Point72 Asset Management L.P. Buys 224,900 Shares of Sasol Limited (NYSE:SSL)

Point72 Asset Management L.P. increased its stake in Sasol Limited (NYSE:SSL) by 312.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 296,800 shares of the oil and gas company’s stock after purchasing an additional 224,900 shares during the quarter. Point72 Asset Management L.P.’s holdings in Sasol were worth $2,006,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of SSL. CWM LLC lifted its position in shares of Sasol by 62.7% during the 2nd quarter. CWM LLC now owns 5,417 shares of the oil and gas company’s stock valued at $41,000 after buying an additional 2,087 shares during the last quarter. Sequoia Financial Advisors LLC raised its stake in Sasol by 30.9% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 21,997 shares of the oil and gas company’s stock valued at $167,000 after acquiring an additional 5,195 shares during the period. Blue Trust Inc. lifted its holdings in Sasol by 247.6% during the second quarter. Blue Trust Inc. now owns 4,849 shares of the oil and gas company’s stock valued at $38,000 after purchasing an additional 3,454 shares during the last quarter. HB Wealth Management LLC bought a new position in Sasol during the second quarter worth about $81,000. Finally, Signaturefd LLC boosted its position in Sasol by 28.1% during the second quarter. Signaturefd LLC now owns 23,990 shares of the oil and gas company’s stock worth $183,000 after purchasing an additional 5,269 shares during the period. Hedge funds and other institutional investors own 1.21% of the company’s stock.

Sasol Stock Performance

NYSE:SSL opened at $5.36 on Tuesday. Sasol Limited has a 1 year low of $4.90 and a 1 year high of $10.27. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.58 and a current ratio of 2.33. The stock’s fifty day moving average price is $5.90 and its two-hundred day moving average price is $6.80.

Analyst Ratings Changes

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

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.