Van ECK Associates Corp increased its stake in shares of Sasol Limited (NYSE:SSL) by 7.9% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 38,115 shares of the oil and gas company’s stock after acquiring an additional 2,801 shares during the period. Van ECK Associates Corp’s holdings in Sasol were worth $1,393,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. BNP Paribas Arbitrage SA raised its stake in Sasol by 65.3% in the first quarter. BNP Paribas Arbitrage SA now owns 5,548 shares of the oil and gas company’s stock valued at $189,000 after buying an additional 2,191 shares during the period. Signaturefd LLC bought a new stake in Sasol in the first quarter valued at approximately $189,000. Trexquant Investment LP bought a new stake in Sasol in the first quarter valued at approximately $236,000. Eqis Capital Management Inc. bought a new stake in Sasol in the second quarter valued at approximately $304,000. Finally, Liberty Mutual Group Asset Management Inc. bought a new stake in Sasol in the second quarter valued at approximately $557,000. Institutional investors and hedge funds own 2.10% of the company’s stock.
Several analysts have issued reports on SSL shares. ValuEngine lowered Sasol from a “buy” rating to a “hold” rating in a research note on Thursday, August 2nd. UBS Group upgraded Sasol from a “neutral” rating to a “buy” rating in a research note on Friday, June 1st. Deutsche Bank lowered Sasol from a “buy” rating to a “hold” rating in a research note on Friday, May 25th. Finally, Deutsche Bank lowered Sasol from a “buy” rating to a “hold” rating in a research note on Tuesday, May 22nd. Three research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $43.00.
The company also recently announced a semiannual dividend, which will be paid on Thursday, September 20th. Stockholders of record on Friday, September 7th will be paid a dividend of $0.5577 per share. The ex-dividend date is Thursday, September 6th. This represents a dividend yield of 2.92%. Sasol’s dividend payout ratio (DPR) is currently 38.16%.
Sasol Company Profile
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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