Ameriprise Financial Inc. Increases Holdings in Sasol Limited (SSL)
Ameriprise Financial Inc. raised its holdings in shares of Sasol Limited (NYSE:SSL) by 189.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 57,373 shares of the oil and gas company’s stock after acquiring an additional 37,574 shares during the period. Ameriprise Financial Inc.’s holdings in Sasol were worth $1,578,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also made changes to their positions in SSL. Harding Loevner LP lifted its stake in Sasol by 5.7% during the 2nd quarter. Harding Loevner LP now owns 2,470,715 shares of the oil and gas company’s stock valued at $69,056,000 after acquiring an additional 134,044 shares during the period. Stoneridge Investment Partners LLC acquired a new stake in Sasol during the 3rd quarter valued at approximately $2,266,000. Crossmark Global Holdings Inc. acquired a new stake in Sasol during the 3rd quarter valued at approximately $863,000. Northern Trust Corp lifted its stake in Sasol by 7.3% during the 2nd quarter. Northern Trust Corp now owns 237,154 shares of the oil and gas company’s stock valued at $6,629,000 after acquiring an additional 16,064 shares during the period. Finally, Aperio Group LLC lifted its stake in Sasol by 6.3% during the 3rd quarter. Aperio Group LLC now owns 256,211 shares of the oil and gas company’s stock valued at $7,053,000 after acquiring an additional 15,090 shares during the period. Institutional investors and hedge funds own 2.00% of the company’s stock.
Sasol Limited (NYSE SSL) opened at $34.78 on Tuesday. The company has a quick ratio of 1.20, a current ratio of 1.69 and a debt-to-equity ratio of 0.34. Sasol Limited has a 12 month low of $26.92 and a 12 month high of $34.97. The stock has a market cap of $22,980.00, a price-to-earnings ratio of 12.83, a P/E/G ratio of 2.16 and a beta of 0.90.
Several analysts have commented on SSL shares. Zacks Investment Research upgraded shares of Sasol from a “hold” rating to a “buy” rating and set a $34.00 price objective for the company in a research note on Tuesday, November 28th. Citigroup cut shares of Sasol from a “buy” rating to a “neutral” rating in a research note on Tuesday, November 28th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $34.00.
TRADEMARK VIOLATION NOTICE: This story was first posted by Watch List News and is the property of of Watch List News. If you are accessing this story on another website, it was illegally stolen and republished in violation of United States and international trademark and copyright law. The legal version of this story can be accessed at https://www.watchlistnews.com/ameriprise-financial-inc-increases-holdings-in-sasol-limited-ssl/1799591.html.
Sasol Company Profile
Sasol Limited is an international integrated chemicals and energy company. The Company develops and commercializes technologies, and builds and operates facilities to produce a range of product streams, including liquid fuels, chemicals and low-carbon electricity. The Company’s operating business units include Mining and, Exploration and Production International.
Want to see what other hedge funds are holding SSL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Sasol Limited (NYSE:SSL).
Receive News & Ratings for Sasol Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sasol and related companies with MarketBeat.com's FREE daily email newsletter.