Creative Planning Raises Position in Sasol Limited (NYSE:SSL)

Creative Planning lifted its stake in shares of Sasol Limited (NYSE:SSL) by 61.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 118,941 shares of the oil and gas company’s stock after purchasing an additional 45,243 shares during the period. Creative Planning’s holdings in Sasol were worth $905,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of SSL. CWM LLC increased its stake in shares of Sasol by 819.9% during the 1st quarter. CWM LLC now owns 3,330 shares of the oil and gas company’s stock worth $26,000 after purchasing an additional 2,968 shares during the last quarter. Mather Group LLC. purchased a new position in Sasol in the 2nd quarter valued at approximately $28,000. Blue Trust Inc. grew its stake in Sasol by 247.6% in the 2nd quarter. Blue Trust Inc. now owns 4,849 shares of the oil and gas company’s stock valued at $38,000 after buying an additional 3,454 shares in the last quarter. EverSource Wealth Advisors LLC grew its stake in Sasol by 3,112.4% in the 1st quarter. EverSource Wealth Advisors LLC now owns 6,714 shares of the oil and gas company’s stock valued at $52,000 after buying an additional 6,505 shares in the last quarter. Finally, PDS Planning Inc purchased a new position in Sasol in the 1st quarter valued at approximately $79,000. Hedge funds and other institutional investors own 1.21% of the company’s stock.

Analyst Upgrades and Downgrades

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

Sasol Price Performance

SSL opened at $6.91 on Friday. The company has a fifty day moving average price of $7.23 and a 200-day moving average price of $7.40. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.58 and a current ratio of 2.33. Sasol Limited has a one year low of $6.22 and a one year high of $14.13.

About Sasol

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.