Parametric Portfolio Associates L recently announced the acquisition of new stake in Sasol Limited (NYSE:SSL). The institutional investor has increased its shareholding in the Energy company by 2.53% to 0.53 million shares with purchase of 12972.0 shares. This fresh investment now brings its stake to 0.08% valued currently at $8.27 million. In addition, Connor, Clark & Lunn Investment M raised its holdings by 0.27 million to 0.47 million shares. And Citadel Securities LLC has lifted its position by 815.30% or 0.2 million shares – to 0.22 million shares.
With over 0.31 million Sasol Limited (SSL) shares trading Tuesday and a closing price of $16.93 on the day, the dollar volume was approximately $5.24 million. The shares have shown a negative half year performance of -14.88% and its price on 01/17/23 lost nearly -2.42%. Currently, there are 625.20M common shares owned by the public and among those 540.21M shares have been available to trade.
The top 3 mutual fund holders in Sasol Limited are DFA Emerging Markets Core Equity, DFA Emerging Markets Series, and Avantis Emerging Markets Equity E. DFA Emerging Markets Core Equity owns 0.52 million shares of the company’s stock, all valued at over $8.13 million. DFA Emerging Markets Series sold 36698.0 shares to see its total holdings shrink to 0.5 million shares valued at over $7.87 million and representing 0.08% of the shares outstanding. Avantis Emerging Markets Equity E bought 824.0 shares to bring its total holdings to over 0.22 million shares at a value of $3.49 million. Avantis Emerging Markets Equity E now owns shares totaling to 0.04% of the shares outstanding.
Shares of Sasol Limited (NYSE: SSL) opened at $16.81, down -$0.54 from a prior closing price of $17.35. However, the script later moved the day high at 17.00, down -2.42%. The company’s stock has a 5-day price change of 3.93% and 1.74% over the past three months. SSL shares are trading 7.77% year to date (YTD), with the 12-month market performance down to -8.54% lower. It has a 12-month low price of $14.70 and touched a high of $28.36 over the same period. SSL has an average intraday trading volume of 224.65K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 6.55%, 3.61%, and -15.96% respectively.
Institutional ownership of Sasol Limited (NYSE: SSL) shares accounts for 1.20% of the company’s 625.20M shares outstanding. Mutual fund holders own 0.31%, while other institutional holders and individual stakeholders account for 0.86% and — respectively.
It has a market capitalization of $10.44B and a beta (3y monthly) value of 2.52. The stock’s trailing 12-month PE ratio is 4.63, while the earnings-per-share (ttm) stands at $3.66. Price movements for the stock have been influenced by the stock’s volatility, which stands at 1.88% over the week and 2.04% over the month.
The lowest estimate earnings-per-share for the quarter is $0 while analysts give the company a high EPS estimate of $0. EPS should shrink at an annualized rate of -0.90% over the next five years, compared to 13.00% over the past 5-year period.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 9 brokerage firm advisors rate Sasol Limited (SSL) as a “Strong Buy” at a consensus score of 1.00. Specifically, 6 Wall Street analysts polled rate the stock as a buy, while 3 of the 9 advise that investors “hold,” and 0 rated it as a “Sell.”
Citigroup on their part issued Buy rating on September 16, 2019.