First Republic Investment Management Inc. acquired a new position in Sasol Limited (NYSE:SSL) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 6,922 shares of the oil and gas company’s stock, valued at approximately $237,000.
Other hedge funds also recently added to or reduced their stakes in the company. Arrowstreet Capital Limited Partnership grew its position in Sasol by 100.7% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 921,911 shares of the oil and gas company’s stock worth $31,539,000 after purchasing an additional 462,483 shares during the last quarter. BlackRock Inc. raised its stake in shares of Sasol by 204,062.5% in the fourth quarter. BlackRock Inc. now owns 16,333 shares of the oil and gas company’s stock worth $559,000 after acquiring an additional 16,325 shares during the last quarter. Greenleaf Trust raised its stake in shares of Sasol by 11.6% in the fourth quarter. Greenleaf Trust now owns 24,041 shares of the oil and gas company’s stock worth $822,000 after acquiring an additional 2,506 shares during the last quarter. Aperio Group LLC raised its stake in shares of Sasol by 17.5% in the fourth quarter. Aperio Group LLC now owns 300,963 shares of the oil and gas company’s stock worth $10,296,000 after acquiring an additional 44,752 shares during the last quarter. Finally, Comerica Bank raised its stake in shares of Sasol by 4.5% during the fourth quarter. Comerica Bank now owns 46,389 shares of the oil and gas company’s stock worth $1,702,000 after buying an additional 1,977 shares during the last quarter. Institutional investors own 2.10% of the company’s stock.
Sasol Limited (NYSE SSL) opened at $33.70 on Friday. The company has a quick ratio of 1.03, a current ratio of 1.56 and a debt-to-equity ratio of 0.36. Sasol Limited has a 1 year low of $26.92 and a 1 year high of $38.75.
The company also recently disclosed a special dividend, which will be paid on Thursday, March 29th. Shareholders of record on Friday, March 16th will be paid a dividend of $0.4268 per share. This represents a yield of 3.56%. This is an increase from Sasol’s previous special dividend of $0.08. The ex-dividend date is Thursday, March 15th.
A number of research analysts recently issued reports on the stock. ValuEngine cut shares of Sasol from a “buy” rating to a “hold” rating in a report on Wednesday, March 7th. Citigroup upgraded shares of Sasol from a “neutral” rating to a “buy” rating in a report on Wednesday, February 28th. Zacks Investment Research lowered shares of Sasol from a “buy” rating to a “hold” rating in a research report on Thursday, November 23rd. Finally, JPMorgan Chase & Co. raised shares of Sasol from a “neutral” rating to an “overweight” rating in a research report on Tuesday, February 13th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $34.00.
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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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