Advisors Asset Management Inc. Acquires 3,813 Shares of Sasol Limited (SSL)

Advisors Asset Management Inc. raised its holdings in Sasol Limited (NYSE:SSL) by 62.4% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 9,920 shares of the oil and gas company’s stock after acquiring an additional 3,813 shares during the quarter. Advisors Asset Management Inc.’s holdings in Sasol were worth $362,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Signaturefd LLC boosted its position in Sasol by 29.2% in the 2nd quarter. Signaturefd LLC now owns 7,184 shares of the oil and gas company’s stock valued at $263,000 after buying an additional 1,625 shares during the period. Eqis Capital Management Inc. purchased a new position in Sasol in the 2nd quarter valued at approximately $304,000. Liberty Mutual Group Asset Management Inc. purchased a new position in Sasol in the 2nd quarter valued at approximately $557,000. Paloma Partners Management Co purchased a new position in Sasol in the 2nd quarter valued at approximately $635,000. Finally, Tower Research Capital LLC TRC boosted its position in Sasol by 759.1% in the 2nd quarter. Tower Research Capital LLC TRC now owns 18,556 shares of the oil and gas company’s stock valued at $678,000 after buying an additional 16,396 shares during the period. 2.12% of the stock is owned by institutional investors.

Several equities analysts have commented on the stock. Zacks Investment Research raised shares of Sasol from a “sell” rating to a “hold” rating and set a $41.00 price target for the company in a research report on Thursday, October 18th. ValuEngine cut shares of Sasol from a “buy” rating to a “hold” rating in a research report on Thursday, August 2nd. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $41.00.

Shares of SSL opened at $34.10 on Friday. Sasol Limited has a twelve month low of $29.36 and a twelve month high of $39.73. The firm has a market capitalization of $22.53 billion, a PE ratio of 16.47, a PEG ratio of 1.56 and a beta of 1.03. The company has a current ratio of 1.36, a quick ratio of 0.87 and a debt-to-equity ratio of 0.42.

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Sasol Company Profile

Sasol Limited operates as an integrated chemical and energy company in South Africa. The company operates through Mining, Exploration and Production International, Energy, Base Chemicals, and Performance Chemicals segments. It operates coal mines; and develops and manages upstream interests in oil and gas exploration and production in Mozambique, South Africa, Australia, Canada, Gabon, and Australia.

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Institutional Ownership by Quarter for Sasol (NYSE:SSL)

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