Ballentine Partners LLC Increases Holdings in Sasol Ltd. $SSL

Ballentine Partners LLC grew its holdings in shares of Sasol Ltd. (NYSE:SSL) by 47.3% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 19,572 shares of the oil and gas company’s stock after purchasing an additional 6,283 shares during the quarter. Ballentine Partners LLC’s holdings in Sasol were worth $87,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the business. Blue Trust Inc. boosted its position in shares of Sasol by 24.9% during the 1st quarter. Blue Trust Inc. now owns 17,229 shares of the oil and gas company’s stock valued at $73,000 after acquiring an additional 3,433 shares during the last quarter. QRG Capital Management Inc. lifted its position in Sasol by 22.8% in the 1st quarter. QRG Capital Management Inc. now owns 20,463 shares of the oil and gas company’s stock worth $87,000 after buying an additional 3,803 shares during the last quarter. US Bancorp DE lifted its position in Sasol by 27.5% in the 1st quarter. US Bancorp DE now owns 20,604 shares of the oil and gas company’s stock worth $87,000 after buying an additional 4,442 shares during the last quarter. Ameriprise Financial Inc. lifted its position in Sasol by 29.5% in the 4th quarter. Ameriprise Financial Inc. now owns 22,028 shares of the oil and gas company’s stock worth $100,000 after buying an additional 5,021 shares during the last quarter. Finally, Walleye Capital LLC lifted its position in Sasol by 17.4% in the 1st quarter. Walleye Capital LLC now owns 58,116 shares of the oil and gas company’s stock worth $246,000 after buying an additional 8,616 shares during the last quarter. 1.21% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on SSL. Morgan Stanley downgraded Sasol from an “overweight” rating to an “equal weight” rating in a research report on Monday, September 22nd. Wall Street Zen raised Sasol from a “buy” rating to a “strong-buy” rating in a research note on Sunday, September 7th. Two analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock has an average rating of “Hold”.

Sasol Stock Performance

SSL opened at $6.21 on Wednesday. The firm has a market cap of $4.03 billion, a price-to-earnings ratio of 2.74, a PEG ratio of 0.33 and a beta of 0.81. The company has a current ratio of 1.87, a quick ratio of 1.27 and a debt-to-equity ratio of 0.66. Sasol Ltd. has a 12 month low of $2.78 and a 12 month high of $7.34. The stock has a fifty day moving average price of $6.10 and a 200-day moving average price of $4.90.

About Sasol

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.