Northern Trust Corp lessened its holdings in Sasol Limited (NYSE:SSL) by 0.9% during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 288,295 shares of the oil and gas company’s stock after selling 2,625 shares during the period. Northern Trust Corp’s holdings in Sasol were worth $10,535,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also made changes to their positions in SSL. Signaturefd LLC boosted its stake in shares of Sasol by 29.2% in the 2nd quarter. Signaturefd LLC now owns 7,184 shares of the oil and gas company’s stock worth $263,000 after buying an additional 1,625 shares during the last quarter. Eqis Capital Management Inc. bought a new stake in shares of Sasol in the 2nd quarter worth approximately $304,000. Advisors Asset Management Inc. raised its holdings in shares of Sasol by 60.9% in the 2nd quarter. Advisors Asset Management Inc. now owns 9,826 shares of the oil and gas company’s stock worth $362,000 after purchasing an additional 3,719 shares during the period. Liberty Mutual Group Asset Management Inc. bought a new stake in shares of Sasol in the 2nd quarter worth approximately $557,000. Finally, Paloma Partners Management Co bought a new stake in shares of Sasol in the 2nd quarter worth approximately $635,000. Hedge funds and other institutional investors own 2.12% of the company’s stock.
NYSE:SSL opened at $33.42 on Friday. The company has a current ratio of 1.36, a quick ratio of 0.87 and a debt-to-equity ratio of 0.42. The company has a market capitalization of $23.05 billion, a P/E ratio of 16.14, a P/E/G ratio of 1.60 and a beta of 1.03. Sasol Limited has a 12 month low of $29.36 and a 12 month high of $39.73.
A number of research firms recently commented on SSL. Zacks Investment Research raised shares of Sasol from a “sell” rating to a “hold” rating in a report on Saturday, September 22nd. ValuEngine cut shares of Sasol from a “buy” rating to a “hold” rating in a report on Thursday, August 2nd. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $41.00.
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Sasol Limited operates as an integrated chemical and energy company in South Africa. The company operates through Mining, Exploration and Production International, Energy, Base Chemicals, and Performance Chemicals segments. It operates coal mines; and develops and manages upstream interests in oil and gas exploration and production in Mozambique, South Africa, Australia, Canada, Gabon, and Australia.
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