Cubist Systematic Strategies LLC Grows Position in Sasol Limited (NYSE:SSL)

Cubist Systematic Strategies LLC raised its stake in shares of Sasol Limited (NYSE:SSL) by 81,913.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 63,150 shares of the oil and gas company’s stock after acquiring an additional 63,073 shares during the period. Cubist Systematic Strategies LLC’s holdings in Sasol were worth $481,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. CWM LLC lifted its position in shares of Sasol by 819.9% during the first quarter. CWM LLC now owns 3,330 shares of the oil and gas company’s stock valued at $26,000 after purchasing an additional 2,968 shares in the last quarter. Mather Group LLC. purchased a new stake in shares of Sasol during the 2nd quarter valued at $28,000. Blue Trust Inc. raised its stake in shares of Sasol by 247.6% during the 2nd quarter. Blue Trust Inc. now owns 4,849 shares of the oil and gas company’s stock worth $38,000 after purchasing an additional 3,454 shares during the period. EverSource Wealth Advisors LLC boosted its holdings in shares of Sasol by 3,112.4% in the 1st quarter. EverSource Wealth Advisors LLC now owns 6,714 shares of the oil and gas company’s stock worth $52,000 after buying an additional 6,505 shares during the last quarter. Finally, PDS Planning Inc purchased a new position in shares of Sasol in the 1st quarter worth about $79,000. 1.21% of the stock is owned by hedge funds and other institutional investors.

Sasol Trading Up 0.7 %

Sasol stock opened at $7.28 on Friday. The business’s 50 day simple moving average is $7.30 and its 200 day simple moving average is $7.42. Sasol Limited has a 12 month low of $6.22 and a 12 month high of $14.13. The company has a current ratio of 2.33, a quick ratio of 1.58 and a debt-to-equity ratio of 0.89.

Wall Street Analyst Weigh In

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

Sasol Profile

Sasol Limited operates as an integrated chemical and energy company in South Africa. It offers alumina, such as battery materials, catalyst supports, abrasives and polishing, and polymer additives; cobalt fischer-tropsch; carbon-based products; recarburiser; graphite electrodes; mono-ethylene glycol, ethylene, propylene, sasfroth blends, sodium cyanide, caustic soda, hydrochloric acid, sulfuric acid, calcium chloride, chlorine, alcohols, aromatic blends, methyl alcohol, polyethylene, polypropylene, polyvinyl chloride, cresols, xylenols, phenols, limestone ammonium nitrate, ammonium nitrate solution, and nitric acid.