Checchi Capital Advisers LLC acquired a new position in Sasol Limited (NYSE:SSL) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 5,552 shares of the oil and gas company’s stock, valued at approximately $215,000.
Other large investors have also modified their holdings of the company. BNP Paribas Arbitrage SA raised its holdings in shares of Sasol by 65.3% in the 1st quarter. BNP Paribas Arbitrage SA now owns 5,548 shares of the oil and gas company’s stock valued at $189,000 after purchasing an additional 2,191 shares in the last quarter. TRUE Private Wealth Advisors purchased a new position in shares of Sasol in the 3rd quarter worth approximately $202,000. Signaturefd LLC grew its position in shares of Sasol by 29.2% in the 2nd quarter. Signaturefd LLC now owns 7,184 shares of the oil and gas company’s stock worth $263,000 after buying an additional 1,625 shares during the last quarter. Eqis Capital Management Inc. purchased a new position in shares of Sasol in the 2nd quarter worth approximately $304,000. Finally, Atria Investments LLC purchased a new position in shares of Sasol in the 3rd quarter worth approximately $347,000. 2.15% of the stock is owned by institutional investors and hedge funds.
NYSE SSL traded up $0.85 on Thursday, hitting $31.14. 184,530 shares of the company’s stock traded hands, compared to its average volume of 235,526. The company has a current ratio of 1.36, a quick ratio of 0.87 and a debt-to-equity ratio of 0.42. Sasol Limited has a 1-year low of $30.18 and a 1-year high of $39.73. The stock has a market cap of $19.73 billion, a price-to-earnings ratio of 15.04, a PEG ratio of 1.37 and a beta of 1.03.
A number of research analysts have recently issued reports on the stock. ValuEngine downgraded shares of Sasol from a “buy” rating to a “hold” rating in a research report on Thursday, August 2nd. Zacks Investment Research raised shares of Sasol from a “sell” rating to a “hold” rating in a research report on Friday, October 5th. Finally, TD Securities reissued an “average” rating and set a $7.50 target price on shares of Sasol in a research report on Thursday, November 15th. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $24.25.
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Sasol Company Profile
Sasol Limited operates as an integrated chemical and energy company in South Africa. The company operates through Mining, Exploration and Production International, Energy, Base Chemicals, and Performance Chemicals segments. It operates coal mines; and develops and manages upstream interests in oil and gas exploration and production in Mozambique, South Africa, Australia, Canada, Gabon, and Australia.
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