US Bancorp DE Has $142,000 Stock Holdings in Sasol Limited (NYSE:SSL)

US Bancorp DE increased its stake in shares of Sasol Limited (NYSE:SSL) by 51.7% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 20,986 shares of the oil and gas company’s stock after buying an additional 7,150 shares during the period. US Bancorp DE’s holdings in Sasol were worth $142,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Virtu Financial LLC bought a new stake in shares of Sasol during the first quarter valued at approximately $199,000. O Shaughnessy Asset Management LLC increased its stake in shares of Sasol by 2.5% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 78,516 shares of the oil and gas company’s stock valued at $613,000 after buying an additional 1,900 shares during the period. Tidal Investments LLC acquired a new stake in shares of Sasol in the 1st quarter valued at $270,000. CWM LLC raised its position in shares of Sasol by 62.7% during the second quarter. CWM LLC now owns 5,417 shares of the oil and gas company’s stock worth $41,000 after acquiring an additional 2,087 shares during the last quarter. Finally, Lazard Asset Management LLC acquired a new position in shares of Sasol during the first quarter valued at $275,000. Institutional investors own 1.21% of the company’s stock.

Sasol Stock Performance

Shares of Sasol stock opened at $5.24 on Friday. The firm has a fifty day moving average of $6.49 and a two-hundred day moving average of $7.05. The company has a current ratio of 2.33, a quick ratio of 1.58 and a debt-to-equity ratio of 0.89. Sasol Limited has a 52 week low of $5.14 and a 52 week high of $12.58.

Analysts Set New Price Targets

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

Sasol Company 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.