Blue Trust Inc. Increases Holdings in Sasol Limited (NYSE:SSL)

Blue Trust Inc. grew its holdings in Sasol Limited (NYSE:SSL) by 80.4% during the fourth quarter, HoldingsChannel reports. The fund owned 21,456 shares of the oil and gas company’s stock after purchasing an additional 9,564 shares during the period. Blue Trust Inc.’s holdings in Sasol were worth $98,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Ballentine Partners LLC raised its stake in Sasol by 26.1% during the 4th quarter. Ballentine Partners LLC now owns 24,353 shares of the oil and gas company’s stock worth $111,000 after acquiring an additional 5,045 shares in the last quarter. Sivia Capital Partners LLC purchased a new position in shares of Sasol during the fourth quarter worth about $49,000. Virtu Financial LLC acquired a new stake in shares of Sasol during the third quarter worth about $167,000. Barclays PLC lifted its holdings in shares of Sasol by 255.9% in the 3rd quarter. Barclays PLC now owns 9,912 shares of the oil and gas company’s stock valued at $67,000 after purchasing an additional 7,127 shares during the last quarter. Finally, Public Employees Retirement System of Ohio purchased a new stake in shares of Sasol in the 3rd quarter valued at about $670,000. Institutional investors and hedge funds own 1.21% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. Bank of America lowered Sasol from a “buy” rating to a “neutral” rating in a research report on Thursday. StockNews.com lowered shares of Sasol from a “buy” rating to a “hold” rating in a research report on Thursday.

Sasol Trading Down 4.3 %

NYSE SSL opened at $4.21 on Friday. The firm’s fifty day moving average is $4.84 and its two-hundred day moving average is $6.09. Sasol Limited has a one year low of $4.20 and a one year high of $9.33. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.58 and a current ratio of 2.33. The firm has a market cap of $2.73 billion, a PE ratio of 1.81, a P/E/G ratio of 0.12 and a beta of 2.31.

About Sasol

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.