Silvercrest Asset Management Group LLC Grows Position in Sasol Limited (NYSE:SSL)

Silvercrest Asset Management Group LLC raised its position in Sasol Limited (NYSE:SSL) by 23.0% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 72,403 shares of the oil and gas company’s stock after purchasing an additional 13,530 shares during the quarter. Silvercrest Asset Management Group LLC’s holdings in Sasol were worth $1,799,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. ARGA Investment Management LP raised its holdings in shares of Sasol by 151.1% during the 2nd quarter. ARGA Investment Management LP now owns 872,209 shares of the oil and gas company’s stock valued at $21,674,000 after buying an additional 524,818 shares during the period. Pzena Investment Management LLC raised its holdings in shares of Sasol by 8.5% during the 2nd quarter. Pzena Investment Management LLC now owns 128,636 shares of the oil and gas company’s stock valued at $3,197,000 after buying an additional 10,110 shares during the period. Pillar Pacific Capital Management LLC raised its holdings in shares of Sasol by 3.9% during the 2nd quarter. Pillar Pacific Capital Management LLC now owns 116,089 shares of the oil and gas company’s stock valued at $2,885,000 after buying an additional 4,305 shares during the period. Todd Asset Management LLC purchased a new stake in shares of Sasol during the 1st quarter valued at about $2,587,000. Finally, Unison Advisors LLC raised its holdings in shares of Sasol by 0.9% during the 2nd quarter. Unison Advisors LLC now owns 50,764 shares of the oil and gas company’s stock valued at $1,261,000 after buying an additional 446 shares during the period. Institutional investors own 2.19% of the company’s stock.

NYSE SSL traded down $0.02 during mid-day trading on Friday, reaching $19.35. 9,141 shares of the company’s stock traded hands, compared to its average volume of 219,639. Sasol Limited has a 1-year low of $16.92 and a 1-year high of $39.64. The company has a fifty day simple moving average of $18.87 and a 200-day simple moving average of $25.87. The company has a current ratio of 1.57, a quick ratio of 0.96 and a debt-to-equity ratio of 0.50. The company has a market cap of $12.34 billion, a price-to-earnings ratio of 9.37, a P/E/G ratio of 1.74 and a beta of 1.01.

Several equities research analysts recently commented on SSL shares. Zacks Investment Research downgraded Sasol from a “hold” rating to a “strong sell” rating in a report on Friday, June 28th. Citigroup upgraded Sasol from a “neutral” rating to a “buy” rating in a report on Monday. JPMorgan Chase & Co. downgraded Sasol from an “overweight” rating to a “neutral” rating in a report on Thursday, May 23rd. UBS Group lowered Sasol from a “buy” rating to a “neutral” rating in a research note on Tuesday, September 3rd. Finally, ValuEngine upgraded Sasol from a “sell” rating to a “hold” rating in a research note on Wednesday, September 4th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $20.75.

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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