Creative Planning Buys 150,491 Shares of Sasol Ltd. $SSL

Creative Planning grew its position in Sasol Ltd. (NYSE:SSL) by 157.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 246,324 shares of the oil and gas company’s stock after acquiring an additional 150,491 shares during the quarter. Creative Planning’s holdings in Sasol were worth $1,089,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in SSL. Sivia Capital Partners LLC bought a new stake in Sasol in the second quarter worth about $52,000. FORA Capital LLC purchased a new position in Sasol during the 1st quarter valued at $55,000. Parallel Advisors LLC grew its position in Sasol by 119.9% in the 2nd quarter. Parallel Advisors LLC now owns 17,169 shares of the oil and gas company’s stock valued at $76,000 after acquiring an additional 9,360 shares during the last quarter. Ballentine Partners LLC increased its stake in Sasol by 47.3% in the second quarter. Ballentine Partners LLC now owns 19,572 shares of the oil and gas company’s stock worth $87,000 after purchasing an additional 6,283 shares during the period. Finally, US Bancorp DE lifted its position in shares of Sasol by 27.5% during the first quarter. US Bancorp DE now owns 20,604 shares of the oil and gas company’s stock worth $87,000 after purchasing an additional 4,442 shares during the last quarter. 1.21% of the stock is owned by hedge funds and other institutional investors.

Sasol Price Performance

Shares of NYSE:SSL opened at $6.50 on Friday. Sasol Ltd. has a 12-month low of $2.78 and a 12-month high of $7.39. The business’s fifty day simple moving average is $6.32 and its 200-day simple moving average is $5.71. The company has a current ratio of 1.87, a quick ratio of 1.27 and a debt-to-equity ratio of 0.66.

Wall Street Analysts Forecast Growth

SSL has been the topic of several recent analyst reports. Morgan Stanley downgraded shares of Sasol from an “overweight” rating to an “equal weight” rating in a research note on Monday, September 22nd. Wall Street Zen cut Sasol from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 15th. Zacks Research lowered Sasol from a “hold” rating to a “strong sell” rating in a research report on Tuesday, November 25th. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of Sasol in a report on Wednesday, October 8th. Two analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, 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.