Ballentine Partners LLC Takes $137,000 Position in Sasol Limited (NYSE:SSL)

Ballentine Partners LLC acquired a new stake in Sasol Limited (NYSE:SSL) in the 1st quarter, Holdings Channel.com reports. The institutional investor acquired 17,600 shares of the oil and gas company’s stock, valued at approximately $137,000.

Several other hedge funds also recently modified their holdings of the stock. CWM LLC grew its holdings in Sasol by 819.9% during the first quarter. CWM LLC now owns 3,330 shares of the oil and gas company’s stock worth $26,000 after purchasing an additional 2,968 shares during the period. PNC Financial Services Group Inc. raised its position in Sasol by 12.9% during the third quarter. PNC Financial Services Group Inc. now owns 10,390 shares of the oil and gas company’s stock valued at $142,000 after purchasing an additional 1,185 shares in the last quarter. Barometer Capital Management Inc. acquired a new position in shares of Sasol during the fourth quarter worth $117,000. International Assets Investment Management LLC acquired a new position in shares of Sasol during the fourth quarter worth $1,400,000. Finally, Citigroup Inc. acquired a new position in shares of Sasol during the third quarter worth $212,000. Institutional investors own 1.21% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut shares of Sasol from a “buy” rating to a “hold” rating in a research note on Monday.

Sasol Stock Down 2.1 %

Shares of SSL opened at $7.37 on Friday. The firm’s fifty day simple moving average is $7.12 and its two-hundred day simple moving average is $8.03. Sasol Limited has a 12 month low of $6.22 and a 12 month high of $14.26.

Sasol Profile

Sasol Limited operates as an integrated chemical and energy company in South Africa. It offers alumina, such as battery materials, catalyst supports, abrasives and polishing, and polymer additives; cobalt fischer-tropsch; carbon-based products; recarburiser; graphite electrodes; mono-ethylene glycol, ethylene, propylene, sasfroth blends, sodium cyanide, caustic soda, hydrochloric acid, sulfuric acid, calcium chloride, chlorine, alcohols, aromatic blends, methyl alcohol, polyethylene, polypropylene, polyvinyl chloride, cresols, xylenols, phenols, limestone ammonium nitrate, ammonium nitrate solution, and nitric acid.