FNY Investment Advisers LLC Invests $898,000 in Sasol Ltd. $SSL

Key Points

• FNY Investment Advisers LLC has invested approximately $898,000 in Sasol Ltd., acquiring 203,310 shares of the company in the second quarter.
• Analysts have mixed views on Sasol's stock, with Morgan Stanley downgrading it to "equal weight," while Wall Street Zen upgraded it to a "strong-buy" rating.
• Sasol's stock price has seen fluctuations over the past year, with a low of $2.78 and a high of $7.25, and it currently has a market capitalization of $3.45 billion.

FNY Investment Advisers LLC bought a new stake in shares of Sasol Ltd. (NYSE:SSL - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 203,310 shares of the oil and gas company's stock, valued at approximately $898,000.

Other large investors also recently added to or reduced their stakes in the company. Sivia Capital Partners LLC bought a new stake in Sasol during the second quarter valued at approximately $52,000. FORA Capital LLC bought a new stake in Sasol during the first quarter valued at approximately $55,000. Parallel Advisors LLC grew its position in Sasol by 119.9% during the second quarter. Parallel Advisors LLC now owns 17,169 shares of the oil and gas company's stock valued at $76,000 after buying an additional 9,360 shares during the period. Blue Trust Inc. grew its position in Sasol by 24.9% during the first quarter. Blue Trust Inc. now owns 17,229 shares of the oil and gas company's stock valued at $73,000 after buying an additional 3,433 shares during the period. Finally, Ballentine Partners LLC grew its position in Sasol by 47.3% during the second quarter. Ballentine Partners LLC now owns 19,572 shares of the oil and gas company's stock valued at $87,000 after buying an additional 6,283 shares during the period. 1.21% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. Morgan Stanley lowered shares of Sasol from an "overweight" rating to an "equal weight" rating in a research report on Monday, September 22nd. Weiss Ratings reaffirmed a "sell (d+)" rating on shares of Sasol in a report on Wednesday, October 8th. Finally, Wall Street Zen raised shares of Sasol from a "buy" rating to a "strong-buy" rating in a report on Saturday, October 11th. Two research analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Sasol has a consensus rating of "Reduce".

Sasol Price Performance

SSL stock opened at $5.32 on Wednesday. Sasol Ltd. has a one year low of $2.78 and a one year high of $7.25. The company's fifty day moving average price is $6.33 and its 200-day moving average price is $5.09. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.27 and a current ratio of 1.87. The company has a market capitalization of $3.45 billion, a PE ratio of 2.34, a price-to-earnings-growth ratio of 0.30 and a beta of 0.78.

Sasol Company 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.

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