Guggenheim Capital LLC Increases Stake in Sasol Limited (SSL)

Guggenheim Capital LLC increased its holdings in Sasol Limited (NYSE:SSL) by 9.7% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 51,297 shares of the oil and gas company’s stock after purchasing an additional 4,517 shares during the period. Guggenheim Capital LLC’s holdings in Sasol were worth $1,755,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the company. Bamco Inc. NY boosted its stake in shares of Sasol by 35.4% in the 4th quarter. Bamco Inc. NY now owns 619,954 shares of the oil and gas company’s stock valued at $21,209,000 after purchasing an additional 162,211 shares in the last quarter. Brown Capital Management LLC boosted its stake in shares of Sasol by 5.8% in the 4th quarter. Brown Capital Management LLC now owns 565,045 shares of the oil and gas company’s stock valued at $19,330,000 after purchasing an additional 30,988 shares in the last quarter. ARGA Investment Management LP boosted its stake in shares of Sasol by 151.7% in the 4th quarter. ARGA Investment Management LP now owns 249,200 shares of the oil and gas company’s stock valued at $8,525,000 after purchasing an additional 150,200 shares in the last quarter. First Republic Investment Management Inc. purchased a new stake in shares of Sasol in the 4th quarter valued at $237,000. Finally, Arrowstreet Capital Limited Partnership boosted its stake in shares of Sasol by 100.7% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 921,911 shares of the oil and gas company’s stock valued at $31,539,000 after purchasing an additional 462,483 shares in the last quarter. 2.10% of the stock is owned by institutional investors.

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NYSE:SSL opened at $36.87 on Thursday. Sasol Limited has a 52 week low of $26.92 and a 52 week high of $38.75. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.56 and a quick ratio of 1.03. The firm has a market cap of $22,989.18, a P/E ratio of 14.29, a PEG ratio of 9.95 and a beta of 0.90.

The company also recently declared a special dividend, which was paid on Thursday, March 29th. Investors of record on Friday, March 16th were issued a dividend of $0.4268 per share. This is a positive change from Sasol’s previous special dividend of $0.08. This represents a yield of 3.56%. The ex-dividend date was Thursday, March 15th. Sasol’s dividend payout ratio is currently 24.03%.

A number of brokerages have recently issued reports on SSL. Citigroup raised shares of Sasol from a “neutral” rating to a “buy” rating in a research note on Wednesday, February 28th. JPMorgan Chase upgraded shares of Sasol from a “neutral” rating to an “overweight” rating in a report on Tuesday, February 13th. UBS upgraded shares of Sasol from a “sell” rating to a “neutral” rating in a report on Wednesday, April 4th. ValuEngine upgraded shares of Sasol from a “hold” rating to a “buy” rating in a report on Saturday, April 7th. Finally, Zacks Investment Research lowered shares of Sasol from a “buy” rating to a “hold” rating in a report on Tuesday, March 20th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $34.00.

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Sasol Profile

Sasol Limited operates as an integrated chemicals and energy company. It operates through Mining, Exploration and Production International, Energy, Base Chemicals, and Performance Chemicals segments. The company operates coal mines; develops and manages upstream interests in oil and gas exploration and production in Mozambique, South Africa, Australia, Canada, and Gabon; and markets commodity and various performance chemicals, such as organics, inorganics and wax value chains, as well as polymers, solvents, and ammonia-based fertilizers.

Institutional Ownership by Quarter for Sasol (NYSE:SSL)

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