191,763 Shares in Sasol Ltd. (NYSE:SSL) Acquired by Goldman Sachs Group Inc.

Goldman Sachs Group Inc. purchased a new stake in Sasol Ltd. (NYSE:SSL) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 191,763 shares of the oil and gas company’s stock, valued at approximately $5,638,000. Goldman Sachs Group Inc. owned about 6.76% of Sasol at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in SSL. Creative Planning boosted its position in Sasol by 49.2% in the first quarter. Creative Planning now owns 4,830 shares of the oil and gas company’s stock valued at $142,000 after buying an additional 1,592 shares during the period. Teza Capital Management LLC purchased a new position in Sasol during the first quarter valued at approximately $272,000. AQR Capital Management LLC boosted its position in shares of Sasol by 8.8% in the fourth quarter. AQR Capital Management LLC now owns 16,648 shares of the oil and gas company’s stock worth $476,000 after buying an additional 1,340 shares during the last quarter. Fagan Associates Inc. bought a new position in shares of Sasol during the first quarter worth about $422,000. Finally, Ngam Advisors L.P. boosted its position in shares of Sasol by 7.3% in the first quarter. Ngam Advisors L.P. now owns 11,367 shares of the oil and gas company’s stock worth $334,000 after buying an additional 775 shares during the last quarter. Hedge funds and other institutional investors own 2.25% of the company’s stock.

Sasol Ltd. (NYSE:SSL) traded down 0.37% during mid-day trading on Friday, hitting $29.66. The company’s stock had a trading volume of 248,730 shares. The firm has a 50 day moving average of $29.27 and a 200-day moving average of $29.31. Sasol Ltd. has a 52-week low of $24.85 and a 52-week high of $32.40. The firm has a market cap of $84.18 million, a price-to-earnings ratio of 16.69 and a beta of 0.89.

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SSL has been the subject of a number of recent research reports. BidaskClub cut Sasol from a “hold” rating to a “sell” rating in a report on Friday, June 16th. J P Morgan Chase & Co cut Sasol from an “overweight” rating to a “neutral” rating in a report on Tuesday, July 18th. One analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy”.

About Sasol

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.

Institutional Ownership by Quarter for Sasol (NYSE:SSL)

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