BNP Paribas Financial Markets Purchases 63,244 Shares of Sasol Limited (NYSE:SSL)

BNP Paribas Financial Markets grew its position in shares of Sasol Limited (NYSE:SSL - Free Report) by 124.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 114,093 shares of the oil and gas company's stock after purchasing an additional 63,244 shares during the period. BNP Paribas Financial Markets' holdings in Sasol were worth $520,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Lindbrook Capital LLC boosted its holdings in Sasol by 76.8% in the fourth quarter. Lindbrook Capital LLC now owns 7,194 shares of the oil and gas company's stock valued at $33,000 after acquiring an additional 3,125 shares in the last quarter. Ameriprise Financial Inc. boosted its position in Sasol by 29.5% during the 4th quarter. Ameriprise Financial Inc. now owns 22,028 shares of the oil and gas company's stock valued at $100,000 after acquiring an additional 5,021 shares in the last quarter. Ballentine Partners LLC grew its holdings in shares of Sasol by 26.1% during the 4th quarter. Ballentine Partners LLC now owns 24,353 shares of the oil and gas company's stock worth $111,000 after acquiring an additional 5,045 shares during the period. Barclays PLC grew its holdings 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. Finally, Guggenheim Capital LLC boosted its position in shares of Sasol by 54.2% during the fourth quarter. Guggenheim Capital LLC now owns 20,605 shares of the oil and gas company's stock valued at $94,000 after purchasing an additional 7,240 shares in the last quarter. Institutional investors own 1.21% of the company's stock.

Analyst Upgrades and Downgrades

SSL has been the subject of several recent research reports. Wall Street Zen lowered Sasol from a "buy" rating to a "hold" rating in a research report on Friday, May 16th. Bank of America cut shares of Sasol from a "buy" rating to a "neutral" rating in a report on Thursday, February 6th.

Sasol Stock Up 0.2%

SSL stock traded up $0.01 on Tuesday, reaching $4.57. 1,870,024 shares of the company traded hands, compared to its average volume of 939,426. The company has a debt-to-equity ratio of 0.89, a current ratio of 2.33 and a quick ratio of 1.58. The firm has a fifty day simple moving average of $3.73 and a 200-day simple moving average of $4.41. Sasol Limited has a one year low of $2.78 and a one year high of $8.40. The company has a market cap of $2.96 billion, a P/E ratio of 2.01, a price-to-earnings-growth ratio of 0.17 and a beta of 0.71.

Sasol 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.