Millennium Management LLC increased its position in shares of Sasol Limited (NYSE:SSL - Free Report) by 2,401.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 825,444 shares of the oil and gas company's stock after purchasing an additional 792,450 shares during the quarter. Millennium Management LLC owned 0.13% of Sasol worth $3,764,000 as of its most recent SEC filing.
Other institutional investors have also recently made changes to their positions in the company. Lindbrook Capital LLC raised its stake in shares of Sasol by 76.8% during the 4th quarter. Lindbrook Capital LLC now owns 7,194 shares of the oil and gas company's stock worth $33,000 after buying an additional 3,125 shares during the period. Essential Planning LLC. acquired a new position in shares of Sasol during the 4th quarter worth about $46,000. Apollon Wealth Management LLC purchased a new position in Sasol in the 4th quarter valued at about $46,000. HighTower Advisors LLC purchased a new stake in Sasol during the 4th quarter worth approximately $49,000. Finally, SBI Securities Co. Ltd. acquired a new stake in shares of Sasol in the fourth quarter worth approximately $50,000. Hedge funds and other institutional investors own 1.21% of the company's stock.
Sasol Trading Up 3.5%
NYSE:SSL traded up $0.16 on Tuesday, reaching $4.74. The company's stock had a trading volume of 707,536 shares, compared to its average volume of 943,001. 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 price of $3.77 and a 200 day moving average price of $4.39. The firm has a market cap of $3.07 billion, a price-to-earnings ratio of 2.09, a price-to-earnings-growth ratio of 0.17 and a beta of 0.71. The company has a quick ratio of 1.58, a current ratio of 2.33 and a debt-to-equity ratio of 0.89.
Analyst Upgrades and Downgrades
Several brokerages have recently weighed in on SSL. Bank of America cut 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 research report on Friday, May 16th.
View 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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