BNP Paribas Financial Markets Grows Stake in Sasol Limited (NYSE:SSL)

BNP Paribas Financial Markets increased its stake in Sasol Limited (NYSE:SSLFree Report) by 7,100.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 65,814 shares of the oil and gas company’s stock after acquiring an additional 64,900 shares during the period. BNP Paribas Financial Markets’ holdings in Sasol were worth $654,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Signaturefd LLC grew its position in Sasol by 27.3% in the third quarter. Signaturefd LLC now owns 5,397 shares of the oil and gas company’s stock worth $74,000 after acquiring an additional 1,156 shares in the last quarter. PNC Financial Services Group Inc. boosted its position in shares of Sasol by 12.9% during the third quarter. PNC Financial Services Group Inc. now owns 10,390 shares of the oil and gas company’s stock valued at $142,000 after buying an additional 1,185 shares during the period. International Assets Investment Management LLC purchased a new position in shares of Sasol during the fourth quarter valued at approximately $1,400,000. Citigroup Inc. purchased a new position in shares of Sasol during the third quarter valued at approximately $212,000. Finally, Ritholtz Wealth Management boosted its position in shares of Sasol by 5.6% during the fourth quarter. Ritholtz Wealth Management now owns 53,000 shares of the oil and gas company’s stock valued at $527,000 after buying an additional 2,812 shares during the period. Hedge funds and other institutional investors own 1.21% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered Sasol from a “strong-buy” rating to a “buy” rating in a research report on Monday, March 11th.

Get Our Latest Analysis on SSL

Sasol Stock Performance

Shares of NYSE:SSL opened at $6.82 on Friday. Sasol Limited has a 1 year low of $6.65 and a 1 year high of $14.49. The business has a 50 day simple moving average of $7.60 and a two-hundred day simple moving average of $8.61.

About Sasol

(Free Report)

Sasol Limited operates as an integrated chemical and energy company in South Africa. It offers alumina, such as battery materials, catalyst supports, abrasives and polishing, and polymer additives; cobalt fischer-tropsch; carbon-based products; recarburiser; graphite electrodes; mono-ethylene glycol, ethylene, propylene, sasfroth blends, sodium cyanide, caustic soda, hydrochloric acid, sulfuric acid, calcium chloride, chlorine, alcohols, aromatic blends, methyl alcohol, polyethylene, polypropylene, polyvinyl chloride, cresols, xylenols, phenols, limestone ammonium nitrate, ammonium nitrate solution, and nitric acid.

Read More

Want to see what other hedge funds are holding SSL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Sasol Limited (NYSE:SSLFree Report).

Institutional Ownership by Quarter for Sasol (NYSE:SSL)

Receive News & Ratings for Sasol Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sasol and related companies with MarketBeat.com's FREE daily email newsletter.