ABC Arbitrage SA Purchases New Shares in Sasol Limited (NYSE:SSL)

ABC Arbitrage SA acquired a new stake in shares of Sasol Limited (NYSE:SSL - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 160,000 shares of the oil and gas company's stock, valued at approximately $730,000.

Several other institutional investors have also added to or reduced their stakes in SSL. Creative Planning lifted its holdings in Sasol by 21.8% in the third quarter. Creative Planning now owns 144,902 shares of the oil and gas company's stock valued at $980,000 after acquiring an additional 25,961 shares during the period. Net Worth Advisory Group purchased a new position in Sasol in the 3rd quarter valued at $145,000. Blue Trust Inc. raised its holdings in Sasol by 145.2% in the 3rd quarter. Blue Trust Inc. now owns 11,892 shares of the oil and gas company's stock valued at $80,000 after acquiring an additional 7,043 shares during the last quarter. Private Advisor Group LLC acquired a new position in Sasol during the third quarter worth $94,000. Finally, Greenleaf Trust purchased a new position in Sasol during the third quarter worth about $134,000. Institutional investors and hedge funds own 1.21% of the company's stock.

Sasol Stock Down 2.4 %

NYSE SSL traded down $0.11 during trading hours on Wednesday, reaching $4.36. The company's stock had a trading volume of 883,033 shares, compared to its average volume of 1,302,976. Sasol Limited has a fifty-two week low of $4.20 and a fifty-two week high of $9.33. The company has a debt-to-equity ratio of 0.89, a current ratio of 2.33 and a quick ratio of 1.58. The company's 50-day moving average is $4.74 and its two-hundred day moving average is $5.88.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on SSL. StockNews.com cut shares of Sasol from a "buy" rating to a "hold" rating in a research report on Thursday, February 6th. Bank of America downgraded Sasol from a "buy" rating to a "neutral" rating in a research note on Thursday, February 6th.

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.