US Bancorp DE Acquires 4,442 Shares of Sasol Ltd. $SSL

US Bancorp DE grew its holdings in shares of Sasol Ltd. (NYSE:SSL) by 27.5% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 20,604 shares of the oil and gas company’s stock after buying an additional 4,442 shares during the period. US Bancorp DE’s holdings in Sasol were worth $87,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in SSL. Raymond James Financial Inc. purchased a new position in Sasol during the fourth quarter valued at $54,000. Blue Trust Inc. boosted its holdings in Sasol by 24.9% in the first quarter. Blue Trust Inc. now owns 17,229 shares of the oil and gas company’s stock worth $73,000 after purchasing an additional 3,433 shares during the last quarter. Two Sigma Securities LLC bought a new stake in shares of Sasol in the fourth quarter worth $85,000. QRG Capital Management Inc. increased its position in shares of Sasol by 22.8% during the 1st quarter. QRG Capital Management Inc. now owns 20,463 shares of the oil and gas company’s stock valued at $87,000 after purchasing an additional 3,803 shares during the last quarter. Finally, First Trust Advisors LP bought a new position in Sasol in the fourth quarter worth approximately $88,000. 1.21% of the stock is currently owned by institutional investors.

Sasol Stock Up 1.1%

Shares of SSL stock opened at $5.75 on Monday. Sasol Ltd. has a 52 week low of $2.78 and a 52 week high of $8.40. The company has a quick ratio of 1.16, a current ratio of 1.84 and a debt-to-equity ratio of 0.76. The company’s fifty day simple moving average is $5.07 and its two-hundred day simple moving average is $4.43. The stock has a market cap of $3.73 billion, a P/E ratio of 2.53, a PEG ratio of 0.19 and a beta of 0.76.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen cut shares of Sasol from a “buy” rating to a “hold” rating in a research note on Friday, May 16th.

Sasol Profile

Sasol Limited operates as a chemical and energy company in South Africa and internationally. It offers alumina, such as battery materials, catalyst supports, abrasives and polishing, and polymer additives; cobalt fischer-tropsch catalysts; carbon-based and recarburiser products; graphite electrodes; and mono-ethylene glycol and chlor-alkali products, monomers, mining chemicals and reagents, blends and hydrocarbons, methanol products, polymers, phenolics, and fertilizers.