Sasol Limited (NYSE:SSL) Shares Sold by First Trust Direct Indexing L.P.

First Trust Direct Indexing L.P. trimmed its position in Sasol Limited (NYSE:SSL) by 20.5% during the fourth quarter, Holdings Channel.com reports. The firm owned 23,074 shares of the oil and gas company’s stock after selling 5,950 shares during the period. First Trust Direct Indexing L.P.’s holdings in Sasol were worth $229,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the company. International Assets Investment Management LLC purchased a new position in shares of Sasol during the fourth quarter valued at approximately $1,400,000. Ritholtz Wealth Management boosted its holdings 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 worth $527,000 after purchasing an additional 2,812 shares during the last quarter. Citigroup Inc. purchased a new stake in shares of Sasol in the third quarter valued at $212,000. American Century Companies Inc. lifted 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 during the period. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its stake in Sasol by 10.2% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,085,272 shares of the oil and gas company’s stock worth $14,836,000 after buying an additional 100,789 shares during the last quarter. 1.21% of the stock is owned by institutional investors and hedge funds.

Sasol Stock Up 0.3 %

Shares of SSL opened at $7.22 on Wednesday. The stock’s fifty day simple moving average is $7.73 and its 200 day simple moving average is $9.24. Sasol Limited has a twelve month low of $6.74 and a twelve month high of $14.49.

Sasol Cuts Dividend

The company also recently announced a semi-annual dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were issued 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.

Analysts Set New Price Targets

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

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.