Encompass Capital Advisors LLC Takes Position in Standard Lithium Ltd. $SLI

Encompass Capital Advisors LLC bought a new stake in Standard Lithium Ltd. (NYSEAMERICAN:SLI) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 8,053,722 shares of the company’s stock, valued at approximately $36,000,000. Standard Lithium accounts for 1.5% of Encompass Capital Advisors LLC’s investment portfolio, making the stock its 23rd largest holding. Encompass Capital Advisors LLC owned about 3.33% of Standard Lithium at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Van ECK Associates Corp acquired a new stake in Standard Lithium in the 4th quarter valued at about $69,461,000. Invesco Ltd. increased its stake in shares of Standard Lithium by 15.2% during the third quarter. Invesco Ltd. now owns 2,517,414 shares of the company’s stock worth $8,484,000 after buying an additional 331,995 shares during the period. Burkehill Global Management LP purchased a new stake in shares of Standard Lithium during the fourth quarter worth approximately $8,940,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Standard Lithium by 2.1% in the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,641,489 shares of the company’s stock valued at $5,636,000 after acquiring an additional 33,540 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its holdings in Standard Lithium by 429.5% in the fourth quarter. Goldman Sachs Group Inc. now owns 1,298,043 shares of the company’s stock valued at $5,802,000 after acquiring an additional 1,052,878 shares in the last quarter. 16.70% of the stock is owned by institutional investors and hedge funds.

Standard Lithium Stock Performance

Shares of NYSEAMERICAN SLI opened at $3.49 on Thursday. The stock’s 50-day simple moving average is $3.74 and its 200-day simple moving average is $4.23. The firm has a market capitalization of $850.37 million, a PE ratio of -15.86 and a beta of 1.75. Standard Lithium Ltd. has a fifty-two week low of $1.77 and a fifty-two week high of $6.40.

Wall Street Analysts Forecast Growth

Separately, Evercore initiated coverage on shares of Standard Lithium in a report on Wednesday, April 29th. They set an “outperform” rating and a $4.75 price target for the company. Four analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company has an average rating of “Buy” and an average price target of $5.13.

About Standard Lithium

Standard Lithium (NYSEAMERICAN: SLI) is a mineral exploration and development company focused on the extraction of lithium from sedimentary brine resources. Utilizing direct lithium extraction (DLE) processes, the company aims to deliver high-purity lithium carbonate and lithium hydroxide suitable for the battery and electric vehicle markets. Standard Lithium’s technology is designed to accelerate lithium recovery rates while minimizing environmental impact compared to traditional solar evaporation methods.

The company’s flagship project is located in the Smackover Formation of southern Arkansas, in collaboration with chemical producer LANXESS.