Sasol Ltd. (NYSE:SSL) Shares Bought by XTX Topco Ltd

Key Points

• XTX Topco Ltd increased its stake in Sasol Ltd by 549.7%, owning 101,974 shares valued at approximately $431,000 after acquiring 86,279 additional shares in the first quarter.
• Sasol's stock recently experienced a decline of 2.2% and has a current price of $4.92, with a market capitalization of $3.19 billion.
• Analysts, including Wall Street Zen, downgraded Sasol from a "buy" to a "hold" rating, signaling a potential shift in market sentiment regarding the company's outlook.

XTX Topco Ltd increased its stake in Sasol Ltd. (NYSE:SSL - Free Report) by 549.7% in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 101,974 shares of the oil and gas company's stock after acquiring an additional 86,279 shares during the quarter. XTX Topco Ltd's holdings in Sasol were worth $431,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Raymond James Financial Inc. purchased a new stake in shares of Sasol during the fourth quarter worth $54,000. Blue Trust Inc. grew its holdings in shares of Sasol by 24.9% during the first quarter. Blue Trust Inc. now owns 17,229 shares of the oil and gas company's stock worth $73,000 after buying an additional 3,433 shares in the last quarter. Two Sigma Securities LLC purchased a new stake in shares of Sasol during the fourth quarter worth $85,000. First Trust Advisors LP purchased a new stake in shares of Sasol during the fourth quarter worth $88,000. Finally, QRG Capital Management Inc. grew its holdings in shares of Sasol by 22.8% during the first quarter. QRG Capital Management Inc. now owns 20,463 shares of the oil and gas company's stock worth $87,000 after buying an additional 3,803 shares in the last quarter. Hedge funds and other institutional investors own 1.21% of the company's stock.

Sasol Trading Up 12.5%

Shares of SSL traded up $0.60 during mid-day trading on Tuesday, reaching $5.40. The stock had a trading volume of 1,993,323 shares, compared to its average volume of 1,178,865. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.84 and a quick ratio of 1.16. Sasol Ltd. has a 52-week low of $2.78 and a 52-week high of $8.40. The business's fifty day moving average is $5.00 and its 200 day moving average is $4.40. The firm has a market cap of $3.50 billion, a price-to-earnings ratio of 2.38, a P/E/G ratio of 0.17 and a beta of 0.76.

Analysts Set New Price Targets

Separately, Wall Street Zen lowered shares of Sasol from a "buy" rating to a "hold" rating in a report on Friday, May 16th.

About Sasol

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.