Stifel Financial Corp Cuts Holdings in Sasol Limited (NYSE:SSL)

Stifel Financial Corp lowered its position in Sasol Limited (NYSE:SSL) by 64.4% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 96,857 shares of the oil and gas company’s stock after selling 175,455 shares during the period. Stifel Financial Corp’s holdings in Sasol were worth $655,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Atomi Financial Group Inc. acquired a new position in Sasol in the 3rd quarter worth about $78,000. Blue Trust Inc. increased its position in shares of Sasol by 145.2% in the third quarter. Blue Trust Inc. now owns 11,892 shares of the oil and gas company’s stock valued at $80,000 after buying an additional 7,043 shares in the last quarter. HB Wealth Management LLC acquired a new position in shares of Sasol during the 2nd quarter worth approximately $81,000. Private Advisor Group LLC purchased a new position in shares of Sasol during the 3rd quarter valued at approximately $94,000. Finally, Verition Fund Management LLC purchased a new position in shares of Sasol during the 3rd quarter valued at approximately $106,000. 1.21% of the stock is owned by hedge funds and other institutional investors.

Sasol Stock Down 1.7 %

SSL stock opened at $4.62 on Thursday. The stock has a market capitalization of $3.00 billion, a P/E ratio of 2.05, a P/E/G ratio of 0.13 and a beta of 2.35. Sasol Limited has a 52 week low of $4.53 and a 52 week high of $10.27. The firm has a 50-day simple moving average of $5.45 and a 200-day simple moving average of $6.66. The company has a quick ratio of 1.58, a current ratio of 2.33 and a debt-to-equity ratio of 0.89.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered shares of Sasol from a “buy” rating to a “hold” rating in a report on Tuesday, December 10th.

Sasol Profile

Sasol Limited operates as a chemical and energy company in South Africa and internationally. It offers alumina, such as battery materials, catalyst supports, abrasives and polishing, and polymer additives; cobalt fischer-tropsch catalysts; carbon-based and recarburiser products; graphite electrodes; and mono-ethylene glycol and chlor-alkali products, monomers, mining chemicals and reagents, blends and hydrocarbons, methanol products, polymers, phenolics, and fertilizers.