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

Renaissance Technologies LLC lessened its holdings in Sasol Limited (NYSE:SSL) by 50.5% during the 2nd quarter, HoldingsChannel reports. The firm owned 298,000 shares of the oil and gas company’s stock after selling 304,587 shares during the period. Renaissance Technologies LLC’s holdings in Sasol were worth $2,268,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Barometer Capital Management Inc. purchased a new position in shares of Sasol in the 4th quarter worth $117,000. CWM LLC raised its position in Sasol by 819.9% during the first quarter. CWM LLC now owns 3,330 shares of the oil and gas company’s stock valued at $26,000 after purchasing an additional 2,968 shares during the period. Ballentine Partners LLC bought a new stake in shares of Sasol in the 1st quarter valued at approximately $137,000. Greenleaf Trust boosted its holdings in shares of Sasol by 15.7% in the 1st quarter. Greenleaf Trust now owns 11,993 shares of the oil and gas company’s stock worth $94,000 after purchasing an additional 1,623 shares during the period. Finally, Sequoia Financial Advisors LLC bought a new position in shares of Sasol during the 1st quarter valued at approximately $131,000. Hedge funds and other institutional investors own 1.21% of the company’s stock.

Sasol Stock Up 0.4 %

Sasol stock opened at $6.79 on Wednesday. The company has a debt-to-equity ratio of 0.89, a current ratio of 2.33 and a quick ratio of 1.58. Sasol Limited has a 1-year low of $6.22 and a 1-year high of $14.13. The company’s 50-day moving average is $7.33 and its 200 day moving average is $7.42.

Analyst Ratings Changes

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

About Sasol

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.