Sasol Limited (NYSE:SSL) Shares Acquired by Point72 Asset Management L.P.

Point72 Asset Management L.P. raised its position in Sasol Limited (NYSE:SSL - Free Report) by 45.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 433,100 shares of the oil and gas company's stock after acquiring an additional 136,300 shares during the quarter. Point72 Asset Management L.P. owned approximately 0.07% of Sasol worth $1,975,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of SSL. Lindbrook Capital LLC boosted its stake in shares of Sasol by 76.8% in the 4th quarter. Lindbrook Capital LLC now owns 7,194 shares of the oil and gas company's stock valued at $33,000 after buying an additional 3,125 shares during the period. Essential Planning LLC. purchased a new stake in Sasol during the fourth quarter worth approximately $46,000. Apollon Wealth Management LLC purchased a new stake in Sasol during the fourth quarter worth approximately $46,000. HighTower Advisors LLC purchased a new stake in Sasol during the fourth quarter worth approximately $49,000. Finally, SBI Securities Co. Ltd. purchased a new stake in Sasol during the fourth quarter worth approximately $50,000. 1.21% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently weighed in on SSL shares. Bank of America cut Sasol from a "buy" rating to a "neutral" rating in a research note on Thursday, February 6th. Wall Street Zen cut Sasol from a "buy" rating to a "hold" rating in a research note on Friday, May 16th.

Sasol Stock Down 1.0%

SSL stock traded down $0.05 during trading on Tuesday, hitting $4.52. 1,074,824 shares of the company's stock were exchanged, compared to its average volume of 936,581. The stock has a market capitalization of $2.93 billion, a price-to-earnings ratio of 2.00, a PEG ratio of 0.17 and a beta of 0.71. Sasol Limited has a 52-week low of $2.78 and a 52-week high of $8.40. The business has a 50-day moving average price of $3.73 and a two-hundred day moving average price of $4.41. The company has a current ratio of 2.33, a quick ratio of 1.58 and a debt-to-equity ratio of 0.89.

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.