Bank of New York Mellon Corp reduced its position in shares of Sasol Ltd. (NYSE:SSL) by 0.0% during the first quarter, Holdings Channel reports. The fund owned 11,709 shares of the oil and gas company’s stock after selling 5 shares during the period. Bank of New York Mellon Corp’s holdings in Sasol were worth $344,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. DUPONT CAPITAL MANAGEMENT Corp increased its position in shares of Sasol by 8.4% in the first quarter. DUPONT CAPITAL MANAGEMENT Corp now owns 201,154 shares of the oil and gas company’s stock worth $5,914,000 after buying an additional 15,553 shares during the last quarter. US Bancorp DE increased its position in shares of Sasol by 3.3% in the first quarter. US Bancorp DE now owns 108,301 shares of the oil and gas company’s stock worth $3,185,000 after buying an additional 3,422 shares during the last quarter. Pillar Pacific Capital Management LLC increased its position in shares of Sasol by 5.6% in the first quarter. Pillar Pacific Capital Management LLC now owns 90,357 shares of the oil and gas company’s stock worth $2,657,000 after buying an additional 4,760 shares during the last quarter. Capstone Asset Management Co. increased its position in shares of Sasol by 1.3% in the first quarter. Capstone Asset Management Co. now owns 31,782 shares of the oil and gas company’s stock worth $934,000 after buying an additional 420 shares during the last quarter. Finally, Profund Advisors LLC increased its position in shares of Sasol by 24.8% in the first quarter. Profund Advisors LLC now owns 21,443 shares of the oil and gas company’s stock worth $630,000 after buying an additional 4,264 shares during the last quarter. 2.31% of the stock is owned by hedge funds and other institutional investors.

Shares of Sasol Ltd. (NYSE:SSL) opened at 30.42 on Monday. Sasol Ltd. has a 52 week low of $24.85 and a 52 week high of $32.40. The firm has a 50-day moving average of $28.49 and a 200 day moving average of $29.35. The company has a market cap of $86.33 million, a P/E ratio of 16.62 and a beta of 0.89.

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A number of research analysts recently commented on SSL shares. BidaskClub raised shares of Sasol from a “sell” rating to a “hold” rating in a report on Tuesday, June 27th. J P Morgan Chase & Co downgraded shares of Sasol from an “overweight” rating to a “neutral” rating in a report on Tuesday, July 18th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy”.

About Sasol

Sasol Limited is an international integrated chemicals and energy company. The Company develops and commercializes technologies, and builds and operates facilities to produce a range of product streams, including liquid fuels, chemicals and low-carbon electricity. The Company’s operating business units include Mining and, Exploration and Production International.

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Institutional Ownership by Quarter for Sasol (NYSE:SSL)

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