Teachers Retirement System of The State of Kentucky Reduces Position in Sasol Limited (NYSE:SSL)

Teachers Retirement System of The State of Kentucky decreased its stake in Sasol Limited (NYSE:SSLGet Rating) by 10.2% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 163,020 shares of the oil and gas company’s stock after selling 18,600 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Sasol were worth $3,942,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Quadrant Capital Group LLC boosted its holdings in shares of Sasol by 22.4% in the 1st quarter. Quadrant Capital Group LLC now owns 3,651 shares of the oil and gas company’s stock valued at $88,000 after buying an additional 667 shares in the last quarter. Prospera Financial Services Inc acquired a new position in shares of Sasol in the 1st quarter valued at $126,000. Exane Derivatives acquired a new position in shares of Sasol in the 1st quarter valued at $207,000. NorthCrest Asset Manangement LLC acquired a new position in shares of Sasol in the 1st quarter valued at $207,000. Finally, Mairs & Power Inc. acquired a new position in shares of Sasol in the 1st quarter valued at $208,000. Institutional investors and hedge funds own 1.36% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. StockNews.com upgraded shares of Sasol from a “hold” rating to a “buy” rating in a report on Friday. Morgan Stanley cut shares of Sasol from an “overweight” rating to an “equal weight” rating in a research note on Tuesday, June 14th.

Sasol Stock Performance

Shares of NYSE:SSL opened at $17.64 on Monday. The firm has a fifty day moving average price of $20.16 and a 200 day moving average price of $22.81. The company has a current ratio of 1.44, a quick ratio of 0.99 and a debt-to-equity ratio of 0.50. Sasol Limited has a 1-year low of $14.67 and a 1-year high of $28.36.

Sasol Announces Dividend

The firm also recently declared an annual dividend, which will be paid on Friday, September 23rd. Investors of record on Friday, September 9th will be paid a dividend of $0.8716 per share. This represents a yield of 3.6%. The ex-dividend date of this dividend is Thursday, September 8th.

Sasol Company Profile

(Get Rating)

Sasol Limited, together with its subsidiaries, operates as an integrated chemical and energy company in South Africa. The company operates through six segments: Mining, Gas, Fuels, Chemicals Africa, Chemicals America, and Chemicals Eurasia. It offers acetate, acrylate monomer, ammonia, carbon, chlor alkali, explosive, fertilizer, glycol ether, hydrocarbon blend, inorganic, ketone, mining, polymer, and wax chemicals, as well as lacquer thinners, light alcohols, and phenolics or cresylic acids.

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Institutional Ownership by Quarter for Sasol (NYSE:SSL)

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