Ameriprise Financial Inc. Increases Position in Sasol Ltd. (NYSE:SSL)

Ameriprise Financial Inc. increased its stake in shares of Sasol Ltd. (NYSE:SSL) by 20.4% during the first quarter, Holdings Channel reports. The fund owned 16,247 shares of the oil and gas company’s stock after buying an additional 2,751 shares during the period. Ameriprise Financial Inc.’s holdings in Sasol were worth $478,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in SSL. Wedbush Securities Inc. boosted its stake in Sasol by 2.8% in the first quarter. Wedbush Securities Inc. now owns 8,869 shares of the oil and gas company’s stock valued at $261,000 after buying an additional 245 shares during the last quarter. Capstone Asset Management Co. boosted its stake in Sasol by 1.3% in the first quarter. Capstone Asset Management Co. now owns 31,782 shares of the oil and gas company’s stock valued at $934,000 after buying an additional 420 shares during the last quarter. World Asset Management Inc boosted its stake in Sasol by 1.4% in the first quarter. World Asset Management Inc now owns 40,593 shares of the oil and gas company’s stock valued at $1,193,000 after buying an additional 574 shares during the last quarter. Comerica Bank boosted its stake in Sasol by 2.0% in the first quarter. Comerica Bank now owns 44,917 shares of the oil and gas company’s stock valued at $1,377,000 after buying an additional 888 shares during the last quarter. Finally, Wetherby Asset Management Inc. boosted its stake in Sasol by 8.8% in the first quarter. Wetherby Asset Management Inc. now owns 12,250 shares of the oil and gas company’s stock valued at $360,000 after buying an additional 991 shares during the last quarter. Institutional investors and hedge funds own 2.42% of the company’s stock.

Shares of Sasol Ltd. (NYSE:SSL) opened at 28.59 on Friday. The company has a 50 day moving average of $28.46 and a 200 day moving average of $29.36. The company has a market cap of $81.14 million, a PE ratio of 15.88 and a beta of 0.88. Sasol Ltd. has a 1-year low of $24.85 and a 1-year high of $32.40.

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Several equities research analysts recently weighed in on the stock. BidaskClub upgraded shares of Sasol from a “sell” rating to a “hold” rating in a research note on Tuesday, June 27th. J P Morgan Chase & Co cut shares of Sasol from an “overweight” rating to a “neutral” rating in a research note on Tuesday. Finally, HSBC Holdings plc upgraded shares of Sasol from a “hold” rating to a “buy” rating in a research note on Tuesday, March 28th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the company’s stock. Sasol currently has an average rating of “Buy”.

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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Institutional Ownership by Quarter for Sasol (NYSE:SSL)

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