Sasol Limited by 4.8% in the third quarter. Independent Portfolio Consultants Inc. now owns 5,854 shares of the company’s stock valued at $160,000 after buying an additional 270 shares during the last quarter. Commerzbank Aktiengesellschaft FI acquired a new stake in shares of Sasol Limited during the fourth quarter valued at approximately $203,000. Finally, Tower Research Capital LLC TRC raised its stake in shares of Sasol Limited by 706.6% in the third quarter. Tower Research Capital LLC TRC now owns 7,574 shares of the company’s stock valued at $207,000 after buying an additional 6,635 shares during the last quarter. 3.85% of the stock is currently owned by institutional investors.
Shares of Sasol Limited (NYSE:SSL) opened at 28.54 on Tuesday. Sasol Limited has a 52 week low of $24.85 and a 52 week high of $33.31. The firm has a market capitalization of $81.00 million, a price-to-earnings ratio of 15.72 and a beta of 0.93. The stock has a 50 day moving average price of $28.71 and a 200-day moving average price of $27.97.
The company also recently announced a semiannual dividend, which will be paid on Thursday, March 30th. Investors of record on Friday, March 17th will be given a $0.277 dividend. The ex-dividend date of this dividend is Wednesday, March 15th. This represents a dividend yield of 2.57%.
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Separately, Zacks Investment Research raised Sasol Limited from a “sell” rating to a “hold” rating in a report on Thursday, March 2nd. One research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Sasol Limited presently has a consensus rating of “Buy” and a consensus price target of $35.00.
Sasol Limited Company Profile
Sasol Limited is an international integrated chemicals and energy company. The Company develops and commercializes technologies, and builds and operates facilities to produce a range of product streams, including liquid fuels, chemicals and low-carbon electricity. The Company’s operating business units include Mining and, Exploration and Production International.
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