Creative Planning Grows Stake in Sasol Limited (NYSE:SSL)

Creative Planning grew its position in shares of Sasol Limited (NYSE:SSL) by 61.4% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 118,941 shares of the oil and gas company’s stock after purchasing an additional 45,243 shares during the period. Creative Planning’s holdings in Sasol were worth $905,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. CWM LLC lifted its holdings in shares of Sasol by 819.9% during the 1st quarter. CWM LLC now owns 3,330 shares of the oil and gas company’s stock worth $26,000 after acquiring an additional 2,968 shares during the last quarter. Mather Group LLC. bought a new stake in shares of Sasol during the 2nd quarter worth $28,000. Blue Trust Inc. lifted its holdings in shares of Sasol by 247.6% during the 2nd quarter. Blue Trust Inc. now owns 4,849 shares of the oil and gas company’s stock worth $38,000 after acquiring an additional 3,454 shares during the last quarter. EverSource Wealth Advisors LLC lifted its holdings in shares of Sasol by 3,112.4% during the 1st quarter. EverSource Wealth Advisors LLC now owns 6,714 shares of the oil and gas company’s stock worth $52,000 after acquiring an additional 6,505 shares during the last quarter. Finally, PDS Planning Inc bought a new stake in shares of Sasol during the 1st quarter worth $79,000. 1.21% of the stock is currently owned by hedge funds and other institutional investors.

Sasol Price Performance

Sasol stock opened at $6.91 on Friday. The company has a debt-to-equity ratio of 0.89, a current ratio of 2.33 and a quick ratio of 1.58. The firm has a fifty day simple moving average of $7.23 and a two-hundred day simple moving average of $7.40. Sasol Limited has a twelve month low of $6.22 and a twelve month high of $14.13.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of Sasol from a “hold” rating to a “buy” rating in a report on Thursday, August 29th.

Sasol 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.