Northern Trust Corp trimmed its position in Sasol Limited (NYSE:SSL) by 9.2% during the fourth quarter, HoldingsChannel reports. The firm owned 247,563 shares of the oil and gas company’s stock after selling 25,228 shares during the quarter. Northern Trust Corp’s holdings in Sasol were worth $7,251,000 as of its most recent SEC filing.
Several other institutional investors have also recently modified their holdings of SSL. Quadrant Capital Group LLC increased its position in shares of Sasol by 221.3% in the fourth quarter. Quadrant Capital Group LLC now owns 7,515 shares of the oil and gas company’s stock valued at $215,000 after acquiring an additional 5,176 shares during the last quarter. Bank of New York Mellon Corp increased its position in shares of Sasol by 274.5% in the second quarter. Bank of New York Mellon Corp now owns 148,441 shares of the oil and gas company’s stock valued at $5,424,000 after acquiring an additional 108,799 shares during the last quarter. Csenge Advisory Group acquired a new stake in shares of Sasol in the third quarter valued at about $87,000. Advisors Asset Management Inc. increased its position in shares of Sasol by 160.8% in the third quarter. Advisors Asset Management Inc. now owns 25,870 shares of the oil and gas company’s stock valued at $1,000,000 after acquiring an additional 15,950 shares during the last quarter. Finally, Mackenzie Financial Corp acquired a new stake in shares of Sasol in the fourth quarter valued at about $577,000. Institutional investors own 2.12% of the company’s stock.
A number of research firms recently issued reports on SSL. Macquarie downgraded Sasol from an “outperform” rating to a “neutral” rating in a research report on Friday, February 8th. Zacks Investment Research raised Sasol from a “sell” rating to a “buy” rating and set a $34.00 target price on the stock in a research report on Tuesday, January 29th. Finally, Bank of America downgraded Sasol from a “buy” rating to a “neutral” rating in a research report on Monday, February 11th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $20.75.
Shares of NYSE SSL opened at $33.76 on Wednesday. The company has a market cap of $21.65 billion, a price-to-earnings ratio of 16.31, a price-to-earnings-growth ratio of 2.52 and a beta of 0.83. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.96 and a current ratio of 1.57. Sasol Limited has a twelve month low of $27.40 and a twelve month high of $39.73.
The firm also recently declared a semiannual dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 15th were given a dividend of $0.4263 per share. This represents a yield of 2.81%. The ex-dividend date of this dividend was Thursday, March 14th. Sasol’s dividend payout ratio (DPR) is presently 29.47%.
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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