Wetherby Asset Management Inc. lifted its holdings in Sasol Limited (NYSE:SSL) by 22.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,997 shares of the oil and gas company’s stock after buying an additional 2,422 shares during the quarter. Wetherby Asset Management Inc.’s holdings in Sasol were worth $221,000 as of its most recent SEC filing.
Several other institutional investors have also bought and sold shares of SSL. ARGA Investment Management LP raised its holdings in Sasol by 151.1% during the second quarter. ARGA Investment Management LP now owns 872,209 shares of the oil and gas company’s stock worth $21,674,000 after purchasing an additional 524,818 shares during the last quarter. Morgan Stanley raised its holdings in Sasol by 2,535.4% during the second quarter. Morgan Stanley now owns 492,399 shares of the oil and gas company’s stock worth $12,237,000 after purchasing an additional 473,715 shares during the last quarter. Cubist Systematic Strategies LLC acquired a new position in Sasol during the second quarter worth $815,000. Citadel Advisors LLC acquired a new position in Sasol during the second quarter worth $611,000. Finally, A.R.T. Advisors LLC acquired a new position in Sasol during the second quarter worth $577,000. Hedge funds and other institutional investors own 2.19% of the company’s stock.
Several brokerages recently issued reports on SSL. Citigroup raised Sasol from a “neutral” rating to a “buy” rating in a report on Monday, September 16th. TD Securities lifted their price objective on Sasol from $10.00 to $11.50 and gave the stock a “buy” rating in a report on Tuesday, November 5th. CIBC raised Sasol from a “neutral” rating to an “outperform” rating and lifted their price objective for the stock from $10.00 to $11.25 in a report on Thursday, October 31st. ValuEngine raised Sasol from a “sell” rating to a “hold” rating in a report on Wednesday, September 4th. Finally, Zacks Investment Research cut Sasol from a “buy” rating to a “hold” rating in a report on Wednesday, October 30th. Seven research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $14.92.
Shares of NYSE SSL traded down $0.04 during trading on Friday, reaching $19.91. The company had a trading volume of 227,420 shares, compared to its average volume of 226,829. Sasol Limited has a twelve month low of $16.48 and a twelve month high of $34.03. The stock has a 50-day moving average price of $18.48 and a two-hundred day moving average price of $22.64. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.99 and a current ratio of 1.59.
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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