TRUE Private Wealth Advisors acquired a new stake in shares of Sasol Limited (NYSE:SSL) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 5,240 shares of the oil and gas company’s stock, valued at approximately $202,000.
Other institutional investors have also recently bought and sold shares of the company. Russell Investments Group Ltd. purchased a new stake in Sasol during the second quarter valued at $2,895,000. Signaturefd LLC increased its position in Sasol by 29.2% in the second quarter. Signaturefd LLC now owns 7,184 shares of the oil and gas company’s stock worth $263,000 after buying an additional 1,625 shares in the last quarter. Paloma Partners Management Co purchased a new stake in Sasol in the second quarter worth about $635,000. Royal Bank of Canada increased its position in Sasol by 3.7% in the first quarter. Royal Bank of Canada now owns 80,652 shares of the oil and gas company’s stock worth $2,746,000 after buying an additional 2,856 shares in the last quarter. Finally, ARGA Investment Management LP increased its position in Sasol by 3.0% in the second quarter. ARGA Investment Management LP now owns 256,750 shares of the oil and gas company’s stock worth $9,382,000 after buying an additional 7,550 shares in the last quarter. Institutional investors own 2.10% of the company’s stock.
Shares of SSL opened at $35.30 on Friday. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.36 and a quick ratio of 0.87. The stock has a market capitalization of $23.89 billion, a price-to-earnings ratio of 17.06, a P/E/G ratio of 1.42 and a beta of 0.94. Sasol Limited has a 52 week low of $28.31 and a 52 week high of $39.73.
The business also recently declared a semiannual dividend, which was paid on Thursday, September 20th. Shareholders of record on Friday, September 7th were given a $0.5577 dividend. This represents a yield of 2.92%. The ex-dividend date of this dividend was Thursday, September 6th. Sasol’s payout ratio is 38.16%.
A number of analysts have commented on the company. ValuEngine upgraded Sasol from a “hold” rating to a “buy” rating in a research report on Tuesday, July 10th. Zacks Investment Research upgraded Sasol from a “sell” rating to a “hold” rating in a research report on Friday, October 5th. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $41.00.
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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