Cubist Systematic Strategies LLC Buys 28,026 Shares of Sasol Ltd. $SSL

Cubist Systematic Strategies LLC grew its stake in shares of Sasol Ltd. (NYSE:SSL) by 15.9% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 204,784 shares of the oil and gas company’s stock after purchasing an additional 28,026 shares during the period. Cubist Systematic Strategies LLC’s holdings in Sasol were worth $866,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Raymond James Financial Inc. bought a new stake in Sasol during the 4th quarter worth approximately $54,000. FORA Capital LLC bought a new stake in Sasol during the 1st quarter worth approximately $55,000. Blue Trust Inc. increased its holdings in Sasol by 24.9% during the 1st quarter. Blue Trust Inc. now owns 17,229 shares of the oil and gas company’s stock worth $73,000 after purchasing an additional 3,433 shares in the last quarter. QRG Capital Management Inc. increased its holdings in Sasol by 22.8% during the 1st quarter. QRG Capital Management Inc. now owns 20,463 shares of the oil and gas company’s stock worth $87,000 after purchasing an additional 3,803 shares in the last quarter. Finally, US Bancorp DE increased its holdings in Sasol by 27.5% during the 1st quarter. US Bancorp DE now owns 20,604 shares of the oil and gas company’s stock worth $87,000 after purchasing an additional 4,442 shares in the last quarter. 1.21% of the stock is owned by institutional investors.

Sasol Price Performance

Sasol stock opened at $6.89 on Wednesday. Sasol Ltd. has a 12 month low of $2.78 and a 12 month high of $7.34. The company has a current ratio of 1.87, a quick ratio of 1.27 and a debt-to-equity ratio of 0.66. The business’s 50 day simple moving average is $5.66 and its 200 day simple moving average is $4.67. The company has a market cap of $4.47 billion, a price-to-earnings ratio of 3.04, a PEG ratio of 0.38 and a beta of 0.81.

Analyst Ratings Changes

Separately, Wall Street Zen raised Sasol from a “buy” rating to a “strong-buy” rating in a report on Sunday. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock has an average rating of “Hold”.

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.