Sasol Limited (NYSE:SSL) Shares Sold by Ritholtz Wealth Management

Ritholtz Wealth Management cut its holdings in Sasol Limited (NYSE:SSL) by 13.7% in the 3rd quarter, HoldingsChannel reports. The fund owned 49,907 shares of the oil and gas company’s stock after selling 7,918 shares during the period. Ritholtz Wealth Management’s holdings in Sasol were worth $337,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the business. CWM LLC increased 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 valued at $26,000 after purchasing an additional 2,968 shares during the last quarter. Mather Group LLC. purchased a new stake in Sasol in the 2nd quarter valued at about $28,000. Blue Trust Inc. grew its holdings in Sasol by 247.6% in the 2nd quarter. Blue Trust Inc. now owns 4,849 shares of the oil and gas company’s stock valued at $38,000 after buying an additional 3,454 shares during the period. EverSource Wealth Advisors LLC increased its stake in shares of Sasol by 3,112.4% during the 1st quarter. EverSource Wealth Advisors LLC now owns 6,714 shares of the oil and gas company’s stock valued at $52,000 after acquiring an additional 6,505 shares during the last quarter. Finally, Atomi Financial Group Inc. purchased a new position in shares of Sasol during the 3rd quarter worth about $78,000. Hedge funds and other institutional investors own 1.21% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of Sasol from a “hold” rating to a “buy” rating in a report on Thursday, August 29th.

Sasol Stock Up 2.4 %

Shares of NYSE SSL opened at $6.53 on Thursday. Sasol Limited has a 52-week low of $6.22 and a 52-week high of $14.13. The company has a debt-to-equity ratio of 0.89, a current ratio of 2.33 and a quick ratio of 1.58. The firm has a fifty day moving average of $7.18 and a 200-day moving average of $7.37.

Sasol Profile

Sasol Limited operates as a chemical and energy company in South Africa and internationally. It offers alumina, such as battery materials, catalyst supports, abrasives and polishing, and polymer additives; cobalt fischer-tropsch catalysts; carbon-based and recarburiser products; graphite electrodes; and mono-ethylene glycol and chlor-alkali products, monomers, mining chemicals and reagents, blends and hydrocarbons, methanol products, polymers, phenolics, and fertilizers.