Ballentine Partners LLC Acquires 5,045 Shares of Sasol Limited (NYSE:SSL)

Ballentine Partners LLC increased its position in Sasol Limited (NYSE:SSL) by 26.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 24,353 shares of the oil and gas company’s stock after purchasing an additional 5,045 shares during the quarter. Ballentine Partners LLC’s holdings in Sasol were worth $111,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Vanguard Personalized Indexing Management LLC grew its position in shares of Sasol by 33.2% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 23,662 shares of the oil and gas company’s stock worth $180,000 after buying an additional 5,898 shares during the last quarter. XTX Topco Ltd purchased a new position in Sasol during the second quarter valued at approximately $110,000. Cubist Systematic Strategies LLC boosted its holdings in Sasol by 81,913.0% during the second quarter. Cubist Systematic Strategies LLC now owns 63,150 shares of the oil and gas company’s stock worth $481,000 after buying an additional 63,073 shares in the last quarter. Creative Planning grew its position in shares of Sasol by 61.4% during the 2nd quarter. Creative Planning now owns 118,941 shares of the oil and gas company’s stock valued at $905,000 after acquiring an additional 45,243 shares during the period. Finally, Point72 Asset Management L.P. raised its stake in shares of Sasol by 417.3% during the 2nd quarter. Point72 Asset Management L.P. now owns 71,900 shares of the oil and gas company’s stock worth $547,000 after buying an additional 58,000 shares during the period. Hedge funds and other institutional investors own 1.21% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded Sasol from a “hold” rating to a “buy” rating in a research note on Monday, December 30th.

Sasol Stock Performance

Shares of Sasol stock opened at $4.78 on Monday. Sasol Limited has a one year low of $4.28 and a one year high of $9.33. The company has a current ratio of 2.33, a quick ratio of 1.58 and a debt-to-equity ratio of 0.89. The business’s 50 day moving average price is $4.96 and its 200 day moving average price is $6.26.

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.