Greenleaf Trust Increases Holdings in Sasol Limited (SSL)

Greenleaf Trust raised its position in Sasol Limited (NYSE:SSL) by 16.2% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 27,918 shares of the oil and gas company’s stock after purchasing an additional 3,898 shares during the period. Greenleaf Trust’s holdings in Sasol were worth $1,079,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. BNP Paribas Arbitrage SA lifted its holdings in Sasol by 65.3% in the 1st quarter. BNP Paribas Arbitrage SA now owns 5,548 shares of the oil and gas company’s stock valued at $189,000 after purchasing an additional 2,191 shares in the last quarter. TRUE Private Wealth Advisors purchased a new position in Sasol in the 3rd quarter valued at $202,000. Checchi Capital Advisers LLC purchased a new position in Sasol in the 3rd quarter valued at $215,000. Signaturefd LLC lifted its holdings in Sasol by 29.2% in the 2nd quarter. Signaturefd LLC now owns 7,184 shares of the oil and gas company’s stock valued at $263,000 after purchasing an additional 1,625 shares in the last quarter. Finally, Eqis Capital Management Inc. purchased a new position in Sasol in the 2nd quarter valued at $304,000. Institutional investors own 2.13% of the company’s stock.

Shares of SSL stock opened at $32.83 on Wednesday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.87 and a current ratio of 1.36. The firm has a market capitalization of $21.33 billion, a price-to-earnings ratio of 15.86, a PEG ratio of 1.48 and a beta of 0.94. Sasol Limited has a fifty-two week low of $28.86 and a fifty-two week high of $39.73.



A number of research analysts have weighed in on SSL shares. Zacks Investment Research upgraded Sasol from a “sell” rating to a “hold” rating and set a $41.00 price objective on the stock in a report on Thursday, October 18th. ValuEngine lowered Sasol from a “buy” rating to a “hold” rating in a report on Thursday, August 2nd. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company has an average rating of “Buy” and an average target price of $41.00.

Sasol 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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