QRG Capital Management Inc. Increases Holdings in Sasol Ltd. $SSL

QRG Capital Management Inc. increased its stake in Sasol Ltd. (NYSE:SSL) by 11.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 22,781 shares of the oil and gas company’s stock after acquiring an additional 2,318 shares during the period. QRG Capital Management Inc.’s holdings in Sasol were worth $101,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Sivia Capital Partners LLC purchased a new position in shares of Sasol in the 2nd quarter worth approximately $52,000. FORA Capital LLC bought a new stake in Sasol in the first quarter worth $55,000. Blue Trust Inc. boosted its stake in 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 boosted its stake in Sasol by 119.9% during the second quarter. Parallel Advisors LLC now owns 17,169 shares of the oil and gas company’s stock worth $76,000 after buying an additional 9,360 shares during the period. Finally, US Bancorp DE increased its position in Sasol by 27.5% during the first quarter. US Bancorp DE now owns 20,604 shares of the oil and gas company’s stock valued at $87,000 after acquiring an additional 4,442 shares during the last quarter. 1.21% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

SSL has been the subject of several analyst reports. Weiss Ratings restated a “sell (d+)” rating on shares of Sasol in a report on Wednesday, October 8th. Wall Street Zen raised shares of Sasol from a “buy” rating to a “strong-buy” rating in a research report on Saturday. Finally, Morgan Stanley downgraded shares of Sasol from an “overweight” rating to an “equal weight” rating in a research note on Monday, September 22nd. Two research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Reduce”.

Sasol Stock Down 4.5%

Shares of SSL stock opened at $5.64 on Monday. The stock’s fifty day moving average price is $6.24 and its 200 day moving average price is $5.01. Sasol Ltd. has a 1-year low of $2.78 and a 1-year high of $7.25. The company has a market cap of $3.66 billion, a price-to-earnings ratio of 2.48, a price-to-earnings-growth ratio of 0.30 and a beta of 0.78. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.87 and a quick ratio of 1.27.

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.