Ritholtz Wealth Management purchased a new position in shares of Sasol Limited (NYSE:SSL – Free Report) in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 25,439 shares of the oil and gas company’s stock, valued at approximately $347,000.
A number of other institutional investors and hedge funds also recently made changes to their positions in SSL. Ronald Blue Trust Inc. lifted its holdings in shares of Sasol by 67.0% during the 1st quarter. Ronald Blue Trust Inc. now owns 1,994 shares of the oil and gas company’s stock worth $31,000 after acquiring an additional 800 shares during the period. Captrust Financial Advisors increased its position in Sasol by 148.3% during the 2nd quarter. Captrust Financial Advisors now owns 1,490 shares of the oil and gas company’s stock worth $34,000 after purchasing an additional 890 shares in the last quarter. International Assets Investment Management LLC bought a new position in Sasol in the 1st quarter valued at approximately $36,000. Tower Research Capital LLC TRC lifted its stake in Sasol by 700.3% in the 3rd quarter. Tower Research Capital LLC TRC now owns 3,081 shares of the oil and gas company’s stock valued at $48,000 after purchasing an additional 2,696 shares during the last quarter. Finally, Quantbot Technologies LP bought a new position in Sasol in the 2nd quarter valued at approximately $57,000. Institutional investors own 1.03% of the company’s stock.
Analyst Ratings Changes
Separately, StockNews.com raised shares of Sasol from a “hold” rating to a “buy” rating in a research note on Friday, June 30th.
Sasol Trading Up 1.7 %
About Sasol
Sasol Limited, together with its subsidiaries, operates as an integrated chemical and energy company in South Africa. The company operates through six segments: Mining, Gas, Fuels, Chemicals Africa, Chemicals America, and Chemicals Eurasia. It offers acetate, acrylate monomer, ammonia, carbon, chlor alkali, explosive, fertilizer, glycol ether, hydrocarbon blend, inorganic, ketone, mining, polymer, and wax chemicals, as well as lacquer thinners, light alcohols, and phenolics or cresylic acids.
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