Encompass Capital Advisors LLC Acquires Shares of 8,053,722 Standard Lithium Ltd. $SLI

Encompass Capital Advisors LLC acquired a new position in shares of Standard Lithium Ltd. (NYSEAMERICAN:SLI) during the 4th quarter, HoldingsChannel.com reports. The institutional investor acquired 8,053,722 shares of the company’s stock, valued at approximately $36,000,000. Standard Lithium accounts for about 1.5% of Encompass Capital Advisors LLC’s holdings, making the stock its 23rd biggest position.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Aquatic Capital Management LLC acquired a new stake in shares of Standard Lithium in the 3rd quarter valued at about $26,000. Bank of America Corp DE boosted its holdings in shares of Standard Lithium by 64.4% in the second quarter. Bank of America Corp DE now owns 15,412 shares of the company’s stock valued at $30,000 after acquiring an additional 6,040 shares during the period. WINTON GROUP Ltd acquired a new stake in shares of Standard Lithium in the second quarter valued at approximately $36,000. Stone House Investment Management LLC grew its position in shares of Standard Lithium by 734.3% during the fourth quarter. Stone House Investment Management LLC now owns 8,343 shares of the company’s stock worth $37,000 after acquiring an additional 7,343 shares during the last quarter. Finally, Jump Financial LLC acquired a new position in shares of Standard Lithium in the 2nd quarter valued at $43,000. Institutional investors and hedge funds own 16.70% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Evercore began coverage on shares of Standard Lithium in a research note on Wednesday, April 29th. They set an “outperform” rating and a $4.75 price target for the company. Four investment analysts have rated the stock with a Buy rating, According to MarketBeat, Standard Lithium currently has a consensus rating of “Buy” and an average target price of $5.13.

Standard Lithium Price Performance

Standard Lithium stock opened at $3.49 on Thursday. The business has a 50 day simple moving average of $3.74 and a 200-day simple moving average of $4.23. Standard Lithium Ltd. has a 12 month low of $1.77 and a 12 month high of $6.40. The stock has a market capitalization of $850.37 million, a PE ratio of -15.86 and a beta of 1.75.

Standard Lithium Company Profile

Standard Lithium (NYSEAMERICAN: SLI) is a mineral exploration and development company focused on the extraction of lithium from sedimentary brine resources. Utilizing direct lithium extraction (DLE) processes, the company aims to deliver high-purity lithium carbonate and lithium hydroxide suitable for the battery and electric vehicle markets. Standard Lithium’s technology is designed to accelerate lithium recovery rates while minimizing environmental impact compared to traditional solar evaporation methods.

The company’s flagship project is located in the Smackover Formation of southern Arkansas, in collaboration with chemical producer LANXESS.