Private Advisor Group LLC Cuts Stock Holdings in Sasol Limited (NYSE:SSL)

Private Advisor Group LLC decreased its position in shares of Sasol Limited (NYSE:SSL) by 25.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 10,426 shares of the oil and gas company’s stock after selling 3,508 shares during the quarter. Private Advisor Group LLC’s holdings in Sasol were worth $48,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Barclays PLC grew its holdings in shares of Sasol by 255.9% during the third quarter. Barclays PLC now owns 9,912 shares of the oil and gas company’s stock valued at $67,000 after buying an additional 7,127 shares during the last quarter. Apollon Wealth Management LLC bought a new position in Sasol during the fourth quarter valued at approximately $46,000. Sivia Capital Partners LLC bought a new position in Sasol during the fourth quarter valued at approximately $49,000. Jane Street Group LLC bought a new position in Sasol during the third quarter valued at approximately $75,000. Finally, Rhumbline Advisers lifted its position in Sasol by 191.6% during the fourth quarter. Rhumbline Advisers now owns 15,129 shares of the oil and gas company’s stock valued at $69,000 after purchasing an additional 9,940 shares during the period. Hedge funds and other institutional investors own 1.21% of the company’s stock.

Sasol Stock Up 5.2 %

Shares of Sasol stock opened at $4.37 on Friday. The company has a market cap of $2.83 billion, a price-to-earnings ratio of 1.92, a price-to-earnings-growth ratio of 0.17 and a beta of 2.31. The company’s 50 day moving average is $4.65 and its 200 day moving average is $5.65. Sasol Limited has a twelve month low of $4.04 and a twelve month high of $9.33. 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 Ratings Changes

A number of brokerages recently weighed in on SSL. Bank of America downgraded shares of Sasol from a “buy” rating to a “neutral” rating in a research report on Thursday, February 6th. StockNews.com upgraded shares of Sasol from a “hold” rating to a “buy” rating in a research report on Thursday.

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.