JPMorgan Chase & Co. reduced its position in shares of Sasol Ltd. (NYSE:SSL) by 50.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,452 shares of the oil and gas company’s stock after selling 6,597 shares during the period. JPMorgan Chase & Co. owned about 0.23% of Sasol worth $181,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. BNP Paribas Arbitrage SA grew its holdings in shares of Sasol by 20.7% during the second quarter. BNP Paribas Arbitrage SA now owns 3,737 shares of the oil and gas company’s stock worth $104,000 after purchasing an additional 642 shares during the last quarter. Sit Investment Associates Inc. grew its holdings in shares of Sasol by 20.5% during the second quarter. Sit Investment Associates Inc. now owns 5,000 shares of the oil and gas company’s stock worth $140,000 after purchasing an additional 850 shares during the last quarter. Wedbush Securities Inc. grew its holdings in shares of Sasol by 5.5% during the second quarter. Wedbush Securities Inc. now owns 9,359 shares of the oil and gas company’s stock worth $262,000 after purchasing an additional 490 shares during the last quarter. Gilman Hill Asset Management LLC grew its holdings in shares of Sasol by 11.5% during the second quarter. Gilman Hill Asset Management LLC now owns 10,915 shares of the oil and gas company’s stock worth $305,000 after purchasing an additional 1,125 shares during the last quarter. Finally, Ngam Advisors L.P. grew its holdings in shares of Sasol by 7.3% during the first quarter. Ngam Advisors L.P. now owns 11,367 shares of the oil and gas company’s stock worth $334,000 after purchasing an additional 775 shares during the last quarter. Institutional investors own 1.85% of the company’s stock.

Shares of Sasol Ltd. (NYSE SSL) opened at 28.74 on Friday. The company has a market capitalization of $18.55 billion, a PE ratio of 11.17 and a beta of 0.86. The company has a 50-day moving average price of $28.79 and a 200 day moving average price of $29.43. Sasol Ltd. has a one year low of $24.91 and a one year high of $32.40.

WARNING: “JPMorgan Chase & Co. Trims Stake in Sasol Ltd. (SSL)” was published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are viewing this piece of content on another site, it was copied illegally and republished in violation of U.S. and international copyright and trademark legislation. The original version of this piece of content can be viewed at https://www.thecerbatgem.com/2017/10/29/jpmorgan-chase-co-trims-stake-in-sasol-ltd-ssl.html.

Several research firms have recently weighed in on SSL. BidaskClub upgraded Sasol from a “sell” rating to a “hold” rating in a report on Thursday, August 3rd. J P Morgan Chase & Co cut Sasol from an “overweight” rating to a “neutral” rating in a report on Tuesday, July 18th. Zacks Investment Research cut Sasol from a “hold” rating to a “sell” rating in a report on Friday, September 8th. Finally, Royal Bank Of Canada restated an “outperform” rating on shares of Sasol in a report on Thursday, September 7th. One 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 stock. Sasol 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.

Institutional Ownership by Quarter for Sasol (NYSE:SSL)

Receive News & Stock Ratings for Sasol Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sasol Ltd. and related stocks with our FREE daily email newsletter.