Ritholtz Wealth Management Increases Holdings in Sasol Limited (NYSE:SSL)

Ritholtz Wealth Management raised its stake in Sasol Limited (NYSE:SSL) by 6.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 57,825 shares of the oil and gas company’s stock after purchasing an additional 3,416 shares during the quarter. Ritholtz Wealth Management’s holdings in Sasol were worth $440,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Virtu Financial LLC purchased a new stake in shares of Sasol during the 1st quarter valued at about $199,000. O Shaughnessy Asset Management LLC lifted its position in shares of Sasol by 2.5% during the first quarter. O Shaughnessy Asset Management LLC now owns 78,516 shares of the oil and gas company’s stock worth $613,000 after purchasing an additional 1,900 shares in the last quarter. Tidal Investments LLC purchased a new position in shares of Sasol in the first quarter valued at $270,000. PDS Planning Inc acquired a new stake in Sasol during the 1st quarter valued at $79,000. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in Sasol during the 4th quarter worth $460,000. Institutional investors and hedge funds own 1.21% of the company’s stock.

Sasol Stock Performance

Sasol stock opened at $7.05 on Thursday. Sasol Limited has a 52 week low of $6.22 and a 52 week high of $14.13. The stock has a 50 day moving average of $7.60 and a 200-day moving average of $7.52.

Analyst Ratings Changes

Separately, StockNews.com raised shares of Sasol from a “hold” rating to a “buy” rating in a research report on Thursday, August 29th.

About Sasol

Sasol Limited operates as an integrated chemical and energy company in South Africa. It offers alumina, such as battery materials, catalyst supports, abrasives and polishing, and polymer additives; cobalt fischer-tropsch; carbon-based products; recarburiser; graphite electrodes; mono-ethylene glycol, ethylene, propylene, sasfroth blends, sodium cyanide, caustic soda, hydrochloric acid, sulfuric acid, calcium chloride, chlorine, alcohols, aromatic blends, methyl alcohol, polyethylene, polypropylene, polyvinyl chloride, cresols, xylenols, phenols, limestone ammonium nitrate, ammonium nitrate solution, and nitric acid.