Signaturefd LLC Lowers Stock Holdings in Sasol Limited (NYSE:SSL)

Signaturefd LLC cut its stake in shares of Sasol Limited (NYSE:SSL) by 48.8% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 2,761 shares of the oil and gas company’s stock after selling 2,636 shares during the period. Signaturefd LLC’s holdings in Sasol were worth $27,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. International Assets Investment Management LLC purchased a new stake in shares of Sasol during the 4th quarter valued at $1,400,000. Ritholtz Wealth Management grew its stake in shares of Sasol by 5.6% during the 4th quarter. Ritholtz Wealth Management now owns 53,000 shares of the oil and gas company’s stock valued at $527,000 after buying an additional 2,812 shares during the period. Citigroup Inc. purchased a new stake in shares of Sasol during the 3rd quarter valued at $212,000. American Century Companies Inc. grew its stake in shares of Sasol by 13.9% during the 3rd quarter. American Century Companies Inc. now owns 387,880 shares of the oil and gas company’s stock valued at $5,302,000 after buying an additional 47,446 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of Sasol by 10.2% during the 3rd 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 buying an additional 100,789 shares during the period. 1.21% of the stock is owned by hedge funds and other institutional investors.

Sasol Stock Up 4.5 %

Shares of Sasol stock opened at $7.05 on Friday. The company has a fifty day moving average price of $7.76 and a 200 day moving average price of $9.43. Sasol Limited has a twelve month low of $6.74 and a twelve month high of $14.49.

Sasol Cuts Dividend

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

Wall Street Analysts Forecast Growth

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

Sasol 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.