Sequoia Financial Advisors LLC Acquires Shares of 16,802 Sasol Limited (NYSE:SSL)

Sequoia Financial Advisors LLC acquired a new stake in Sasol Limited (NYSE:SSL) in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 16,802 shares of the oil and gas company’s stock, valued at approximately $131,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Greenleaf Trust lifted its position in Sasol by 15.7% in the first quarter. Greenleaf Trust now owns 11,993 shares of the oil and gas company’s stock valued at $94,000 after purchasing an additional 1,623 shares during the last quarter. Lindbrook Capital LLC increased its stake in shares of Sasol by 148.9% during the first quarter. Lindbrook Capital LLC now owns 4,817 shares of the oil and gas company’s stock valued at $38,000 after buying an additional 2,882 shares during the period. Ballentine Partners LLC purchased a new position in shares of Sasol during the first quarter valued at approximately $137,000. CWM LLC grew its stake in Sasol by 819.9% in the first quarter. CWM LLC now owns 3,330 shares of the oil and gas company’s stock worth $26,000 after purchasing an additional 2,968 shares during the period. Finally, Barometer Capital Management Inc. purchased a new stake in Sasol in the fourth quarter worth $117,000. Institutional investors own 1.21% of the company’s stock.

Sasol Price Performance

SSL stock opened at $7.62 on Thursday. The business’s 50-day moving average is $7.19 and its two-hundred day moving average is $7.90. Sasol Limited has a fifty-two week low of $6.22 and a fifty-two week high of $14.26.

Analysts Set New Price Targets

Separately, StockNews.com cut Sasol from a “buy” rating to a “hold” rating in a research note on Thursday.

Sasol Profile

Sasol Limited operates as an integrated chemical and energy company in South Africa. It offers alumina, such as battery materials, catalyst supports, abrasives and polishing, and polymer additives; cobalt fischer-tropsch; carbon-based products; recarburiser; graphite electrodes; mono-ethylene glycol, ethylene, propylene, sasfroth blends, sodium cyanide, caustic soda, hydrochloric acid, sulfuric acid, calcium chloride, chlorine, alcohols, aromatic blends, methyl alcohol, polyethylene, polypropylene, polyvinyl chloride, cresols, xylenols, phenols, limestone ammonium nitrate, ammonium nitrate solution, and nitric acid.