HighTower Advisors LLC Invests $49,000 in Sasol Limited (NYSE:SSL)

HighTower Advisors LLC purchased a new position in Sasol Limited (NYSE:SSL) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 10,823 shares of the oil and gas company’s stock, valued at approximately $49,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of SSL. Generali Investments CEE investicni spolecnost a.s. purchased a new stake in Sasol during the 4th quarter worth approximately $1,674,000. Point72 Asset Management L.P. grew its position in shares of Sasol by 312.8% during the third 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 in the last quarter. ABC Arbitrage SA bought a new stake in shares of Sasol in the fourth quarter worth $730,000. Public Employees Retirement System of Ohio acquired a new stake in Sasol in the third quarter valued at $670,000. Finally, Cerity Partners LLC boosted its stake in Sasol by 173.2% during the 3rd quarter. Cerity Partners LLC now owns 63,417 shares of the oil and gas company’s stock valued at $429,000 after acquiring an additional 40,206 shares during the last quarter. Hedge funds and other institutional investors own 1.21% of the company’s stock.

Sasol Price Performance

Shares of NYSE SSL opened at $3.24 on Friday. The company has a current ratio of 2.33, a quick ratio of 1.58 and a debt-to-equity ratio of 0.89. The company has a market capitalization of $2.10 billion, a price-to-earnings ratio of 1.43, a price-to-earnings-growth ratio of 0.17 and a beta of 1.72. Sasol Limited has a twelve month low of $3.12 and a twelve month high of $9.33. The business has a 50 day simple moving average of $4.37 and a 200-day simple moving average of $5.19.

Wall Street Analysts Forecast Growth

SSL has been the subject of several research analyst reports. Bank of America downgraded shares of Sasol from a “buy” rating to a “neutral” rating in a research report on Thursday, February 6th. StockNews.com lowered Sasol from a “buy” rating to a “hold” rating in a report on Sunday, March 30th.

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.