SG Americas Securities LLC Has $1.63 Million Position in Sasol Ltd. $SSL

SG Americas Securities LLC increased its holdings in shares of Sasol Ltd. (NYSE:SSL) by 240.6% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 261,467 shares of the oil and gas company’s stock after buying an additional 184,704 shares during the period. SG Americas Securities LLC’s holdings in Sasol were worth $1,626,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. QRG Capital Management Inc. raised its stake in shares of Sasol by 11.3% during the second quarter. QRG Capital Management Inc. now owns 22,781 shares of the oil and gas company’s stock valued at $101,000 after acquiring an additional 2,318 shares during the last quarter. GAMMA Investing LLC grew its stake in shares of Sasol by 107.9% in the third quarter. GAMMA Investing LLC now owns 8,637 shares of the oil and gas company’s stock worth $54,000 after purchasing an additional 4,482 shares during the last quarter. NewEdge Advisors LLC increased its holdings in Sasol by 47.6% in the second quarter. NewEdge Advisors LLC now owns 18,814 shares of the oil and gas company’s stock valued at $83,000 after purchasing an additional 6,065 shares during the period. Ballentine Partners LLC raised its position in Sasol by 47.3% during the 2nd quarter. Ballentine Partners LLC now owns 19,572 shares of the oil and gas company’s stock worth $87,000 after purchasing an additional 6,283 shares during the last quarter. Finally, EverSource Wealth Advisors LLC lifted its holdings in Sasol by 347.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 8,960 shares of the oil and gas company’s stock worth $40,000 after buying an additional 6,957 shares during the period. 1.21% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on SSL shares. Wall Street Zen cut Sasol from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 15th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Sasol in a report on Wednesday, October 8th. Morgan Stanley downgraded shares of Sasol from an “overweight” rating to an “equal weight” rating in a research report on Monday, September 22nd. Finally, Zacks Research lowered shares of Sasol from a “hold” rating to a “strong sell” rating in a report on Tuesday, November 25th. Two equities research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Reduce”.

Sasol Trading Down 4.1%

Shares of SSL stock opened at $7.14 on Friday. The firm has a 50 day moving average of $6.57 and a 200-day moving average of $6.13. The company has a quick ratio of 1.27, a current ratio of 1.87 and a debt-to-equity ratio of 0.66. Sasol Ltd. has a 52 week low of $2.78 and a 52 week high of $7.54.

Sasol Company 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.