Sasol Limited (NYSE:SSL) Shares Acquired by Northern Trust Corp

Northern Trust Corp increased its stake in shares of Sasol Limited (NYSE:SSL - Free Report) by 190.6% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 170,366 shares of the oil and gas company's stock after purchasing an additional 111,743 shares during the period. Northern Trust Corp's holdings in Sasol were worth $777,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of SSL. Lindbrook Capital LLC raised its holdings in shares of Sasol by 76.8% during the 4th quarter. Lindbrook Capital LLC now owns 7,194 shares of the oil and gas company's stock worth $33,000 after acquiring an additional 3,125 shares during the period. Essential Planning LLC. acquired a new stake in Sasol during the fourth quarter worth about $46,000. Apollon Wealth Management LLC purchased a new position in Sasol during the fourth quarter worth about $46,000. HighTower Advisors LLC purchased a new position in Sasol during the fourth quarter worth about $49,000. Finally, SBI Securities Co. Ltd. acquired a new position in Sasol in the 4th quarter valued at about $50,000. Institutional investors and hedge funds own 1.21% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Wall Street Zen downgraded shares of Sasol from a "buy" rating to a "hold" rating in a report on Friday, May 16th. Bank of America cut shares of Sasol from a "buy" rating to a "neutral" rating in a research report on Thursday, February 6th.

Sasol Stock Down 3.7%

Shares of SSL traded down $0.17 during midday trading on Friday, hitting $4.44. The company had a trading volume of 836,436 shares, compared to its average volume of 940,008. Sasol Limited has a 1 year low of $2.78 and a 1 year high of $8.40. The firm has a market capitalization of $2.88 billion, a P/E ratio of 1.96, a P/E/G ratio of 0.17 and a beta of 0.71. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.58 and a current ratio of 2.33. The company's 50-day simple moving average is $3.76 and its 200-day simple moving average is $4.40.

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.