Point72 Asset Management L.P. Boosts Holdings in Sasol Limited (NYSE:SSL)

Point72 Asset Management L.P. grew its stake in Sasol Limited (NYSE:SSL) by 45.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 433,100 shares of the oil and gas company’s stock after purchasing 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.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Lindbrook Capital LLC increased its position in shares of 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 purchasing an additional 3,125 shares in the last quarter. Essential Planning LLC. purchased a new stake in shares of Sasol during the fourth quarter worth $46,000. Apollon Wealth Management LLC acquired a new stake in shares of Sasol in the fourth quarter valued at about $46,000. HighTower Advisors LLC purchased a new position in shares of Sasol in the fourth quarter worth about $49,000. Finally, SBI Securities Co. Ltd. purchased a new position in shares of Sasol in the fourth quarter worth about $50,000. Hedge funds and other institutional investors own 1.21% of the company’s stock.

Analyst Ratings Changes

A number of analysts have commented on the stock. StockNews.com downgraded shares of Sasol from a “buy” rating to a “hold” rating in a report on Friday, May 16th. Bank of America lowered Sasol from a “buy” rating to a “neutral” rating in a research report on Thursday, February 6th.

Sasol Stock Up 2.2%

NYSE SSL opened at $4.52 on Thursday. The business’s fifty day simple moving average is $3.72 and its 200-day simple moving average is $4.46. The company has a quick ratio of 1.58, a current ratio of 2.33 and a debt-to-equity ratio of 0.89. The firm has a market cap of $2.93 billion, a PE ratio of 1.99, a P/E/G 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.

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.