FNY Investment Advisers LLC Sells 174,310 Shares of Sasol Ltd. $SSL

FNY Investment Advisers LLC trimmed its position in shares of Sasol Ltd. (NYSE:SSL) by 85.7% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 29,000 shares of the oil and gas company’s stock after selling 174,310 shares during the quarter. FNY Investment Advisers LLC’s holdings in Sasol were worth $180,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Millennium Management LLC raised its stake in shares of Sasol by 75.7% in the first quarter. Millennium Management LLC now owns 1,450,355 shares of the oil and gas company’s stock valued at $6,135,000 after acquiring an additional 624,911 shares during the period. Jane Street Group LLC boosted its stake in shares of Sasol by 31.9% during the 1st quarter. Jane Street Group LLC now owns 154,700 shares of the oil and gas company’s stock worth $654,000 after purchasing an additional 37,412 shares during the period. Sivia Capital Partners LLC purchased a new position in shares of Sasol during the 2nd quarter worth about $52,000. Savant Capital LLC bought a new position in Sasol during the 2nd quarter valued at about $160,000. Finally, SG Americas Securities LLC bought a new position in Sasol during the 2nd quarter valued at about $339,000. Institutional investors own 1.21% of the company’s stock.

Sasol Stock Performance

Shares of SSL opened at $12.40 on Friday. The company has a current ratio of 1.66, a quick ratio of 1.09 and a debt-to-equity ratio of 0.53. Sasol Ltd. has a 1-year low of $2.78 and a 1-year high of $12.67. The company has a 50-day moving average of $8.25 and a 200 day moving average of $7.06.

Wall Street Analyst Weigh In

SSL has been the subject of several analyst reports. UBS Group downgraded shares of Sasol from a “buy” rating to a “neutral” rating in a research note on Thursday, March 5th. JPMorgan Chase & Co. reaffirmed an “underweight” rating on shares of Sasol in a research note on Friday, January 16th. Zacks Research upgraded Sasol from a “hold” rating to a “strong-buy” rating in a report on Monday, February 23rd. Wall Street Zen raised Sasol from a “hold” rating to a “buy” rating in a research note on Saturday, March 14th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Sasol in a report on Wednesday, January 21st. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Sasol presently has a consensus rating of “Hold”.

Sasol Profile

Sasol Limited is an integrated energy and chemical company headquartered in Johannesburg, South Africa. The company’s core operations encompass the conversion of natural gas, coal and heavy hydrocarbons into liquid fuels and a wide array of chemical products. Sasol leverages proprietary Fischer-Tropsch and gas-to-liquids (GTL) technologies to deliver cleaner-burning diesel, jet fuel and naphtha, alongside solvents, surfactants and specialty polymers for industrial and consumer applications.

In addition to its GTL business, Sasol operates downstream facilities for the manufacture of alpha olefins, ethylene, propylene and other base-chemical intermediates.