Signaturefd LLC Increases Stock Position in Sasol Ltd. $SSL

Signaturefd LLC raised its stake in shares of Sasol Ltd. (NYSE:SSL) by 137.5% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 26,790 shares of the oil and gas company’s stock after acquiring an additional 15,512 shares during the period. Signaturefd LLC’s holdings in Sasol were worth $118,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in SSL. Sivia Capital Partners LLC purchased a new position in shares of Sasol during the 2nd quarter worth approximately $52,000. FORA Capital LLC acquired a new position in Sasol during the first quarter worth $55,000. Blue Trust Inc. boosted its position in shares of Sasol by 24.9% during the first quarter. Blue Trust Inc. now owns 17,229 shares of the oil and gas company’s stock worth $73,000 after buying an additional 3,433 shares during the period. Parallel Advisors LLC grew its stake in shares of Sasol by 119.9% in the second quarter. Parallel Advisors LLC now owns 17,169 shares of the oil and gas company’s stock valued at $76,000 after buying an additional 9,360 shares in the last quarter. Finally, US Bancorp DE grew its stake in shares of Sasol by 27.5% in the first quarter. US Bancorp DE now owns 20,604 shares of the oil and gas company’s stock valued at $87,000 after buying an additional 4,442 shares in the last quarter. 1.21% of the stock is currently owned by institutional investors and hedge funds.

Sasol Stock Up 0.6%

Shares of NYSE:SSL opened at $6.19 on Friday. The firm has a 50 day simple moving average of $6.15 and a 200-day simple moving average of $4.94. Sasol Ltd. has a twelve month low of $2.78 and a twelve month high of $7.34. The company has a current ratio of 1.87, a quick ratio of 1.27 and a debt-to-equity ratio of 0.66. The company has a market capitalization of $4.02 billion, a PE ratio of 2.72, a P/E/G ratio of 0.33 and a beta of 0.78.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on SSL. Morgan Stanley lowered Sasol from an “overweight” rating to an “equal weight” rating in a research note on Monday, September 22nd. Wall Street Zen cut shares of Sasol from a “strong-buy” rating to a “buy” rating in a research report on Friday. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Sasol in a report on Saturday, September 27th. Two equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Sasol currently has a consensus rating of “Reduce”.

Sasol Company 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.