Sasol Limited (NYSE:SSL) Stock Holdings Lifted by Point72 Asset Management L.P.

Point72 Asset Management L.P. lifted its position in shares of Sasol Limited (NYSE:SSL - Free Report) by 312.8% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 296,800 shares of the oil and gas company's stock after acquiring an additional 224,900 shares during the period. Point72 Asset Management L.P.'s holdings in Sasol were worth $2,006,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of the company. Cubist Systematic Strategies LLC raised its holdings in shares of Sasol by 81,913.0% during the second 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 last quarter. Creative Planning grew its stake in shares of Sasol by 61.4% in the second quarter. Creative Planning now owns 118,941 shares of the oil and gas company's stock worth $905,000 after purchasing an additional 45,243 shares in the last quarter. Cerity Partners LLC increased its holdings in shares of Sasol by 173.2% during the third quarter. Cerity Partners LLC now owns 63,417 shares of the oil and gas company's stock valued at $429,000 after purchasing an additional 40,206 shares during the period. American Century Companies Inc. lifted its holdings in Sasol by 7.1% in the second quarter. American Century Companies Inc. now owns 542,205 shares of the oil and gas company's stock worth $4,126,000 after purchasing an additional 35,818 shares during the period. Finally, Net Worth Advisory Group bought a new position in Sasol in the 3rd quarter valued at about $145,000. Institutional investors and hedge funds own 1.21% of the company's stock.

Sasol Stock Down 1.1 %

Shares of SSL stock traded down $0.06 during mid-day trading on Tuesday, hitting $5.30. 877,411 shares of the stock traded hands, compared to its average volume of 722,461. The company has a quick ratio of 1.58, a current ratio of 2.33 and a debt-to-equity ratio of 0.89. The company's 50-day simple moving average is $5.90 and its 200-day simple moving average is $6.80. Sasol Limited has a twelve month low of $4.90 and a twelve month high of $10.27.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of Sasol from a "hold" rating to a "buy" rating in a 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.