Trexquant Investment LP Has $1.85 Million Stock Holdings in Sasol Ltd. $SSL

Key Points

• Trexquant Investment LP significantly increased its stake in Sasol Ltd. by 368.2% during Q1, now owning 437,517 shares valued at approximately $1.85 million.
• Other investors, including Millennium Management and Two Sigma, also raised their holdings in Sasol drastically during the 4th quarter, indicating growing institutional interest in the company.
• Sasol has recently been upgraded from a "hold" to a "buy" rating by Wall Street Zen, reflecting a more optimistic outlook on the stock.

Trexquant Investment LP raised its position in shares of Sasol Ltd. (NYSE:SSL - Free Report) by 368.2% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 437,517 shares of the oil and gas company's stock after purchasing an additional 344,066 shares during the period. Trexquant Investment LP owned 0.07% of Sasol worth $1,851,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of SSL. Millennium Management LLC boosted its stake in Sasol by 2,401.8% during the 4th quarter. Millennium Management LLC now owns 825,444 shares of the oil and gas company's stock valued at $3,764,000 after purchasing an additional 792,450 shares during the period. Two Sigma Investments LP boosted its stake in Sasol by 100.7% during the 4th quarter. Two Sigma Investments LP now owns 1,054,238 shares of the oil and gas company's stock valued at $4,807,000 after purchasing an additional 528,860 shares during the period. Two Sigma Advisers LP boosted its stake in Sasol by 108.8% during the 4th quarter. Two Sigma Advisers LP now owns 610,200 shares of the oil and gas company's stock valued at $2,783,000 after purchasing an additional 317,900 shares during the period. D. E. Shaw & Co. Inc. boosted its stake in Sasol by 185.1% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 258,800 shares of the oil and gas company's stock valued at $1,180,000 after purchasing an additional 168,030 shares during the period. Finally, Point72 Asset Management L.P. boosted its stake in Sasol by 45.9% during the 4th quarter. Point72 Asset Management L.P. now owns 433,100 shares of the oil and gas company's stock valued at $1,975,000 after purchasing an additional 136,300 shares during the period. 1.21% of the stock is owned by institutional investors and hedge funds.

Sasol Price Performance

Shares of NYSE:SSL traded up $0.18 during trading on Friday, reaching $7.09. The company had a trading volume of 1,674,324 shares, compared to its average volume of 1,476,324. The firm's fifty day moving average is $5.56 and its 200 day moving average is $4.64. The firm has a market capitalization of $4.59 billion, a PE ratio of 3.12, a price-to-earnings-growth ratio of 0.38 and a beta of 0.81. Sasol Ltd. has a twelve month low of $2.78 and a twelve month high of $7.34. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.16 and a current ratio of 1.87.

Analyst Ratings Changes

Separately, Wall Street Zen raised shares of Sasol from a "buy" rating to a "strong-buy" rating in a research note on Sunday. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock has an average rating of "Hold".

Sasol 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.