Wrapmanager Inc. Purchases 2,538 Shares of Sasol Limited (NYSE:SSL)

Wrapmanager Inc. raised its position in shares of Sasol Limited (NYSE:SSLGet Rating) by 15.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 18,566 shares of the oil and gas company’s stock after acquiring an additional 2,538 shares during the quarter. Wrapmanager Inc.’s holdings in Sasol were worth $449,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Quadrant Capital Group LLC raised its holdings in shares of Sasol by 22.4% in the 1st quarter. Quadrant Capital Group LLC now owns 3,651 shares of the oil and gas company’s stock worth $88,000 after acquiring an additional 667 shares during the last quarter. Prospera Financial Services Inc purchased a new stake in Sasol in the 1st quarter valued at about $126,000. Fox Run Management L.L.C. purchased a new stake in shares of Sasol during the 4th quarter worth approximately $183,000. Exane Derivatives purchased a new stake in shares of Sasol during the 1st quarter worth approximately $207,000. Finally, NorthCrest Asset Manangement LLC purchased a new stake in shares of Sasol during the 1st quarter worth approximately $207,000. Institutional investors own 1.44% of the company’s stock.

Analyst Ratings Changes

SSL has been the subject of several analyst reports. StockNews.com downgraded shares of Sasol from a “buy” rating to a “hold” rating in a report on Monday, August 8th. Morgan Stanley downgraded shares of Sasol from an “overweight” rating to an “equal weight” rating in a report on Tuesday, June 14th.

Sasol Stock Performance

Shares of NYSE:SSL opened at $21.85 on Wednesday. The company’s fifty day moving average is $22.02 and its 200 day moving average is $23.29. Sasol Limited has a 52 week low of $12.74 and a 52 week high of $28.36. The company has a current ratio of 1.43, a quick ratio of 0.98 and a debt-to-equity ratio of 0.57.

Sasol Profile

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Sasol Limited, together with its subsidiaries, operates as an integrated chemical and energy company in South Africa. The company operates through Mining, Gas, Fuels, Chemicals Africa, Chemicals America, and Chemicals Eurasia segments. It operates coal mines; and develops and manages upstream interests in oil and gas exploration and production in Mozambique, South Africa, Canada, and Gabon.

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Institutional Ownership by Quarter for Sasol (NYSE:SSL)

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