Verition Fund Management LLC Buys New Shares in Sasol Limited (NYSE:SSL)

Verition Fund Management LLC purchased a new position in shares of Sasol Limited (NYSE:SSL) in the third quarter, HoldingsChannel.com reports. The firm purchased 15,672 shares of the oil and gas company’s stock, valued at approximately $106,000.

Several other hedge funds have also recently made changes to their positions in the business. Cubist Systematic Strategies LLC increased its holdings in 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 purchasing an additional 63,073 shares in the last quarter. Point72 Asset Management L.P. lifted its position in shares of 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 valued at $547,000 after acquiring an additional 58,000 shares during the period. Creative Planning boosted its stake in Sasol by 61.4% during the second quarter. Creative Planning now owns 118,941 shares of the oil and gas company’s stock worth $905,000 after acquiring an additional 45,243 shares in the last quarter. Cerity Partners LLC grew its holdings in Sasol by 173.2% in the third quarter. Cerity Partners LLC now owns 63,417 shares of the oil and gas company’s stock worth $429,000 after purchasing an additional 40,206 shares during the period. Finally, American Century Companies Inc. increased its stake 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 valued at $4,126,000 after purchasing an additional 35,818 shares in the last quarter. 1.21% of the stock is owned by institutional investors.

Sasol Trading Down 2.9 %

NYSE SSL opened at $4.90 on Tuesday. Sasol Limited has a 52 week low of $4.88 and a 52 week high of $10.27. The business has a 50 day moving average price of $5.70 and a 200-day moving average price of $6.73. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.58 and a current ratio of 2.33.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded Sasol from a “buy” rating to a “hold” rating in a research note on Tuesday, December 10th.

About Sasol

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.