Barometer Capital Management Inc. Raises Stock Holdings in Sasol Ltd. $SSL

Barometer Capital Management Inc. boosted its position in shares of Sasol Ltd. (NYSE:SSL) by 258.7% in the first quarter, according to the company in its most recent filing with the SEC. The firm owned 99,000 shares of the oil and gas company’s stock after acquiring an additional 71,400 shares during the quarter. Barometer Capital Management Inc.’s holdings in Sasol were worth $1,283,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in SSL. Atlas Capital Advisors Inc. acquired a new position in shares of Sasol in the fourth quarter valued at about $35,000. Caitong International Asset Management Co. Ltd boosted its position in Sasol by 232.5% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 5,606 shares of the oil and gas company’s stock valued at $36,000 after buying an additional 3,920 shares during the last quarter. EverSource Wealth Advisors LLC boosted its position in Sasol by 347.3% in the second quarter. EverSource Wealth Advisors LLC now owns 8,960 shares of the oil and gas company’s stock valued at $40,000 after buying an additional 6,957 shares during the last quarter. Sivia Capital Partners LLC purchased a new stake in Sasol in the second quarter valued at approximately $52,000. Finally, Brevan Howard Capital Management LP acquired a new position in Sasol in the 3rd quarter worth approximately $63,000. Hedge funds and other institutional investors own 1.21% of the company’s stock.

Sasol Stock Up 0.7%

Sasol stock opened at $11.53 on Wednesday. Sasol Ltd. has a 52 week low of $4.77 and a 52 week high of $14.36. The business’s 50-day moving average price is $11.76 and its 200 day moving average price is $10.59. The company has a quick ratio of 1.09, a current ratio of 1.66 and a debt-to-equity ratio of 0.53.

Insider Transactions at Sasol

In other Sasol news, EVP Sarushen Dhanapalan Pillay sold 2,182 shares of the company’s stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $13.14, for a total value of $28,671.48. Following the sale, the executive vice president owned 16,313 shares in the company, valued at approximately $214,352.82. This represents a 11.80% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 1.00% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. UBS Group raised shares of Sasol from a “neutral” rating to a “buy” rating in a research report on Thursday, June 4th. Wall Street Zen downgraded shares of Sasol from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 20th. Investec began coverage on shares of Sasol in a research note on Wednesday, June 17th. They issued a “sell” rating on the stock. JPMorgan Chase & Co. reissued a “neutral” rating on shares of Sasol in a report on Monday, June 15th. Finally, Weiss Ratings upgraded shares of Sasol from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, July 10th. One investment analyst has rated the stock with a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Reduce”.

Sasol Profile

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.