Jane Street Group LLC lifted its position in Sasol Limited (NYSE:SSL - Free Report) by 962.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 117,288 shares of the oil and gas company's stock after purchasing an additional 106,249 shares during the period. Jane Street Group LLC's holdings in Sasol were worth $535,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Lindbrook Capital LLC increased its stake in shares of Sasol by 76.8% in the fourth quarter. Lindbrook Capital LLC now owns 7,194 shares of the oil and gas company's stock worth $33,000 after purchasing an additional 3,125 shares in the last quarter. Essential Planning LLC. purchased a new stake in shares of Sasol in the fourth quarter worth $46,000. Apollon Wealth Management LLC purchased a new stake in shares of Sasol in the fourth quarter worth $46,000. HighTower Advisors LLC purchased a new stake in shares of Sasol in the fourth quarter worth $49,000. Finally, SBI Securities Co. Ltd. purchased a new stake in shares of Sasol in the fourth quarter worth $50,000. 1.21% of the stock is owned by hedge funds and other institutional investors.
Sasol Price Performance
NYSE SSL traded up $0.15 on Monday, reaching $4.59. The company had a trading volume of 2,089,592 shares, compared to its average volume of 943,687. The company has a quick ratio of 1.58, a current ratio of 2.33 and a debt-to-equity ratio of 0.89. The stock has a market capitalization of $2.97 billion, a PE ratio of 2.02, a price-to-earnings-growth ratio of 0.17 and a beta of 0.71. The firm's 50 day moving average price is $3.77 and its 200 day moving average price is $4.39. Sasol Limited has a 12 month low of $2.78 and a 12 month high of $8.40.
Wall Street Analyst Weigh In
A number of analysts have issued reports on SSL shares. Wall Street Zen downgraded shares of Sasol from a "buy" rating to a "hold" rating in a report on Friday, May 16th. Bank of America downgraded shares of Sasol from a "buy" rating to a "neutral" rating in a report on Thursday, February 6th.
Read Our Latest Report on Sasol
About Sasol
(
Free Report)
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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