Sasol Limited (SSL) Holdings Cut by Barclays PLC

Barclays PLC lessened its stake in Sasol Limited (NYSE:SSL) by 45.0% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,832 shares of the oil and gas company’s stock after selling 14,571 shares during the quarter. Barclays PLC’s holdings in Sasol were worth $521,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Quadrant Capital Group LLC raised its stake in shares of Sasol by 221.3% during 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 purchasing an additional 5,176 shares during the period. Bamco Inc. NY increased its stake in shares of Sasol by 7.3% in the third quarter. Bamco Inc. NY now owns 764,281 shares of the oil and gas company’s stock worth $29,532,000 after buying an additional 52,300 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in 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 worth $5,424,000 after purchasing an additional 108,799 shares during the period. Connor Clark & Lunn Investment Management Ltd. acquired a new position in Sasol in the third quarter worth $549,000. Finally, Csenge Advisory Group acquired a new position in Sasol in the third quarter worth $87,000. Institutional investors and hedge funds own 2.14% of the company’s stock.

A number of research firms have commented on SSL. Zacks Investment Research raised shares of Sasol from a “sell” rating to a “buy” rating and set a $34.00 price objective for the company in a report on Tuesday, January 29th. Macquarie downgraded shares of Sasol from an “outperform” rating to a “neutral” rating in a report on Friday, February 8th. Finally, Bank of America downgraded shares of Sasol from a “buy” rating to a “neutral” rating in a report on Monday, February 11th. One analyst has rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $20.75.

Shares of SSL traded down $0.37 during trading hours on Monday, reaching $32.87. The company’s stock had a trading volume of 238,500 shares, compared to its average volume of 198,869. The company has a market capitalization of $21.48 billion, a price-to-earnings ratio of 15.88, a P/E/G ratio of 2.49 and a beta of 0.83. Sasol Limited has a 1-year low of $27.40 and a 1-year high of $39.73. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.57 and a quick ratio of 0.96.

The company also recently declared a semiannual dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 15th were paid a $0.4263 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This represents a dividend yield of 2.81%. Sasol’s payout ratio is 29.47%.

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About Sasol

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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Institutional Ownership by Quarter for Sasol (NYSE:SSL)

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