(NYSE:SSL) is trading down by 6.22% since yesterday’s close of 30.08 and has one of the biggest price drops of the day. More than 181,642 shares have been traded.
The stock is trading at $28.21 which is marginally lower than $30.14, the 50 day moving average and which is a tad under the 200 day moving average of $29.50. The 50 day moving average went down by -6.39% and the 200 day average went down by -4.37%.
Traders are a little more bullish lately if you look at the downtick in short interest. The company had a fall in short interest of -1.98% as of August 31, 2017 from the last reporting period. Short interest fell 15,960 over that timeframe. The days to cover decreased to 4.0 and the percentage of shorted shares is 0.00% as of August 31.
A few notable investment firms have updated their holdings. As of the end of the quarter Next Financial Group, Inc had sold a total of 300 shares trimming its stake by 19.9%. The value in dollars went from $46,000 to $34,000,000 a change of $33,954,000 quarter over quarter. As of quarter end Fagan Associates, Inc. had acquired 3,970 shares growing its position 27.7%. The value of the investment in (SSL) increased from $422,000 to $512,000 a change of 21.3% for the reporting period.
Ubs Group Ag bolstered its ownership by buying 1,593 shares an increase of 11.2% in the quarter. Ubs Group Ag currently owns 15,778 shares worth $441,000. The total value of its holdings increased 5.8%. As of the end of the quarter Jane Street Group, LLC had disposed of a total of 43,110 shares trimming its holdings by 43.1%. The value of the investment in SSL decreased from $2,941,000 to $220,000 decreasing 92.5% since the last quarter.
Sasol Ltd. American Depositary also declared a dividend to be paid on Thursday the 21st of September 2017. The dividend will be $0.240 per share for the quarter or $0.96 on an annualized basis. This dividend represents a yield of $3.19 which is the dividend as a percentage of the current share price. The ex-dividend date has been established as Thursday the 7th of September 2017.
The most current P/E ratio is 11.10 and the market value is 18.21B.
Sasol Limited, launched on June 26, 1979, is an international integrated chemicals and energy company. The Company develops and commercializes technologies, and builds and operates facilities to produce a range of product streams, including liquid fuels, chemicals and low-carbon electricity. The Business’s operating business units include Mining and, Exploration and Production International. Its Strategic Business Units are energy, base chemicals, performance chemicals and group functions. The Business’s regional operating hubs include Southern Africa Operations and International Operations..