AE Wealth Management LLC cut its stake in shares of Sasol Limited (NYSE:SSL) by 12.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,432 shares of the oil and gas company’s stock after selling 1,841 shares during the quarter. AE Wealth Management LLC’s holdings in Sasol were worth $234,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Quadrant Capital Group LLC boosted its stake in shares of Sasol by 69.5% during the 2nd quarter. Quadrant Capital Group LLC now owns 4,577 shares of the oil and gas company’s stock worth $70,000 after acquiring an additional 1,876 shares in the last quarter. Cambridge Investment Research Advisors Inc. bought a new stake in shares of Sasol during the 2nd quarter worth $161,000. Shilanski & Associates Inc. bought a new stake in shares of Sasol during the 2nd quarter worth $181,000. Corient Capital Partners LLC acquired a new stake in shares of Sasol in the second quarter worth $182,000. Finally, Profund Advisors LLC acquired a new stake in shares of Sasol in the second quarter worth $183,000. 1.66% of the stock is owned by institutional investors and hedge funds.
Shares of NYSE:SSL opened at $16.52 on Wednesday. The company has a current ratio of 1.83, a quick ratio of 1.31 and a debt-to-equity ratio of 0.73. Sasol Limited has a 1 year low of $8.64 and a 1 year high of $19.82. The business has a fifty day simple moving average of $16.71 and a 200 day simple moving average of $16.21.
SSL has been the subject of several recent analyst reports. JPMorgan Chase & Co. raised Sasol from a “neutral” rating to an “overweight” rating in a research report on Thursday, December 2nd. Zacks Investment Research cut Sasol from a “buy” rating to a “hold” rating in a research report on Saturday, December 4th.
Sasol Company Profile
Sasol Ltd. is a holding company. It is a global chemicals and energy company, which engages in the provision of integrate sophisticated technologies and processes into operating facilities. The firm operates through the following segments: Energy, and Chemicals. The Energy segment manages the marketing and sales of all fuel, coal, gas and oil products in Southern Africa.
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