Dorsey Wright & Associates bought a new stake in Sasol Limited (NYSE:SSL) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 152,544 shares of the oil and gas company’s stock, valued at approximately $5,894,000.
Other large investors have also recently bought and sold shares of the company. Northern Trust Corp lifted its holdings in shares of Sasol by 9.1% in the 1st quarter. Northern Trust Corp now owns 290,920 shares of the oil and gas company’s stock worth $9,900,000 after acquiring an additional 24,226 shares during the last quarter. BNP Paribas Arbitrage SA lifted its holdings in shares of Sasol by 65.3% in the 1st quarter. BNP Paribas Arbitrage SA now owns 5,548 shares of the oil and gas company’s stock worth $189,000 after acquiring an additional 2,191 shares during the last quarter. Guggenheim Capital LLC lifted its holdings in shares of Sasol by 8.0% in the 1st quarter. Guggenheim Capital LLC now owns 55,379 shares of the oil and gas company’s stock worth $1,884,000 after acquiring an additional 4,082 shares during the last quarter. Royal Bank of Canada lifted its holdings in shares of Sasol by 3.7% in the 1st quarter. Royal Bank of Canada now owns 80,652 shares of the oil and gas company’s stock worth $2,746,000 after acquiring an additional 2,856 shares during the last quarter. Finally, Eqis Capital Management Inc. acquired a new position in shares of Sasol in the 2nd quarter worth approximately $304,000. Institutional investors own 2.10% of the company’s stock.
Shares of SSL stock traded up $0.69 during trading hours on Friday, hitting $36.01. The company had a trading volume of 189,100 shares, compared to its average volume of 218,231. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.87 and a current ratio of 1.36. Sasol Limited has a fifty-two week low of $28.31 and a fifty-two week high of $39.73. The firm has a market cap of $25.17 billion, a P/E ratio of 17.43, a P/E/G ratio of 1.54 and a beta of 0.94.
The business also recently disclosed a semiannual dividend, which was paid on Thursday, September 20th. Stockholders of record on Friday, September 7th were issued a $0.5577 dividend. The ex-dividend date of this dividend was Thursday, September 6th. This represents a dividend yield of 2.92%. Sasol’s dividend payout ratio is currently 38.16%.
Several equities analysts have recently commented on the stock. ValuEngine upgraded shares of Sasol from a “hold” rating to a “buy” rating in a report on Tuesday, July 10th. Zacks Investment Research upgraded shares of Sasol from a “sell” rating to a “hold” rating in a report on Friday, October 5th. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Sasol presently has an average rating of “Buy” and an average target price of $43.00.
Sasol Limited operates as an integrated chemical and energy company in South Africa. The company operates through Mining, Exploration and Production International, Energy, Base Chemicals, and Performance Chemicals segments. It operates coal mines; and develops and manages upstream interests in oil and gas exploration and production in Mozambique, South Africa, Australia, Canada, Gabon, and Australia.
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