Goldman Sachs Group Inc. bought a new stake in Sasol Ltd. (NYSE:SSL) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 191,763 shares of the oil and gas company’s stock, valued at approximately $5,638,000. Goldman Sachs Group Inc. owned 6.76% of Sasol as of its most recent SEC filing.
Several other hedge funds also recently made changes to their positions in the company. US Bancorp DE increased its stake in shares of Sasol by 3.3% in the first quarter. US Bancorp DE now owns 108,301 shares of the oil and gas company’s stock valued at $3,185,000 after buying an additional 3,422 shares during the last quarter. Checchi Capital Advisers LLC bought a new stake in shares of Sasol during the first quarter valued at approximately $212,000. Pillar Pacific Capital Management LLC increased its stake in shares of Sasol by 5.6% in the first quarter. Pillar Pacific Capital Management LLC now owns 90,357 shares of the oil and gas company’s stock valued at $2,657,000 after buying an additional 4,760 shares during the last quarter. Greenleaf Trust bought a new stake in shares of Sasol during the first quarter valued at approximately $394,000. Finally, Wetherby Asset Management Inc. increased its stake in shares of Sasol by 8.8% in the first quarter. Wetherby Asset Management Inc. now owns 12,250 shares of the oil and gas company’s stock valued at $360,000 after buying an additional 991 shares during the last quarter. 2.31% of the stock is owned by institutional investors and hedge funds.
Shares of Sasol Ltd. (NYSE SSL) opened at 30.48 on Friday. The firm has a 50-day moving average of $28.99 and a 200-day moving average of $29.34. The company has a market cap of $86.50 million, a P/E ratio of 16.92 and a beta of 0.89. Sasol Ltd. has a 12-month low of $24.85 and a 12-month high of $32.40.
Several brokerages recently commented on SSL. BidaskClub raised shares of Sasol from a “sell” rating to a “hold” rating in a report on Thursday, August 3rd. J P Morgan Chase & Co downgraded shares of Sasol from an “overweight” rating to a “neutral” rating in a report on Tuesday, July 18th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company’s stock. Sasol currently has an average rating of “Hold”.
Sasol Company Profile
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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