Connor Clark & Lunn Investment Management Ltd. lifted its holdings in Sasol Limited (NYSE:SSL - Free Report) by 9.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 792,140 shares of the oil and gas company's stock after purchasing an additional 68,978 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned about 0.12% of Sasol worth $3,612,000 as of its most recent SEC filing.
Other institutional investors have also recently made changes to their positions in the company. Lindbrook Capital LLC raised its stake in shares of Sasol by 76.8% during the 4th quarter. Lindbrook Capital LLC now owns 7,194 shares of the oil and gas company's stock valued at $33,000 after buying an additional 3,125 shares during the last quarter. Quantinno Capital Management LP raised its stake in shares of Sasol by 16.6% during the 3rd quarter. Quantinno Capital Management LP now owns 28,073 shares of the oil and gas company's stock valued at $190,000 after buying an additional 4,000 shares during the last quarter. Ballentine Partners LLC raised its stake in shares of Sasol by 26.1% during the 4th quarter. Ballentine Partners LLC now owns 24,353 shares of the oil and gas company's stock valued at $111,000 after buying an additional 5,045 shares during the last quarter. Barclays PLC raised its stake in shares of Sasol by 255.9% during the 3rd quarter. Barclays PLC now owns 9,912 shares of the oil and gas company's stock valued at $67,000 after buying an additional 7,127 shares during the last quarter. Finally, Blue Trust Inc. raised its stake in shares of Sasol by 80.4% during the 4th quarter. Blue Trust Inc. now owns 21,456 shares of the oil and gas company's stock valued at $98,000 after buying an additional 9,564 shares during the last quarter. Institutional investors and hedge funds own 1.21% of the company's stock.
Analysts Set New Price Targets
A number of equities analysts have weighed in on the company. StockNews.com lowered Sasol from a "buy" rating to a "hold" rating in a research note on Friday, March 14th. Bank of America lowered Sasol from a "buy" rating to a "neutral" rating in a research note on Thursday, February 6th.
View Our Latest Analysis on Sasol
Sasol Price Performance
NYSE:SSL traded down $0.08 during trading hours on Friday, hitting $4.15. 599,562 shares of the stock were exchanged, compared to its average volume of 814,264. Sasol Limited has a 52-week low of $4.04 and a 52-week high of $9.33. The firm's fifty day moving average price is $4.61 and its 200 day moving average price is $5.42. 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 $2.69 billion, a P/E ratio of 1.83, a P/E/G ratio of 0.17 and a beta of 2.31.
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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