FNY Investment Advisers LLC bought a new stake in shares of Sasol Limited (NYSE:SSL – Get Rating) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 15,942 shares of the oil and gas company’s stock, valued at approximately $250,000.
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Other institutional investors have also recently modified their holdings of the company. Connor Clark & Lunn Investment Management Ltd. lifted its position in Sasol by 131.9% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 467,072 shares of the oil and gas company’s stock valued at $7,356,000 after buying an additional 265,627 shares during the period. Renaissance Technologies LLC raised its stake in Sasol by 124.6% during the second quarter. Renaissance Technologies LLC now owns 137,000 shares of the oil and gas company’s stock valued at $3,159,000 after buying an additional 76,000 shares in the last quarter. Bank of America Corp DE boosted its holdings in shares of Sasol by 50.6% in the first quarter. Bank of America Corp DE now owns 190,889 shares of the oil and gas company’s stock valued at $4,616,000 after buying an additional 64,153 shares during the period. Cubist Systematic Strategies LLC boosted its stake in shares of Sasol by 313.3% in the third quarter. Cubist Systematic Strategies LLC now owns 78,904 shares of the oil and gas company’s stock valued at $1,243,000 after buying an additional 59,814 shares in the last quarter. Finally, Millennium Management LLC boosted its holdings in shares of Sasol by 549.2% in the second quarter. Millennium Management LLC now owns 67,729 shares of the oil and gas company’s stock valued at $1,562,000 after acquiring an additional 57,296 shares during the period. 1.10% of the shares are owned by hedge funds and other institutional investors.
Sasol stock rose 1.0%
NYSE SSL traded up $0.13 during trading hours on Friday, reaching $12.63. 134,951 shares of the company’s stock traded hands, compared to its average volume of 265,496. Sasol Limited has a 52-week low of $12.00 and a 52-week high of $28.36. The company has a debt-to-equity ratio of 0.60, a quick earnings ratio of 1.34 and a current ratio of 2.12. The business’s fifty day moving average price is $16.13 and its two hundred day moving average price is $16.67.
Sasol dividend announcement
The firm also recently disclosed a semiannual dividend, which will be paid on Friday, March 24th. Stockholders of record on Friday, March 10th will be paid a dividend of $0.3871 per share. This represents a dividend yield of 4.7%. The ex-dividend date is Thursday, March 9th.
Wall Street analysts forecast growth
Separately, StockNews.com upgraded Sasol from a “hold” rating to a “buy” rating in a report on Friday, March 10th.
Sasol Ltd. operates as a chemical and energy company engaged in the provision of integrated complex technologies and processes in operational facilities. It operates through Mining, Gas, Fuels, Chemicals Africa, Chemicals Eurasia and the Corporate Center. Energy Business Segments The company was founded in 1950 and is headquartered in Johannesburg, South Africa.
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