JPMorgan Chase & Co. Grows Stock Holdings in Sasol Ltd. $SSL

Key Points

• JPMorgan Chase boosted its stake in Sasol by 1,627.3% in Q3, purchasing 966,539 shares to hold 1,025,934 shares (about 0.16% of the company) valued at roughly $6.38 million.
• Analyst sentiment is mixed with an average rating of "Hold" (one Strong Buy, three Holds, two Sells), and recent notable moves include Wall Street Zen upgrading to Buy while Goldman Sachs and UBS moved to Neutral.

JPMorgan Chase & Co. grew its holdings in Sasol Ltd. (NYSE:SSL - Free Report) by 1,627.3% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,025,934 shares of the oil and gas company's stock after buying an additional 966,539 shares during the period. JPMorgan Chase & Co. owned approximately 0.16% of Sasol worth $6,381,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the business. Millennium Management LLC lifted its holdings in shares of Sasol by 75.7% in the 1st quarter. Millennium Management LLC now owns 1,450,355 shares of the oil and gas company's stock valued at $6,135,000 after acquiring an additional 624,911 shares during the last quarter. Jane Street Group LLC increased its stake in Sasol by 31.9% during the first quarter. Jane Street Group LLC now owns 154,700 shares of the oil and gas company's stock worth $654,000 after acquiring an additional 37,412 shares during the last quarter. Sivia Capital Partners LLC purchased a new stake in Sasol during the second quarter valued at approximately $52,000. American Century Companies Inc. raised its position in Sasol by 25.5% during the second quarter. American Century Companies Inc. now owns 890,502 shares of the oil and gas company's stock valued at $3,936,000 after purchasing an additional 180,827 shares during the period. Finally, Quadrant Capital Group LLC lifted its stake in shares of Sasol by 264.8% in the 2nd quarter. Quadrant Capital Group LLC now owns 152,631 shares of the oil and gas company's stock valued at $675,000 after purchasing an additional 110,791 shares during the last quarter. 1.21% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on SSL. Wall Street Zen raised Sasol from a "hold" rating to a "buy" rating in a research report on Saturday, March 14th. The Goldman Sachs Group downgraded shares of Sasol from a "buy" rating to a "neutral" rating in a research note on Monday, February 9th. JPMorgan Chase & Co. reiterated an "underweight" rating on shares of Sasol in a report on Friday, January 16th. UBS Group lowered shares of Sasol from a "buy" rating to a "neutral" rating in a research report on Thursday, March 5th. Finally, Weiss Ratings reissued a "sell (d+)" rating on shares of Sasol in a research note on Wednesday, January 21st. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, Sasol presently has an average rating of "Hold".

Sasol Trading Down 1.1%

SSL stock opened at $12.97 on Wednesday. Sasol Ltd. has a twelve month low of $2.78 and a twelve month high of $13.39. The business's fifty day simple moving average is $9.19 and its two-hundred day simple moving average is $7.38. The company has a current ratio of 1.66, a quick ratio of 1.09 and a debt-to-equity ratio of 0.53.

Sasol Profile

Sasol Limited is an integrated energy and chemical company headquartered in Johannesburg, South Africa. The company's core operations encompass the conversion of natural gas, coal and heavy hydrocarbons into liquid fuels and a wide array of chemical products. Sasol leverages proprietary Fischer-Tropsch and gas-to-liquids (GTL) technologies to deliver cleaner-burning diesel, jet fuel and naphtha, alongside solvents, surfactants and specialty polymers for industrial and consumer applications.

In addition to its GTL business, Sasol operates downstream facilities for the manufacture of alpha olefins, ethylene, propylene and other base-chemical intermediates.

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