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

FNY Investment Advisers LLC lowered its stake in Sasol Ltd. (NYSE:SSL) by 85.7% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. 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 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in SSL. Ariadne Wealth Management LP grew its position in shares of Sasol by 82.4% during the third quarter. Ariadne Wealth Management LP now owns 21,467 shares of the oil and gas company’s stock valued at $147,000 after purchasing an additional 9,695 shares in the last quarter. Voleon Capital Management LP purchased a new stake in shares of Sasol in the third quarter worth about $3,079,000. Public Employees Retirement System of Ohio lifted its position in shares of Sasol by 6.4% in the third quarter. Public Employees Retirement System of Ohio now owns 101,896 shares of the oil and gas company’s stock worth $634,000 after buying an additional 6,168 shares in the last quarter. Mariner LLC boosted its stake in Sasol by 6.4% during the third quarter. Mariner LLC now owns 219,251 shares of the oil and gas company’s stock valued at $1,364,000 after buying an additional 13,097 shares during the last quarter. Finally, Laird Norton Wetherby Wealth Management LLC grew its holdings in Sasol by 5.1% during the 3rd quarter. Laird Norton Wetherby Wealth Management LLC now owns 32,723 shares of the oil and gas company’s stock valued at $204,000 after buying an additional 1,593 shares in the last quarter. Institutional investors own 1.21% of the company’s stock.

Wall Street Analysts Forecast Growth

SSL has been the topic of a number of research reports. JPMorgan Chase & Co. reaffirmed an “underweight” rating on shares of Sasol in a research note on Friday, January 16th. Zacks Research raised Sasol from a “hold” rating to a “strong-buy” rating in a report on Monday, February 23rd. UBS Group lowered shares of Sasol from a “buy” rating to a “neutral” rating in a report on Thursday, March 5th. Weiss Ratings reissued a “sell (d+)” rating on shares of Sasol in a report on Wednesday, January 21st. Finally, The Goldman Sachs Group downgraded shares of Sasol from a “buy” rating to a “neutral” rating in a research note on Monday, February 9th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold”.

Sasol Stock Up 3.0%

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

About Sasol

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.