Dynamic Technology Lab Private Ltd bought a new position in shares of Sasol Limited (NYSE:SSL – Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 46,291 shares of the oil and gas company’s stock, valued at approximately $460,000.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of Sasol by 10.2% during the third 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. Canada Pension Plan Investment Board purchased a new stake in Sasol during the third quarter valued at about $1,059,000. Barclays PLC boosted its holdings in shares of Sasol by 2,100.6% in the third quarter. Barclays PLC now owns 75,743 shares of the oil and gas company’s stock worth $1,035,000 after buying an additional 72,301 shares during the period. BNP Paribas Financial Markets increased its position in shares of Sasol by 7,100.7% in the fourth quarter. BNP Paribas Financial Markets now owns 65,814 shares of the oil and gas company’s stock worth $654,000 after acquiring an additional 64,900 shares in the last quarter. Finally, Jump Financial LLC raised its holdings in shares of Sasol by 218.7% during the fourth quarter. Jump Financial LLC now owns 83,712 shares of the oil and gas company’s stock valued at $832,000 after acquiring an additional 57,442 shares during the period. 1.21% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
Separately, StockNews.com cut shares of Sasol from a “strong-buy” rating to a “buy” rating in a research report on Monday, March 11th.
Get Our Latest Analysis on Sasol
Sasol Price Performance
NYSE:SSL opened at $7.22 on Friday. The business’s fifty day moving average price is $7.66 and its 200 day moving average price is $8.77. Sasol Limited has a 1-year low of $6.74 and a 1-year high of $14.49.
Sasol Cuts Dividend
The business also recently declared a semi-annual dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were given a $0.5248 dividend. This represents a dividend yield of 6.9%. The ex-dividend date was Thursday, March 14th.
About Sasol
(Free Report)
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.
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