Van ECK Associates Corp Has $229,000 Position in Sasol Limited (NYSE:SSL)

Van ECK Associates Corp reduced its position in shares of Sasol Limited (NYSE:SSL) by 8.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 33,802 shares of the oil and gas company’s stock after selling 3,172 shares during the quarter. Van ECK Associates Corp’s holdings in Sasol were worth $229,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. American Century Companies Inc. increased its stake in shares of 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 acquiring an additional 35,818 shares during the last quarter. Creative Planning increased its stake in shares of Sasol by 21.8% in the third 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 last quarter. O Shaughnessy Asset Management LLC increased its stake in shares of Sasol by 2.5% in the first 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 last quarter. Point72 Asset Management L.P. increased its stake in shares of Sasol by 417.3% in the second 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 last quarter. Finally, Cubist Systematic Strategies LLC increased its stake in shares of Sasol by 81,913.0% in the second quarter. Cubist Systematic Strategies LLC now owns 63,150 shares of the oil and gas company’s stock worth $481,000 after acquiring an additional 63,073 shares during the last quarter. 1.21% of the stock is owned by institutional investors and hedge funds.

Sasol Price Performance

Sasol stock opened at $5.41 on Thursday. Sasol Limited has a one year low of $5.30 and a one year high of $12.85. The company’s fifty day moving average price is $6.57 and its two-hundred day moving average price is $7.07. The company has a debt-to-equity ratio of 0.89, a current ratio of 2.33 and a quick ratio of 1.58.

Analysts Set New Price Targets

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

Sasol 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.