Wetherby Asset Management Inc. Decreases Stake in Sasol Ltd. (SSL)
Wetherby Asset Management Inc. lowered its stake in Sasol Ltd. (NYSE:SSL) by 7.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 11,351 shares of the oil and gas company’s stock after selling 899 shares during the period. Wetherby Asset Management Inc.’s holdings in Sasol were worth $317,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Sit Investment Associates Inc. increased its position in Sasol by 36.1% in the first quarter. Sit Investment Associates Inc. now owns 4,150 shares of the oil and gas company’s stock valued at $122,000 after buying an additional 1,100 shares during the last quarter. Creative Planning increased its position in Sasol by 49.2% in the first quarter. Creative Planning now owns 4,830 shares of the oil and gas company’s stock valued at $142,000 after buying an additional 1,592 shares during the last quarter. Checchi Capital Advisers LLC bought a new position in Sasol during the first quarter valued at about $212,000. Wedbush Securities Inc. increased its position in Sasol by 2.8% in the first quarter. Wedbush Securities Inc. now owns 8,869 shares of the oil and gas company’s stock valued at $261,000 after buying an additional 245 shares during the last quarter. Finally, Teza Capital Management LLC bought a new position in Sasol during the first quarter valued at about $272,000. Institutional investors own 2.25% of the company’s stock.
Sasol Ltd. (NYSE SSL) opened at 30.04 on Wednesday. Sasol Ltd. has a 12-month low of $24.85 and a 12-month high of $32.40. The stock’s 50 day moving average is $29.12 and its 200 day moving average is $29.30. The company has a market cap of $85.25 million, a P/E ratio of 16.68 and a beta of 0.89.
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SSL has been the topic of several research reports. BidaskClub upgraded shares of Sasol from a “hold” rating to a “buy” rating in a report on Saturday. J P Morgan Chase & Co downgraded shares of Sasol from an “overweight” rating to a “neutral” rating in a report on Tuesday, July 18th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating to the company. The company presently has an average rating of “Buy”.
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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