Unison Advisors LLC raised its stake in Sasol Limited (NYSE:SSL) by 0.9% during the fourth quarter, Holdings Channel reports. The fund owned 50,318 shares of the oil and gas company’s stock after buying an additional 446 shares during the period. Sasol makes up approximately 1.2% of Unison Advisors LLC’s portfolio, making the stock its 16th largest position. Unison Advisors LLC’s holdings in Sasol were worth $1,474,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Bamco Inc. NY raised its position in shares of Sasol by 7.3% in the third quarter. Bamco Inc. NY now owns 764,281 shares of the oil and gas company’s stock valued at $29,532,000 after purchasing an additional 52,300 shares during the period. Aperio Group LLC increased its holdings in Sasol by 10.7% during the 3rd quarter. Aperio Group LLC now owns 387,515 shares of the oil and gas company’s stock worth $14,974,000 after acquiring an additional 37,578 shares during the period. ARGA Investment Management LP increased its holdings in Sasol by 4.9% during the 4th quarter. ARGA Investment Management LP now owns 294,441 shares of the oil and gas company’s stock worth $8,624,000 after acquiring an additional 13,650 shares during the period. Bank of America Corp DE increased its holdings in Sasol by 7.8% during the 2nd quarter. Bank of America Corp DE now owns 177,740 shares of the oil and gas company’s stock worth $6,495,000 after acquiring an additional 12,836 shares during the period. Finally, Millennium Management LLC bought a new stake in Sasol during the 2nd quarter worth approximately $5,652,000. Hedge funds and other institutional investors own 2.19% of the company’s stock.
A number of analysts recently weighed in on SSL shares. TD Securities reaffirmed an “average” rating and set a $7.50 target price on shares of Sasol in a report on Thursday, November 15th. Zacks Investment Research raised shares of Sasol from a “sell” rating to a “buy” rating and set a $34.00 target price on the stock in a report on Tuesday, January 29th. Bank of America lowered shares of Sasol from a “buy” rating to a “neutral” rating in a report on Monday. Finally, Macquarie lowered shares of Sasol from an “outperform” rating to a “neutral” rating in a report on Friday. One analyst has rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $20.75.
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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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