Bamco Inc. NY raised its position in Sasol Limited (NYSE:SSL) by 35.4% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 619,954 shares of the oil and gas company’s stock after acquiring an additional 162,211 shares during the quarter. Bamco Inc. NY’s holdings in Sasol were worth $21,209,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Unison Advisors LLC acquired a new position in Sasol in the 4th quarter valued at $1,698,000. Dynamic Technology Lab Private Ltd acquired a new position in shares of Sasol during the 3rd quarter worth $327,000. Ameriprise Financial Inc. grew its stake in shares of Sasol by 189.8% during the 3rd quarter. Ameriprise Financial Inc. now owns 57,373 shares of the oil and gas company’s stock worth $1,578,000 after purchasing an additional 37,574 shares during the period. Crossmark Global Holdings Inc. acquired a new position in shares of Sasol during the 3rd quarter worth $863,000. Finally, Oppenheimer Asset Management Inc. grew its stake in shares of Sasol by 10.5% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 55,043 shares of the oil and gas company’s stock worth $1,515,000 after purchasing an additional 5,223 shares during the period. 2.10% of the stock is currently owned by institutional investors.
Sasol Limited (NYSE SSL) opened at $35.34 on Friday. The company has a current ratio of 1.56, a quick ratio of 1.03 and a debt-to-equity ratio of 0.36. Sasol Limited has a 12 month low of $26.92 and a 12 month high of $38.75.
SSL has been the topic of a number of recent analyst reports. Zacks Investment Research raised shares of Sasol from a “hold” rating to a “buy” rating and set a $33.00 price target on the stock in a research note on Wednesday, November 22nd. Citigroup raised shares of Sasol from a “neutral” rating to a “buy” rating in a research note on Wednesday, February 28th. ValuEngine cut shares of Sasol from a “buy” rating to a “hold” rating in a research note on Wednesday. Finally, JPMorgan Chase & Co. raised shares of Sasol from a “neutral” rating to an “overweight” rating in a research note on Tuesday, February 13th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $34.00.
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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.
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