International Assets Investment Management LLC Buys Shares of 13,916 Sasol Limited (NYSE:SSL)

International Assets Investment Management LLC purchased a new position in shares of Sasol Limited (NYSE:SSL) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 13,916 shares of the oil and gas company’s stock, valued at approximately $1,400,000.

Other institutional investors have also modified their holdings of the company. Captrust Financial Advisors boosted its position in Sasol by 148.3% during the second quarter. Captrust Financial Advisors now owns 1,490 shares of the oil and gas company’s stock worth $34,000 after acquiring an additional 890 shares during the last quarter. Quantbot Technologies LP acquired a new position in Sasol during the second quarter worth approximately $57,000. Coppell Advisory Solutions LLC purchased a new position in Sasol during the second quarter worth approximately $31,000. Tower Research Capital LLC TRC boosted its holdings in shares of Sasol by 700.3% in the 3rd quarter. Tower Research Capital LLC TRC now owns 3,081 shares of the oil and gas company’s stock valued at $48,000 after purchasing an additional 2,696 shares during the last quarter. Finally, Signaturefd LLC raised its holdings in Sasol by 27.3% in the third quarter. Signaturefd LLC now owns 5,397 shares of the oil and gas company’s stock valued at $74,000 after buying an additional 1,156 shares during the period. Institutional investors and hedge funds own 1.21% of the company’s stock.

Analysts Set New Price Targets

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

Sasol Stock Down 1.0 %

Shares of NYSE SSL opened at $8.20 on Monday. Sasol Limited has a 1-year low of $7.10 and a 1-year high of $14.49. The business’s fifty day moving average price is $7.91 and its two-hundred day moving average price is $9.77.

Sasol Cuts Dividend

The firm also recently disclosed a semi-annual dividend, which was paid on Friday, March 29th. Stockholders 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 dividend yield of 6.9%.

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.