Blue Trust Inc. Sells 3,984 Shares of Sasol Ltd. $SSL

Blue Trust Inc. trimmed its position in Sasol Ltd. (NYSE:SSL) by 23.1% during the second quarter, Holdings Channel reports. The firm owned 13,245 shares of the oil and gas company’s stock after selling 3,984 shares during the quarter. Blue Trust Inc.’s holdings in Sasol were worth $59,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently modified their holdings of the company. Sivia Capital Partners LLC bought a new stake in shares of Sasol in the 2nd quarter valued at about $52,000. FORA Capital LLC bought a new stake in shares of Sasol in the 1st quarter valued at about $55,000. Parallel Advisors LLC raised its holdings in shares of Sasol by 119.9% in the 2nd quarter. Parallel Advisors LLC now owns 17,169 shares of the oil and gas company’s stock valued at $76,000 after purchasing an additional 9,360 shares during the period. Ballentine Partners LLC grew its stake in Sasol by 47.3% in the 2nd quarter. Ballentine Partners LLC now owns 19,572 shares of the oil and gas company’s stock valued at $87,000 after buying an additional 6,283 shares during the last quarter. Finally, QRG Capital Management Inc. grew its stake in Sasol by 22.8% in the 1st quarter. QRG Capital Management Inc. now owns 20,463 shares of the oil and gas company’s stock valued at $87,000 after buying an additional 3,803 shares during the last quarter. 1.21% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently commented on SSL. Morgan Stanley lowered shares of Sasol from an “overweight” rating to an “equal weight” rating in a research note on Monday, September 22nd. Weiss Ratings reiterated a “sell (d+)” rating on shares of Sasol in a research note on Wednesday, October 8th. Finally, Wall Street Zen upgraded shares of Sasol from a “buy” rating to a “strong-buy” rating in a research note on Saturday, October 11th. Two equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Reduce”.

Sasol Stock Performance

Shares of NYSE:SSL opened at $5.49 on Friday. The company’s 50 day moving average price is $6.32 and its two-hundred day moving average price is $5.06. Sasol Ltd. has a 12-month low of $2.78 and a 12-month high of $7.25. The firm has a market cap of $3.57 billion, a PE ratio of 2.42, a PEG ratio of 0.29 and a beta of 0.78. The company has a quick ratio of 1.27, a current ratio of 1.87 and a debt-to-equity ratio of 0.66.

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.