Morgan Stanley Boosts Stake in Sasol Limited (NYSE:SSL)

Morgan Stanley grew its position in shares of Sasol Limited (NYSE:SSL) by 2,535.4% during the second quarter, according to its most recent filing with the SEC. The firm owned 492,399 shares of the oil and gas company’s stock after acquiring an additional 473,715 shares during the period. Morgan Stanley’s holdings in Sasol were worth $12,237,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. TRUE Private Wealth Advisors bought a new stake in shares of Sasol in the 2nd quarter worth approximately $80,000. NumerixS Investment Technologies Inc boosted its position in shares of Sasol by 123.5% in the 1st quarter. NumerixS Investment Technologies Inc now owns 3,800 shares of the oil and gas company’s stock worth $118,000 after purchasing an additional 2,100 shares in the last quarter. Tower Research Capital LLC TRC boosted its position in shares of Sasol by 750.7% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,973 shares of the oil and gas company’s stock worth $99,000 after purchasing an additional 3,506 shares in the last quarter. Quantamental Technologies LLC boosted its position in shares of Sasol by 214.7% in the 2nd quarter. Quantamental Technologies LLC now owns 4,721 shares of the oil and gas company’s stock worth $117,000 after purchasing an additional 3,221 shares in the last quarter. Finally, Capital Fund Management S.A. bought a new stake in shares of Sasol in the 2nd quarter worth approximately $231,000. Hedge funds and other institutional investors own 2.19% of the company’s stock.

A number of brokerages have recently commented on SSL. Zacks Investment Research cut Sasol from a “hold” rating to a “strong sell” rating in a research report on Friday, June 28th. Citigroup raised Sasol from a “neutral” rating to a “buy” rating in a research report on Monday, September 16th. ValuEngine raised Sasol from a “sell” rating to a “hold” rating in a research report on Wednesday, September 4th. Finally, UBS Group cut Sasol from a “buy” rating to a “neutral” rating in a research report on Tuesday, September 3rd. One research analyst has rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $20.75.

SSL stock opened at $19.04 on Friday. Sasol Limited has a 12-month low of $16.48 and a 12-month high of $37.17. The stock’s 50 day simple moving average is $18.21 and its 200 day simple moving average is $24.51.

About Sasol

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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