Point72 Asset Management L.P. Increases Stake in Sasol Limited (NYSE:SSL)

Point72 Asset Management L.P. boosted its position in Sasol Limited (NYSE:SSL) by 417.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 71,900 shares of the oil and gas company’s stock after acquiring an additional 58,000 shares during the quarter. Point72 Asset Management L.P.’s holdings in Sasol were worth $547,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Pzena Investment Management LLC lifted its position in shares of Sasol by 53.0% during the 1st quarter. Pzena Investment Management LLC now owns 352,561 shares of the oil and gas company’s stock worth $2,754,000 after purchasing an additional 122,108 shares during the last quarter. Cubist Systematic Strategies LLC lifted its holdings in Sasol by 81,913.0% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 63,150 shares of the oil and gas company’s stock worth $481,000 after buying an additional 63,073 shares during the last quarter. Creative Planning boosted its position in shares of Sasol by 61.4% during the 2nd quarter. Creative Planning now owns 118,941 shares of the oil and gas company’s stock worth $905,000 after acquiring an additional 45,243 shares in the last quarter. American Century Companies Inc. increased its holdings in shares of Sasol by 7.1% in the 2nd quarter. American Century Companies Inc. now owns 542,205 shares of the oil and gas company’s stock valued at $4,126,000 after acquiring an additional 35,818 shares during the last quarter. Finally, Lazard Asset Management LLC acquired a new stake in shares of Sasol during the 1st quarter worth about $275,000. Institutional investors and hedge funds own 1.21% of the company’s stock.

Sasol Stock Up 0.7 %

Shares of SSL opened at $7.28 on Friday. The company has a debt-to-equity ratio of 0.89, a current ratio of 2.33 and a quick ratio of 1.58. Sasol Limited has a 1-year low of $6.22 and a 1-year high of $14.13. The firm has a fifty day moving average price of $7.30 and a 200 day moving average price of $7.42.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of Sasol from a “hold” rating to a “buy” rating in a research note on Thursday, August 29th.

Sasol Profile

Sasol Limited operates as an integrated chemical and energy company in South Africa. It offers alumina, such as battery materials, catalyst supports, abrasives and polishing, and polymer additives; cobalt fischer-tropsch; carbon-based products; recarburiser; graphite electrodes; mono-ethylene glycol, ethylene, propylene, sasfroth blends, sodium cyanide, caustic soda, hydrochloric acid, sulfuric acid, calcium chloride, chlorine, alcohols, aromatic blends, methyl alcohol, polyethylene, polypropylene, polyvinyl chloride, cresols, xylenols, phenols, limestone ammonium nitrate, ammonium nitrate solution, and nitric acid.