Sasol Limited (NYSE:SSL) Shares Bought by BNP Paribas Financial Markets

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

A number of other institutional investors and hedge funds have also recently bought and sold shares of SSL. ABC Arbitrage SA purchased a new stake in shares of Sasol in the fourth quarter valued at about $730,000. American Century Companies Inc. raised its holdings in shares of Sasol by 6.1% in the fourth quarter. American Century Companies Inc. now owns 659,263 shares of the oil and gas company's stock valued at $3,006,000 after buying an additional 38,029 shares during the last quarter. SBI Securities Co. Ltd. purchased a new stake in shares of Sasol in the fourth quarter valued at about $50,000. Rhumbline Advisers raised its holdings in shares of Sasol by 191.6% in the fourth quarter. Rhumbline Advisers now owns 15,129 shares of the oil and gas company's stock valued at $69,000 after buying an additional 9,940 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in shares of Sasol in the fourth quarter valued at about $54,000. 1.21% of the stock is owned by hedge funds and other institutional investors.

Sasol Stock Performance

NYSE SSL traded down $0.05 during trading hours on Wednesday, hitting $4.52. 605,461 shares of the stock were exchanged, compared to its average volume of 938,176. The company has a market cap of $2.93 billion, a price-to-earnings ratio of 1.99, a price-to-earnings-growth ratio of 0.17 and a beta of 0.71. Sasol Limited has a 12-month low of $2.78 and a 12-month high of $8.40. The stock has a 50-day moving average of $3.74 and a 200 day moving average of $4.41. The company has a quick ratio of 1.58, a current ratio of 2.33 and a debt-to-equity ratio of 0.89.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. Bank of America cut shares of Sasol from a "buy" rating to a "neutral" rating in a report on Thursday, February 6th. Wall Street Zen cut shares of Sasol from a "buy" rating to a "hold" rating in a report on Friday, May 16th.

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.