Essential Planning LLC. Takes $46,000 Position in Sasol Limited (NYSE:SSL)

Essential Planning LLC. acquired a new stake in Sasol Limited (NYSE:SSL) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 10,140 shares of the oil and gas company’s stock, valued at approximately $46,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Generali Investments CEE investicni spolecnost a.s. bought a new stake in shares of Sasol during the 4th quarter worth about $1,674,000. Point72 Asset Management L.P. boosted its holdings in shares of Sasol by 312.8% during the 3rd quarter. Point72 Asset Management L.P. now owns 296,800 shares of the oil and gas company’s stock worth $2,006,000 after buying an additional 224,900 shares during the period. ABC Arbitrage SA bought a new stake in shares of Sasol during the 4th quarter worth about $730,000. Public Employees Retirement System of Ohio bought a new stake in shares of Sasol during the 3rd quarter worth about $670,000. Finally, Cerity Partners LLC boosted its holdings in shares of Sasol by 173.2% during the 3rd quarter. Cerity Partners LLC now owns 63,417 shares of the oil and gas company’s stock worth $429,000 after buying an additional 40,206 shares during the period. Institutional investors own 1.21% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. Bank of America downgraded shares of Sasol from a “buy” rating to a “neutral” rating in a report on Thursday, February 6th. StockNews.com raised shares of Sasol from a “hold” rating to a “buy” rating in a report on Thursday, March 6th.

Sasol Stock Performance

NYSE SSL opened at $4.13 on Friday. 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 has a market capitalization of $2.67 billion, a P/E ratio of 1.82, a P/E/G ratio of 0.17 and a beta of 2.31. Sasol Limited has a 12-month low of $4.04 and a 12-month high of $9.33. The firm has a 50-day moving average price of $4.63 and a two-hundred day moving average price of $5.55.

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.