Ritholtz Wealth Management Buys 69,090 Shares of Sasol Ltd. $SSL

Ritholtz Wealth Management lifted its stake in shares of Sasol Ltd. (NYSE:SSL) by 72.0% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 165,029 shares of the oil and gas company’s stock after acquiring an additional 69,090 shares during the period. Ritholtz Wealth Management’s holdings in Sasol were worth $2,281,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Assenagon Asset Management S.A. grew its holdings in Sasol by 123.3% in the second quarter. Assenagon Asset Management S.A. now owns 1,381,209 shares of the oil and gas company’s stock worth $13,563,000 after purchasing an additional 762,796 shares during the period. Public Employees Retirement System of Ohio bought a new stake in Sasol in the second quarter valued at $1,084,000. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Sasol during the third quarter valued at about $1,085,000. Sanctuary Advisors LLC acquired a new position in shares of Sasol during the first quarter valued at about $1,231,000. Finally, Engineers Gate Manager LP raised its holdings in shares of Sasol by 146.6% during the second quarter. Engineers Gate Manager LP now owns 83,589 shares of the oil and gas company’s stock valued at $821,000 after purchasing an additional 49,699 shares during the period. Institutional investors and hedge funds own 1.21% of the company’s stock.

Insider Buying and Selling

In related news, CFO Walt Bruns sold 7,890 shares of the stock in a transaction on Tuesday, September 8th. The stock was sold at an average price of $12.70, for a total value of $100,203.00. Following the completion of the sale, the chief financial officer directly owned 54,628 shares of the company’s stock, valued at approximately $693,775.60. This represents a 12.62% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Sandile Lawrence Siyaya sold 2,842 shares of the firm’s stock in a transaction on Tuesday, September 8th. The shares were sold at an average price of $12.70, for a total value of $36,093.40. Following the transaction, the executive vice president owned 301 shares in the company, valued at approximately $3,822.70. This trade represents a 90.42% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 60,412 shares of company stock worth $800,983 in the last ninety days. Corporate insiders own 1.00% of the company’s stock.

Sasol Trading Down 0.1%

SSL stock traded down $0.02 during mid-day trading on Friday, reaching $14.31. 740,513 shares of the company traded hands, compared to its average volume of 1,873,610. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.79 and a quick ratio of 1.17. The firm’s 50 day moving average price is $14.98 and its 200 day moving average price is $12.21. Sasol Ltd. has a fifty-two week low of $5.97 and a fifty-two week high of $18.19.

Sasol (NYSE:SSL) last issued its quarterly earnings data on Friday, August 14th. The oil and gas company reported $0.56 EPS for the quarter. The company had revenue of $4.61 billion during the quarter. On average, analysts predict that Sasol Ltd. will post 2.99 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on SSL shares. Wall Street Zen raised shares of Sasol from a “hold” rating to a “strong-buy” rating in a research report on Saturday, September 5th. Zacks Research raised Sasol from a “hold” rating to a “strong-buy” rating in a research report on Monday, November 9th. Weiss Ratings raised Sasol from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, October 8th. Finally, Bank of America raised Sasol from a “neutral” rating to a “buy” rating in a research note on Wednesday, September 9th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold”.

Sasol Company Profile

Sasol is an integrated energy and chemicals company headquartered in South Africa. Founded in 1950, it developed expertise in converting coal and natural gas into liquid fuels and chemical products, including through Fischer-Tropsch technology. The company produces and markets fuels, such as gasoline, diesel and aviation fuel, as well as a broad range of chemicals used in industries including manufacturing, agriculture and consumer goods. Its activities span energy and chemicals value chains, from feedstock processing to product marketing.