Goldman Sachs Group Inc. Has $540,000 Stock Holdings in Sasol Ltd. $SSL

Key Points

• Goldman Sachs Group Inc. has reduced its stake in Sasol Ltd. by 47.8%, currently holding 127,635 shares valued at approximately $540,000.
• Other institutional investors are also adjusting their positions, with Blue Trust Inc. increasing its stake by 24.9% in the first quarter.
• Sasol's stock has shown recent fluctuations, with a 52-week low of $2.78 and a high of $7.34, alongside an average rating of "Hold" from analysts.

Goldman Sachs Group Inc. trimmed its stake in shares of Sasol Ltd. (NYSE:SSL - Free Report) by 47.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 127,635 shares of the oil and gas company's stock after selling 116,850 shares during the quarter. Goldman Sachs Group Inc.'s holdings in Sasol were worth $540,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of SSL. Blue Trust Inc. boosted its stake in Sasol by 24.9% in the 1st quarter. Blue Trust Inc. now owns 17,229 shares of the oil and gas company's stock valued at $73,000 after buying an additional 3,433 shares in the last quarter. QRG Capital Management Inc. lifted its holdings in shares of Sasol by 22.8% during the first quarter. QRG Capital Management Inc. now owns 20,463 shares of the oil and gas company's stock valued at $87,000 after acquiring an additional 3,803 shares during the period. Vident Advisory LLC boosted its stake in shares of Sasol by 11.2% in the 4th quarter. Vident Advisory LLC now owns 40,690 shares of the oil and gas company's stock valued at $186,000 after purchasing an additional 4,108 shares in the last quarter. US Bancorp DE grew its holdings in shares of Sasol by 27.5% in the 1st quarter. US Bancorp DE now owns 20,604 shares of the oil and gas company's stock worth $87,000 after purchasing an additional 4,442 shares during the last quarter. Finally, Ameriprise Financial Inc. grew its holdings in shares of Sasol by 29.5% in the 4th quarter. Ameriprise Financial Inc. now owns 22,028 shares of the oil and gas company's stock worth $100,000 after purchasing an additional 5,021 shares during the last quarter. 1.21% of the stock is owned by institutional investors and hedge funds.

Sasol Price Performance

Shares of SSL stock opened at $6.25 on Friday. The firm's 50 day moving average price is $6.04 and its two-hundred day moving average price is $4.86. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.27 and a current ratio of 1.87. Sasol Ltd. has a 52-week low of $2.78 and a 52-week high of $7.34. The stock has a market cap of $4.05 billion, a PE ratio of 2.75, a PEG ratio of 0.33 and a beta of 0.81.

Analyst Ratings Changes

Several brokerages recently issued reports on SSL. Wall Street Zen raised shares of Sasol from a "buy" rating to a "strong-buy" rating in a report on Sunday, September 7th. Morgan Stanley cut shares of Sasol from an "overweight" rating to an "equal weight" rating in a research note on Monday. Two analysts have rated the stock with a Hold rating, According to MarketBeat, the company has an average rating of "Hold".

Sasol Company 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.

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