Millennium Management LLC Buys 792,450 Shares of Sasol Limited (NYSE:SSL)

Millennium Management LLC lifted its holdings in Sasol Limited (NYSE:SSL - Free Report) by 2,401.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 825,444 shares of the oil and gas company's stock after acquiring an additional 792,450 shares during the period. Millennium Management LLC owned approximately 0.13% of Sasol worth $3,764,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. D. E. Shaw & Co. Inc. raised its position in shares of Sasol by 185.1% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 258,800 shares of the oil and gas company's stock worth $1,180,000 after purchasing an additional 168,030 shares during the period. Centiva Capital LP boosted its stake in Sasol by 72.7% during the 4th quarter. Centiva Capital LP now owns 69,003 shares of the oil and gas company's stock valued at $315,000 after purchasing an additional 29,044 shares during the last quarter. BNP Paribas Financial Markets increased its holdings in Sasol by 124.4% during the 4th quarter. BNP Paribas Financial Markets now owns 114,093 shares of the oil and gas company's stock worth $520,000 after purchasing an additional 63,244 shares in the last quarter. Ameriprise Financial Inc. increased its holdings 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 worth $100,000 after purchasing an additional 5,021 shares in the last quarter. Finally, Jane Street Group LLC raised its stake in shares of Sasol by 962.5% in the fourth quarter. Jane Street Group LLC now owns 117,288 shares of the oil and gas company's stock worth $535,000 after purchasing an additional 106,249 shares during the last quarter. Institutional investors own 1.21% of the company's stock.

Sasol Price Performance

NYSE:SSL traded down $0.05 during trading hours on Wednesday, hitting $4.67. The stock had a trading volume of 518,359 shares, compared to its average volume of 938,884. The company has a 50 day simple moving average of $3.79 and a two-hundred day simple moving average of $4.39. The firm has a market capitalization of $3.03 billion, a price-to-earnings ratio of 2.06, a P/E/G ratio of 0.17 and a beta of 0.79. The company has a debt-to-equity ratio of 0.89, a current ratio of 2.33 and a quick ratio of 1.58. Sasol Limited has a one year low of $2.78 and a one year high of $8.40.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on SSL. Wall Street Zen lowered shares of Sasol from a "buy" rating to a "hold" rating in a research note on Friday, May 16th. Bank of America lowered Sasol from a "buy" rating to a "neutral" rating in a report on Thursday, February 6th.

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.