Sanctuary Advisors LLC Purchases New Shares in Sasol Ltd. $SSL

Sanctuary Advisors LLC acquired a new stake in shares of Sasol Ltd. (NYSE:SSL) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 94,999 shares of the oil and gas company’s stock, valued at approximately $1,231,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Millennium Management LLC increased its holdings in shares of Sasol by 75.7% in the 1st quarter. Millennium Management LLC now owns 1,450,355 shares of the oil and gas company’s stock worth $6,135,000 after buying an additional 624,911 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Sasol by 1,627.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,025,934 shares of the oil and gas company’s stock valued at $6,381,000 after acquiring an additional 966,539 shares during the last quarter. Pictet Asset Management Holding SA bought a new position in shares of Sasol in the 1st quarter valued at about $11,284,000. UBS Group AG grew its position in Sasol by 52.0% in the fourth quarter. UBS Group AG now owns 835,052 shares of the oil and gas company’s stock worth $5,436,000 after acquiring an additional 285,807 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its position in Sasol by 0.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 680,048 shares of the oil and gas company’s stock worth $4,426,000 after acquiring an additional 6,109 shares in the last quarter. 1.21% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, EVP Sarushen Dhanapalan Pillay sold 2,182 shares of the company’s stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $13.14, for a total transaction of $28,671.48. Following the transaction, the executive vice president owned 16,313 shares of the company’s stock, valued at approximately $214,352.82. This represents a 11.80% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 1.00% of the stock is owned by company insiders.

Sasol Stock Down 1.9%

Shares of NYSE:SSL opened at $11.82 on Friday. The company has a current ratio of 1.66, a quick ratio of 1.09 and a debt-to-equity ratio of 0.53. Sasol Ltd. has a 12 month low of $4.77 and a 12 month high of $14.36. The firm’s 50-day moving average is $11.67 and its 200 day moving average is $10.67.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. Weiss Ratings raised Sasol from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, July 10th. Zacks Research lowered Sasol from a “hold” rating to a “strong sell” rating in a research note on Wednesday, July 8th. Wall Street Zen cut Sasol from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 20th. UBS Group raised Sasol from a “neutral” rating to a “buy” rating in a research report on Thursday, June 4th. Finally, Investec assumed coverage on Sasol in a report on Wednesday, June 17th. They set a “sell” rating on the stock. One research analyst has rated the stock with a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Reduce”.

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.