Two Sigma Investments LP Increases Stock Position in Sasol Limited (NYSE:SSL)

Two Sigma Investments LP increased its position in Sasol Limited (NYSE:SSL - Free Report) by 100.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,054,238 shares of the oil and gas company's stock after acquiring an additional 528,860 shares during the period. Two Sigma Investments LP owned about 0.16% of Sasol worth $4,807,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Millennium Management LLC boosted its position in Sasol by 2,401.8% in the fourth quarter. Millennium Management LLC now owns 825,444 shares of the oil and gas company's stock worth $3,764,000 after purchasing an additional 792,450 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in shares of Sasol by 9.5% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 792,140 shares of the oil and gas company's stock worth $3,612,000 after buying an additional 68,978 shares during the last quarter. Renaissance Technologies LLC grew its position in Sasol by 119.0% during the fourth quarter. Renaissance Technologies LLC now owns 670,011 shares of the oil and gas company's stock valued at $3,055,000 after buying an additional 364,111 shares during the period. American Century Companies Inc. increased its holdings in Sasol by 6.1% during the fourth quarter. American Century Companies Inc. now owns 659,263 shares of the oil and gas company's stock valued at $3,006,000 after buying an additional 38,029 shares during the last quarter. Finally, Point72 Asset Management L.P. raised its position in Sasol by 45.9% in the fourth quarter. Point72 Asset Management L.P. now owns 433,100 shares of the oil and gas company's stock worth $1,975,000 after acquiring an additional 136,300 shares during the period. Hedge funds and other institutional investors own 1.21% of the company's stock.

Analysts Set New Price Targets

SSL has been the topic of a number of recent research reports. Bank of America cut Sasol from a "buy" rating to a "neutral" rating in a report on Thursday, February 6th. Wall Street Zen lowered shares of Sasol from a "buy" rating to a "hold" rating in a report on Friday, May 16th.

Sasol Price Performance

Shares of SSL traded down $0.17 during trading hours on Friday, reaching $4.44. 836,436 shares of the stock traded hands, compared to its average volume of 939,263. The company has a market cap of $2.88 billion, a P/E ratio of 1.96, a price-to-earnings-growth ratio of 0.17 and a beta of 0.71. The company has a current ratio of 2.33, a quick ratio of 1.58 and a debt-to-equity ratio of 0.89. The company's 50-day moving average price is $3.76 and its two-hundred day moving average price is $4.39. Sasol Limited has a 52-week low of $2.78 and a 52-week high of $8.40.

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.