Sasol Limited (NYSE:SSL) Shares Sold by Ballentine Partners LLC

Ballentine Partners LLC lowered its position in Sasol Limited (NYSE:SSL) by 17.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 14,596 shares of the oil and gas company’s stock after selling 3,004 shares during the quarter. Ballentine Partners LLC’s holdings in Sasol were worth $111,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Greenleaf Trust lifted its stake in shares of Sasol by 15.7% during the first quarter. Greenleaf Trust now owns 11,993 shares of the oil and gas company’s stock worth $94,000 after purchasing an additional 1,623 shares in the last quarter. O Shaughnessy Asset Management LLC lifted its stake in shares of Sasol by 2.5% during the first quarter. O Shaughnessy Asset Management LLC now owns 78,516 shares of the oil and gas company’s stock worth $613,000 after purchasing an additional 1,900 shares in the last quarter. CWM LLC lifted its stake in shares of Sasol by 62.7% during the second quarter. CWM LLC now owns 5,417 shares of the oil and gas company’s stock worth $41,000 after purchasing an additional 2,087 shares in the last quarter. Van ECK Associates Corp lifted its stake in shares of Sasol by 7.4% during the second quarter. Van ECK Associates Corp now owns 36,974 shares of the oil and gas company’s stock worth $281,000 after purchasing an additional 2,535 shares in the last quarter. Finally, Lindbrook Capital LLC lifted its stake in shares of Sasol by 148.9% during the first quarter. Lindbrook Capital LLC now owns 4,817 shares of the oil and gas company’s stock worth $38,000 after purchasing an additional 2,882 shares in the last quarter. Institutional investors and hedge funds own 1.21% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com raised Sasol from a “hold” rating to a “buy” rating in a research report on Thursday, August 29th.

Sasol Stock Up 0.6 %

Shares of NYSE SSL opened at $6.67 on Friday. Sasol Limited has a 1 year low of $6.22 and a 1 year high of $14.13. The stock’s 50-day simple moving average is $7.51 and its 200-day simple moving average is $7.48.

Sasol Profile

Sasol Limited operates as an integrated chemical and energy company in South Africa. It offers alumina, such as battery materials, catalyst supports, abrasives and polishing, and polymer additives; cobalt fischer-tropsch; carbon-based products; recarburiser; graphite electrodes; mono-ethylene glycol, ethylene, propylene, sasfroth blends, sodium cyanide, caustic soda, hydrochloric acid, sulfuric acid, calcium chloride, chlorine, alcohols, aromatic blends, methyl alcohol, polyethylene, polypropylene, polyvinyl chloride, cresols, xylenols, phenols, limestone ammonium nitrate, ammonium nitrate solution, and nitric acid.