Renaissance Technologies LLC lifted its position in Sasol Limited (NYSE:SSL - Free Report) by 119.0% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 670,011 shares of the oil and gas company's stock after purchasing an additional 364,111 shares during the period. Renaissance Technologies LLC owned 0.10% of Sasol worth $3,055,000 at the end of the most recent quarter.
Other large investors have also recently modified their holdings of the company. Lindbrook Capital LLC lifted its holdings in Sasol by 76.8% during the fourth 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. Apollon Wealth Management LLC purchased a new position in shares of Sasol during the 4th quarter valued at about $46,000. Essential Planning LLC. purchased a new stake in shares of Sasol in the fourth quarter valued at approximately $46,000. Sivia Capital Partners LLC purchased a new stake in shares of Sasol during the fourth quarter worth approximately $49,000. Finally, HighTower Advisors LLC purchased a new stake in Sasol in the 4th quarter valued at $49,000. Hedge funds and other institutional investors own 1.21% of the company's stock.
Sasol Trading Up 1.3 %
SSL traded up $0.05 during mid-day trading on Tuesday, hitting $3.58. 115,623 shares of the stock were exchanged, compared to its average volume of 896,979. The firm's fifty day moving average is $3.95 and its two-hundred day moving average is $4.73. Sasol Limited has a 1-year low of $2.78 and a 1-year high of $8.40. 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 has a market cap of $2.32 billion, a PE ratio of 1.57, a PEG ratio of 0.17 and a beta of 1.72.
Analysts Set New Price Targets
SSL has been the topic of several recent analyst reports. StockNews.com raised Sasol from a "hold" rating to a "buy" rating in a research note on Tuesday, April 22nd. Bank of America lowered Sasol from a "buy" rating to a "neutral" rating in a research note on Thursday, February 6th.
Check Out Our Latest Stock Analysis on Sasol
Sasol Profile
(
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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