US Bancorp DE Sells 4,824 Shares of Sasol Limited (NYSE:SSL)

US Bancorp DE lessened its position in Sasol Limited (NYSE:SSL) by 23.0% in the fourth quarter, HoldingsChannel.com reports. The fund owned 16,162 shares of the oil and gas company’s stock after selling 4,824 shares during the period. US Bancorp DE’s holdings in Sasol were worth $74,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently modified their holdings of the company. Quantinno Capital Management LP grew its holdings in Sasol by 16.6% during the third quarter. Quantinno Capital Management LP now owns 28,073 shares of the oil and gas company’s stock worth $190,000 after purchasing an additional 4,000 shares during the period. Ballentine Partners LLC lifted its position in shares of Sasol by 26.1% in the fourth quarter. Ballentine Partners LLC now owns 24,353 shares of the oil and gas company’s stock valued at $111,000 after buying an additional 5,045 shares during the last quarter. Barclays PLC boosted its stake in shares of Sasol by 255.9% during the 3rd quarter. Barclays PLC now owns 9,912 shares of the oil and gas company’s stock worth $67,000 after acquiring an additional 7,127 shares during the period. Blue Trust Inc. increased its holdings in shares of Sasol by 80.4% during the 4th quarter. Blue Trust Inc. now owns 21,456 shares of the oil and gas company’s stock worth $98,000 after acquiring an additional 9,564 shares during the last quarter. Finally, Rhumbline Advisers raised its stake in Sasol by 191.6% in the 4th quarter. Rhumbline Advisers now owns 15,129 shares of the oil and gas company’s stock valued at $69,000 after acquiring an additional 9,940 shares during the period. 1.21% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

SSL has been the subject of several research analyst reports. StockNews.com downgraded shares of Sasol from a “buy” rating to a “hold” rating in a report on Friday. Bank of America downgraded Sasol from a “buy” rating to a “neutral” rating in a research report on Thursday, February 6th.

Sasol Trading Up 0.6 %

Shares of Sasol stock opened at $4.36 on Tuesday. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.58 and a current ratio of 2.33. The firm has a 50-day moving average of $4.61 and a 200-day moving average of $5.46. Sasol Limited has a 52-week low of $4.04 and a 52-week high of $9.33. The stock has a market cap of $2.82 billion, a PE ratio of 1.92, a PEG ratio of 0.17 and a beta of 2.31.

Sasol Company 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.