Pzena Investment Management LLC Acquires 48,340 Shares of Sasol Limited (SSL)

Pzena Investment Management LLC raised its holdings in shares of Sasol Limited (NYSE:SSL) by 68.9% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 118,526 shares of the oil and gas company’s stock after acquiring an additional 48,340 shares during the period. Pzena Investment Management LLC’s holdings in Sasol were worth $3,667,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of SSL. Quadrant Capital Group LLC boosted its stake in Sasol by 221.3% in the 4th quarter. Quadrant Capital Group LLC now owns 7,515 shares of the oil and gas company’s stock worth $215,000 after purchasing an additional 5,176 shares during the period. Deutsche Bank AG boosted its position in Sasol by 612.0% in the fourth quarter. Deutsche Bank AG now owns 171,007 shares of the oil and gas company’s stock valued at $5,008,000 after buying an additional 146,988 shares in the last quarter. Jane Street Group LLC acquired a new stake in Sasol in the fourth quarter valued at approximately $8,571,000. Mackenzie Financial Corp acquired a new stake in Sasol in the fourth quarter valued at approximately $577,000. Finally, D. E. Shaw & Co. Inc. acquired a new stake in Sasol in the fourth quarter valued at approximately $357,000. Institutional investors own 2.12% of the company’s stock.

SSL has been the topic of a number of recent research reports. Bank of America lifted their price target on shares of Sasol from $480.00 to $505.00 and gave the stock a “neutral” rating in a report on Tuesday. Zacks Investment Research upgraded shares of Sasol from a “sell” rating to a “hold” rating in a report on Saturday, April 20th. Finally, Macquarie lowered shares of Sasol from an “outperform” rating to a “neutral” rating in a report on Friday, February 8th. Seven research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $182.17.

Shares of NYSE:SSL opened at $30.95 on Tuesday. The firm has a market cap of $20.38 billion, a PE ratio of 14.95, a price-to-earnings-growth ratio of 2.11 and a beta of 0.85. The company has a current ratio of 1.57, a quick ratio of 0.96 and a debt-to-equity ratio of 0.50. Sasol Limited has a 52 week low of $27.40 and a 52 week high of $39.73.

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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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