Sasol Limited (NYSE:SSL) Holdings Raised by Pzena Investment Management LLC

Pzena Investment Management LLC lifted its stake in shares of Sasol Limited (NYSE:SSL) by 53.0% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 352,561 shares of the oil and gas company’s stock after purchasing an additional 122,108 shares during the quarter. Pzena Investment Management LLC owned about 0.06% of Sasol worth $2,754,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. BNP Paribas Financial Markets grew its holdings in Sasol by 7,100.7% during the fourth quarter. BNP Paribas Financial Markets now owns 65,814 shares of the oil and gas company’s stock worth $654,000 after acquiring an additional 64,900 shares during the period. Jump Financial LLC grew its holdings in Sasol by 218.7% during the fourth quarter. Jump Financial LLC now owns 83,712 shares of the oil and gas company’s stock worth $832,000 after acquiring an additional 57,442 shares during the period. American Century Companies Inc. grew its holdings in Sasol by 13.9% during the third quarter. American Century Companies Inc. now owns 387,880 shares of the oil and gas company’s stock worth $5,302,000 after acquiring an additional 47,446 shares during the period. Dynamic Technology Lab Private Ltd acquired a new position in Sasol during the fourth quarter worth about $460,000. Finally, Trexquant Investment LP grew its holdings in Sasol by 223.8% during the fourth quarter. Trexquant Investment LP now owns 61,859 shares of the oil and gas company’s stock worth $615,000 after acquiring an additional 42,753 shares during the period. 1.21% of the stock is currently owned by institutional investors.

Sasol Trading Down 2.8 %

SSL traded down $0.22 during trading on Wednesday, reaching $7.62. The company had a trading volume of 646,088 shares, compared to its average volume of 661,867. The firm’s 50-day simple moving average is $7.18 and its 200 day simple moving average is $7.90. Sasol Limited has a 12-month low of $6.22 and a 12-month high of $14.26.

Analysts Set New Price Targets

Separately, StockNews.com raised Sasol from a “hold” rating to a “buy” rating in a report on Wednesday, July 3rd.

About Sasol

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.