UBS Group AG Buys 285,807 Shares of Sasol Ltd. $SSL

UBS Group AG raised its stake in Sasol Ltd. (NYSE:SSL) by 52.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 835,052 shares of the oil and gas company’s stock after purchasing an additional 285,807 shares during the period. UBS Group AG’s holdings in Sasol were worth $5,436,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. Laird Norton Wetherby Wealth Management LLC lifted its position in shares of Sasol by 5.1% during the third quarter. Laird Norton Wetherby Wealth Management LLC now owns 32,723 shares of the oil and gas company’s stock valued at $204,000 after buying an additional 1,593 shares during the last quarter. Ballentine Partners LLC boosted its holdings in shares of Sasol by 8.9% in the 3rd quarter. Ballentine Partners LLC now owns 21,317 shares of the oil and gas company’s stock valued at $133,000 after buying an additional 1,745 shares in the last quarter. PDS Planning Inc grew its position in shares of Sasol by 15.3% in the 4th quarter. PDS Planning Inc now owns 14,269 shares of the oil and gas company’s stock worth $93,000 after buying an additional 1,893 shares during the last quarter. Integrated Wealth Concepts LLC grew its position in shares of Sasol by 3.9% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 62,848 shares of the oil and gas company’s stock worth $391,000 after buying an additional 2,334 shares during the last quarter. Finally, US Bancorp DE raised its stake in shares of Sasol by 11.5% during the 3rd quarter. US Bancorp DE now owns 26,354 shares of the oil and gas company’s stock worth $164,000 after acquiring an additional 2,719 shares in the last quarter. 1.21% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently commented on SSL shares. The Goldman Sachs Group cut shares of Sasol from a “buy” rating to a “neutral” rating in a research report on Monday, February 9th. Weiss Ratings raised Sasol from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday. UBS Group lowered Sasol from a “buy” rating to a “neutral” rating in a report on Thursday, March 5th. Zacks Research raised Sasol from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 5th. Finally, Wall Street Zen upgraded Sasol from a “hold” rating to a “buy” rating in a research note on Saturday, March 14th. One research analyst has rated the stock with a Strong Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold”.

Sasol Trading Down 3.1%

Shares of Sasol stock opened at $13.04 on Thursday. The firm’s 50 day simple moving average is $12.66 and its two-hundred day simple moving average is $9.02. Sasol Ltd. has a 12-month low of $4.30 and a 12-month high of $14.36. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.09 and a current ratio of 1.66.

Insider Buying and Selling at Sasol

In other news, EVP Sarushen Dhanapalan Pillay sold 2,182 shares of the business’s stock in a transaction on Monday, May 11th. The shares were sold at an average price of $13.14, for a total transaction of $28,671.48. Following the sale, the executive vice president directly owned 16,313 shares of the company’s stock, valued at $214,352.82. The trade was a 11.80% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.00% of the stock is owned by company insiders.

Sasol Profile

Sasol Limited is an integrated energy and chemical company headquartered in Johannesburg, South Africa. The company’s core operations encompass the conversion of natural gas, coal and heavy hydrocarbons into liquid fuels and a wide array of chemical products. Sasol leverages proprietary Fischer-Tropsch and gas-to-liquids (GTL) technologies to deliver cleaner-burning diesel, jet fuel and naphtha, alongside solvents, surfactants and specialty polymers for industrial and consumer applications.

In addition to its GTL business, Sasol operates downstream facilities for the manufacture of alpha olefins, ethylene, propylene and other base-chemical intermediates.