Wells Fargo & Company MN Sells 1,348 Shares of Sasol Ltd. (SSL)
Wells Fargo & Company MN lowered its position in shares of Sasol Ltd. (NYSE:SSL) by 3.2% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 40,729 shares of the oil and gas company’s stock after selling 1,348 shares during the period. Wells Fargo & Company MN owned 1.44% of Sasol worth $1,138,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also recently made changes to their positions in SSL. Ameriprise Financial Inc. increased its stake in shares of Sasol by 20.4% during the first quarter. Ameriprise Financial Inc. now owns 16,247 shares of the oil and gas company’s stock worth $478,000 after purchasing an additional 2,751 shares during the period. UBS Group AG increased its stake in Sasol by 62.2% during the 1st quarter. UBS Group AG now owns 34,417 shares of the oil and gas company’s stock worth $1,012,000 after acquiring an additional 13,201 shares during the period. Goldman Sachs Group Inc. bought a new position in Sasol during the 1st quarter worth $5,638,000. Bank of Montreal Can increased its stake in Sasol by 0.9% during the 2nd quarter. Bank of Montreal Can now owns 29,262 shares of the oil and gas company’s stock worth $818,000 after acquiring an additional 271 shares during the period. Finally, Sit Investment Associates Inc. increased its stake in Sasol by 20.5% during the 2nd quarter. Sit Investment Associates Inc. now owns 5,000 shares of the oil and gas company’s stock worth $140,000 after acquiring an additional 850 shares during the period. Institutional investors own 1.85% of the company’s stock.
A number of equities analysts have commented on the company. BidaskClub upgraded Sasol from a “hold” rating to a “buy” rating in a research note on Saturday, August 12th. Royal Bank Of Canada restated an “outperform” rating on shares of Sasol in a research note on Thursday, September 7th. Zacks Investment Research upgraded Sasol from a “sell” rating to a “hold” rating in a research note on Thursday, August 31st. Finally, J P Morgan Chase & Co lowered Sasol from an “overweight” rating to a “neutral” rating in a research note on Tuesday, July 18th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. The stock has a consensus rating of “Hold”.
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.
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