Private Advisor Group LLC Buys Shares of 13,934 Sasol Limited (NYSE:SSL)

Private Advisor Group LLC purchased a new stake in shares of Sasol Limited (NYSE:SSL) in the third quarter, according to its most recent filing with the SEC. The firm purchased 13,934 shares of the oil and gas company’s stock, valued at approximately $94,000.

Several other institutional investors have also modified their holdings of the company. Cubist Systematic Strategies LLC increased its holdings in Sasol by 81,913.0% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 63,150 shares of the oil and gas company’s stock valued at $481,000 after acquiring an additional 63,073 shares in the last quarter. Point72 Asset Management L.P. grew its position in shares of Sasol by 417.3% in the second quarter. Point72 Asset Management L.P. now owns 71,900 shares of the oil and gas company’s stock valued at $547,000 after purchasing an additional 58,000 shares during the last quarter. Creative Planning increased its stake in shares of Sasol by 61.4% during the 2nd quarter. Creative Planning now owns 118,941 shares of the oil and gas company’s stock worth $905,000 after purchasing an additional 45,243 shares in the last quarter. American Century Companies Inc. raised its position in shares of Sasol by 7.1% during the 2nd quarter. American Century Companies Inc. now owns 542,205 shares of the oil and gas company’s stock worth $4,126,000 after purchasing an additional 35,818 shares during the last quarter. Finally, Lazard Asset Management LLC purchased a new stake in Sasol in the 1st quarter valued at approximately $275,000. Hedge funds and other institutional investors own 1.21% of the company’s stock.

Analyst Ratings Changes

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

Sasol Trading Down 6.7 %

Sasol stock opened at $5.73 on Friday. The stock has a 50-day moving average price of $6.64 and a 200 day moving average price of $7.10. Sasol Limited has a 52 week low of $5.57 and a 52 week high of $12.85. The company has a current ratio of 2.33, a quick ratio of 1.58 and a debt-to-equity ratio of 0.89.

About Sasol

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.