Quantinno Capital Management LP Buys 48,086 Shares of Sasol Ltd. $SSL

Quantinno Capital Management LP increased its stake in shares of Sasol Ltd. (NYSE:SSL) by 40.6% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 166,465 shares of the oil and gas company’s stock after acquiring an additional 48,086 shares during the period. Quantinno Capital Management LP’s holdings in Sasol were worth $2,157,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the stock. Parallel Advisors LLC boosted its position in Sasol by 4.6% during the first quarter. Parallel Advisors LLC now owns 20,894 shares of the oil and gas company’s stock worth $271,000 after purchasing an additional 915 shares during the period. Laird Norton Wetherby Wealth Management LLC raised its position in shares of Sasol by 5.1% in the third quarter. Laird Norton Wetherby Wealth Management LLC now owns 32,723 shares of the oil and gas company’s stock valued at $204,000 after purchasing an additional 1,593 shares during the period. PDS Planning Inc lifted its stake in shares of Sasol by 15.3% in the fourth quarter. PDS Planning Inc now owns 14,269 shares of the oil and gas company’s stock worth $93,000 after buying an additional 1,893 shares during the last quarter. Integrated Wealth Concepts LLC boosted its holdings in shares of Sasol by 3.9% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 62,848 shares of the oil and gas company’s stock worth $391,000 after buying an additional 2,334 shares during the period. Finally, US Bancorp DE boosted its holdings in shares of Sasol by 11.5% during the 3rd quarter. US Bancorp DE now owns 26,354 shares of the oil and gas company’s stock worth $164,000 after buying an additional 2,719 shares during the period. 1.21% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on SSL shares. Wall Street Zen lowered Sasol from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 20th. JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of Sasol in a research note on Monday, June 15th. Zacks Research cut Sasol from a “hold” rating to a “strong sell” rating in a research report on Wednesday, July 8th. UBS Group upgraded Sasol from a “neutral” rating to a “buy” rating in a research note on Thursday, June 4th. Finally, Weiss Ratings cut Sasol from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, July 28th. One investment analyst has rated the stock with a Buy rating, three have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Reduce”.

Sasol Trading Up 4.2%

Shares of SSL opened at $11.53 on Tuesday. The company has a current ratio of 1.66, a quick ratio of 1.09 and a debt-to-equity ratio of 0.53. The stock has a fifty day moving average price of $11.29 and a two-hundred day moving average price of $11.05. Sasol Ltd. has a 52-week low of $4.77 and a 52-week high of $14.36.

About Sasol

Sasol Limited is an integrated energy and chemical company headquartered in Johannesburg, South Africa. The company’s core operations encompass the conversion of natural gas, coal and heavy hydrocarbons into liquid fuels and a wide array of chemical products. Sasol leverages proprietary Fischer-Tropsch and gas-to-liquids (GTL) technologies to deliver cleaner-burning diesel, jet fuel and naphtha, alongside solvents, surfactants and specialty polymers for industrial and consumer applications.

In addition to its GTL business, Sasol operates downstream facilities for the manufacture of alpha olefins, ethylene, propylene and other base-chemical intermediates.