Renaissance Technologies LLC Sells 304,587 Shares of Sasol Limited (NYSE:SSL)

Renaissance Technologies LLC lowered its position in shares of Sasol Limited (NYSE:SSL) by 50.5% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 298,000 shares of the oil and gas company’s stock after selling 304,587 shares during the quarter. Renaissance Technologies LLC’s holdings in Sasol were worth $2,268,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of SSL. American Century Companies Inc. raised its position in shares of Sasol by 7.1% during the 2nd 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 during the period. Pzena Investment Management LLC raised its holdings in Sasol by 53.0% during the first quarter. Pzena Investment Management LLC now owns 352,561 shares of the oil and gas company’s stock valued at $2,754,000 after acquiring an additional 122,108 shares during the period. O Shaughnessy Asset Management LLC lifted its position 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 valued at $613,000 after acquiring an additional 1,900 shares in the last quarter. Ritholtz Wealth Management boosted its stake in shares of Sasol by 6.3% in the second quarter. Ritholtz Wealth Management now owns 57,825 shares of the oil and gas company’s stock worth $440,000 after acquiring an additional 3,416 shares during the period. Finally, Van ECK Associates Corp boosted its stake in shares of Sasol by 7.4% in the second quarter. Van ECK Associates Corp now owns 36,974 shares of the oil and gas company’s stock worth $281,000 after acquiring an additional 2,535 shares during the period. 1.21% of the stock is currently owned by institutional investors.

Sasol Trading Up 0.4 %

Sasol stock opened at $6.79 on Wednesday. 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 firm’s 50 day moving average price is $7.33 and its 200-day moving average price is $7.42. Sasol Limited has a 1 year low of $6.22 and a 1 year high of $14.13.

Wall Street Analyst Weigh In

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

Sasol Profile

Sasol Limited operates as an integrated chemical and energy company in South Africa. It offers alumina, such as battery materials, catalyst supports, abrasives and polishing, and polymer additives; cobalt fischer-tropsch; carbon-based products; recarburiser; graphite electrodes; mono-ethylene glycol, ethylene, propylene, sasfroth blends, sodium cyanide, caustic soda, hydrochloric acid, sulfuric acid, calcium chloride, chlorine, alcohols, aromatic blends, methyl alcohol, polyethylene, polypropylene, polyvinyl chloride, cresols, xylenols, phenols, limestone ammonium nitrate, ammonium nitrate solution, and nitric acid.