Today, BB&T Corp Reduced the position of Sasol Ltd. (SSL)

Today, BB&T Corp Reduced the position of Sasol Ltd. (SSL)
BB&T Corp lowered its stake in shares of Sasol Ltd. (NYSE:SSL) by 6.8% during the third quarter, Holdings Channel reports. The fund owned 32,177 shares of the company’s stock after selling 2,365 shares during the period. BB&T Corp’s holdings in Sasol were worth $879,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Advisor Group Inc. bought a new position in Sasol during the second quarter valued at about $108,000. Quantbot Technologies LP increased its position in Sasol by 6.8% in the second quarter. Quantbot Technologies LP now owns 4,157 shares of the company’s stock valued at $112,000 after buying an additional 264 shares during the last quarter. Creative Planning increased its position in Sasol by 32.1% in the third quarter. Creative Planning now owns 4,148 shares of the company’s stock valued at $113,000 after buying an additional 1,009 shares during the last quarter. Independent Portfolio Consultants Inc. increased its position in Sasol by 3.4% in the second quarter. Independent Portfolio Consultants Inc. now owns 5,584 shares of the company’s stock valued at $151,000 after buying an additional 185 shares during the last quarter. Finally, Pacad Investment Ltd. bought a new position in Sasol during the second quarter valued at about $168,000. 4.50% of the stock is currently owned by institutional investors and hedge funds.

Sasol Ltd. (NYSE:SSL) traded down 1.05% during trading on Friday, hitting $26.32. 147,847 shares of the stock traded hands. Sasol Ltd. has a 52-week low of $21.07 and a 52-week high of $33.31. The stock has a market cap of $16.99 billion, a P/E ratio of 17.38 and a beta of 0.95. The company’s 50 day moving average price is $27.28 and its 200-day moving average price is $27.50.

Several equities analysts have issued reports on SSL shares. Citigroup Inc. raised shares of Sasol from a “neutral” rating to a “buy” rating in a report on Wednesday, September 14th. Bank of America Corp. raised shares of Sasol from a “neutral” rating to a “buy” rating in a report on Tuesday, August 16th. Zacks Investment Research raised shares of Sasol from a “sell” rating to a “hold” rating in a report on Wednesday, November 16th. Credit Suisse Group AG started coverage on shares of Sasol in a report on Monday, September 26th. They set an “outperform” rating on the stock. Finally, Morgan Stanley raised shares of Sasol from an “equal weight” rating to an “overweight” rating in a research note on Wednesday, August 10th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $35.00.

Sasol Company Profile

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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