Connor Clark & Lunn Investment Management Ltd. Sells 175,791 Shares of Sasol Limited (NYSE:SSL)

Connor Clark & Lunn Investment Management Ltd. lessened its holdings in shares of Sasol Limited (NYSE:SSL - Free Report) by 19.6% in the third quarter, according to its most recent filing with the SEC. The firm owned 723,162 shares of the oil and gas company's stock after selling 175,791 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned 0.11% of Sasol worth $4,889,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the business. American Century Companies Inc. grew its holdings in Sasol by 7.1% during the 2nd quarter. American Century Companies Inc. now owns 542,205 shares of the oil and gas company's stock worth $4,126,000 after acquiring an additional 35,818 shares during the period. Creative Planning grew its holdings in Sasol by 21.8% during the 3rd quarter. Creative Planning now owns 144,902 shares of the oil and gas company's stock worth $980,000 after acquiring an additional 25,961 shares during the period. O Shaughnessy Asset Management LLC grew its holdings in Sasol by 2.5% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 78,516 shares of the oil and gas company's stock worth $613,000 after acquiring an additional 1,900 shares during the period. Point72 Asset Management L.P. grew its holdings in Sasol by 417.3% during the 2nd quarter. Point72 Asset Management L.P. now owns 71,900 shares of the oil and gas company's stock worth $547,000 after acquiring an additional 58,000 shares during the period. Finally, Cubist Systematic Strategies LLC grew its holdings in shares of Sasol by 81,913.0% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 63,150 shares of the oil and gas company's stock valued at $481,000 after buying an additional 63,073 shares during the period. Institutional investors and hedge funds own 1.21% of the company's stock.

Analyst Upgrades and Downgrades

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

Sasol Stock Up 0.7 %

Shares of SSL stock traded up $0.04 on Friday, hitting $5.51. The stock had a trading volume of 594,807 shares, compared to its average volume of 1,049,678. Sasol Limited has a twelve month low of $5.14 and a twelve month high of $11.65. 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 has a fifty day moving average price of $6.31 and a two-hundred day moving average price of $6.98.

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.