Sasol Limited (NYSE:SSL) Shares Sold by Cerity Partners LLC

Cerity Partners LLC trimmed its holdings in Sasol Limited (NYSE:SSL) by 22.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 22,262 shares of the oil and gas company’s stock after selling 6,299 shares during the period. Cerity Partners LLC’s holdings in Sasol were worth $221,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in SSL. Connor Clark & Lunn Investment Management Ltd. grew its position in shares of Sasol by 10.2% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,085,272 shares of the oil and gas company’s stock valued at $14,836,000 after purchasing an additional 100,789 shares during the last quarter. American Century Companies Inc. increased its position in Sasol by 13.9% during the third quarter. American Century Companies Inc. now owns 387,880 shares of the oil and gas company’s stock worth $5,302,000 after buying an additional 47,446 shares in the last quarter. Canada Pension Plan Investment Board acquired a new position in shares of Sasol in the third quarter worth $1,059,000. Barclays PLC lifted its position in shares of Sasol by 2,100.6% in the third quarter. Barclays PLC now owns 75,743 shares of the oil and gas company’s stock valued at $1,035,000 after acquiring an additional 72,301 shares in the last quarter. Finally, Ritholtz Wealth Management boosted its stake in shares of Sasol by 5.6% during the fourth quarter. Ritholtz Wealth Management now owns 53,000 shares of the oil and gas company’s stock valued at $527,000 after acquiring an additional 2,812 shares during the last quarter. 1.21% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded shares of Sasol from a “strong-buy” rating to a “buy” rating in a research note on Monday, March 11th.

Sasol Price Performance

Shares of SSL opened at $7.15 on Tuesday. Sasol Limited has a 1 year low of $6.78 and a 1 year high of $14.49. The company’s 50 day simple moving average is $7.81 and its 200 day simple moving average is $9.52.

Sasol Cuts Dividend

The firm also recently declared a semi-annual dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were paid a dividend of $0.5248 per share. This represents a dividend yield of 6.9%. The ex-dividend date of this dividend was Thursday, March 14th.

Sasol Company Profile

Sasol Limited operates as an integrated chemical and energy company in South Africa. It offers alumina, such as battery materials, catalyst supports, abrasives and polishing, and polymer additives; cobalt fischer-tropsch; carbon-based products; recarburiser; graphite electrodes; mono-ethylene glycol, ethylene, propylene, sasfroth blends, sodium cyanide, caustic soda, hydrochloric acid, sulfuric acid, calcium chloride, chlorine, alcohols, aromatic blends, methyl alcohol, polyethylene, polypropylene, polyvinyl chloride, cresols, xylenols, phenols, limestone ammonium nitrate, ammonium nitrate solution, and nitric acid.