Wetherby Asset Management Inc. increased its holdings in Sasol Limited (NYSE:SSL) by 22.9% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 12,997 shares of the oil and gas company’s stock after acquiring an additional 2,422 shares during the quarter. Wetherby Asset Management Inc.’s holdings in Sasol were worth $221,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Lindbrook Capital LLC raised its stake in Sasol by 1,145.1% during the third quarter. Lindbrook Capital LLC now owns 2,042 shares of the oil and gas company’s stock valued at $35,000 after buying an additional 1,878 shares in the last quarter. KCS Wealth Advisory raised its stake in Sasol by 21.8% during the third quarter. KCS Wealth Advisory now owns 39,131 shares of the oil and gas company’s stock valued at $666,000 after buying an additional 7,006 shares in the last quarter. Signaturefd LLC raised its stake in Sasol by 201.1% during the third quarter. Signaturefd LLC now owns 3,673 shares of the oil and gas company’s stock valued at $62,000 after buying an additional 2,453 shares in the last quarter. Verition Fund Management LLC acquired a new stake in Sasol during the second quarter valued at approximately $235,000. Finally, Bamco Inc. NY raised its stake in Sasol by 0.3% during the second quarter. Bamco Inc. NY now owns 823,390 shares of the oil and gas company’s stock valued at $20,461,000 after buying an additional 2,760 shares in the last quarter. Hedge funds and other institutional investors own 2.19% of the company’s stock.

Shares of Sasol stock traded down $0.04 on Friday, reaching $19.91. 227,420 shares of the company were exchanged, compared to its average volume of 226,829. The company has a quick ratio of 0.99, a current ratio of 1.59 and a debt-to-equity ratio of 0.60. The company’s 50-day moving average is $18.48 and its two-hundred day moving average is $22.64. Sasol Limited has a 1-year low of $16.48 and a 1-year high of $34.03.

Several brokerages have issued reports on SSL. Zacks Investment Research cut Sasol from a “buy” rating to a “hold” rating in a research note on Wednesday, October 30th. UBS Group cut Sasol from a “buy” rating to a “neutral” rating in a research note on Tuesday, September 3rd. Citigroup upgraded Sasol from a “neutral” rating to a “buy” rating in a research note on Monday, September 16th. CIBC upgraded Sasol from a “neutral” rating to an “outperform” rating and upped their price objective for the company from $10.00 to $11.25 in a research note on Thursday, October 31st. Finally, ValuEngine upgraded Sasol from a “sell” rating to a “hold” rating in a research note on Wednesday, September 4th. Seven research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $14.92.

Sasol Company Profile

Sasol Limited operates as an integrated chemical and energy company in South Africa. The company operates through Mining, Exploration and Production International, Energy, Base Chemicals, and Performance Chemicals segments. It operates coal mines; and develops and manages upstream interests in oil and gas exploration and production in Mozambique, South Africa, Australia, Canada, Gabon, and Australia.

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Institutional Ownership by Quarter for Sasol (NYSE:SSL)

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