Northern Trust Corp boosted its stake in shares of Sasol Ltd. (NYSE:SSL) by 7.3% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 237,154 shares of the oil and gas company’s stock after acquiring an additional 16,064 shares during the period. Northern Trust Corp owned 8.36% of Sasol worth $6,629,000 at the end of the most recent reporting period.
A number of other institutional investors also recently bought and sold shares of SSL. BB&T Corp increased its stake in shares of Sasol by 7.0% in the 2nd quarter. BB&T Corp now owns 30,420 shares of the oil and gas company’s stock valued at $850,000 after purchasing an additional 1,991 shares during the last quarter. Goldman Sachs Group Inc. bought a new position in shares of Sasol in the 1st quarter valued at $5,638,000. ARGA Investment Management LP increased its stake in shares of Sasol by 3.8% in the 2nd quarter. ARGA Investment Management LP now owns 99,000 shares of the oil and gas company’s stock valued at $2,768,000 after purchasing an additional 3,600 shares during the last quarter. Ameriprise Financial Inc. increased its stake in shares of Sasol by 20.4% in the 1st quarter. Ameriprise Financial Inc. now owns 16,247 shares of the oil and gas company’s stock valued at $478,000 after purchasing an additional 2,751 shares during the last quarter. Finally, Bank of Montreal Can increased its stake in shares of Sasol by 0.9% in the 2nd quarter. Bank of Montreal Can now owns 29,262 shares of the oil and gas company’s stock valued at $818,000 after purchasing an additional 271 shares during the last quarter. Hedge funds and other institutional investors own 1.87% of the company’s stock.
Several equities analysts have recently issued reports on the company. Zacks Investment Research upgraded Sasol from a “strong sell” rating to a “hold” rating in a research note on Wednesday, November 8th. BidaskClub upgraded Sasol from a “hold” rating to a “buy” rating in a research note on Saturday, August 12th. Royal Bank Of Canada reiterated an “outperform” rating on shares of Sasol in a research note on Thursday, September 7th. Finally, J P Morgan Chase & Co lowered Sasol from an “overweight” rating to a “neutral” rating in a research note on Tuesday, July 18th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company currently has a consensus rating of “Hold”.
Shares of Sasol Ltd. (SSL) opened at $30.35 on Tuesday. Sasol Ltd. has a 52-week low of $24.91 and a 52-week high of $32.40. The company has a quick ratio of 1.20, a current ratio of 1.69 and a debt-to-equity ratio of 0.34.
Sasol Limited 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 Company’s operating business units include Mining and, Exploration and Production International.
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