Northern Trust Corp lifted its position in shares of Sasol Limited (NYSE:SSL - Free Report) by 190.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 170,366 shares of the oil and gas company's stock after acquiring an additional 111,743 shares during the period. Northern Trust Corp's holdings in Sasol were worth $777,000 at the end of the most recent reporting period.
Other large investors have also recently added to or reduced their stakes in the company. Lindbrook Capital LLC increased its stake in Sasol by 76.8% during the 4th quarter. Lindbrook Capital LLC now owns 7,194 shares of the oil and gas company's stock valued at $33,000 after buying an additional 3,125 shares during the period. Essential Planning LLC. acquired a new position in shares of Sasol during the 4th quarter valued at $46,000. Apollon Wealth Management LLC acquired a new position in shares of Sasol during the 4th quarter valued at $46,000. HighTower Advisors LLC acquired a new position in shares of Sasol during the 4th quarter valued at $49,000. Finally, SBI Securities Co. Ltd. bought a new position in Sasol during the fourth quarter valued at about $50,000. 1.21% of the stock is owned by institutional investors and hedge funds.
Sasol Trading Up 3.2%
Shares of NYSE:SSL traded up $0.15 during midday trading on Tuesday, reaching $4.73. The company had a trading volume of 933,750 shares, compared to its average volume of 940,668. 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 1-year low of $2.78 and a 1-year high of $8.40. The firm has a market cap of $3.06 billion, a price-to-earnings ratio of 2.08, a price-to-earnings-growth ratio of 0.17 and a beta of 0.71. The company has a fifty day simple moving average of $3.78 and a two-hundred day simple moving average of $4.39.
Analyst Upgrades and Downgrades
Several research analysts recently weighed in on SSL shares. Wall Street Zen cut Sasol from a "buy" rating to a "hold" rating in a research note on Friday, May 16th. Bank of America cut Sasol from a "buy" rating to a "neutral" rating in a research note on Thursday, February 6th.
Check Out Our Latest Research Report on SSL
About Sasol
(
Free Report)
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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