Connor Clark & Lunn Investment Management Ltd. Acquires 68,978 Shares of Sasol Limited (NYSE:SSL)

Connor Clark & Lunn Investment Management Ltd. boosted its holdings in Sasol Limited (NYSE:SSL) by 9.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 792,140 shares of the oil and gas company’s stock after purchasing an additional 68,978 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned about 0.12% of Sasol worth $3,612,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in SSL. Lindbrook Capital LLC grew its holdings in shares of Sasol by 76.8% in the 4th quarter. Lindbrook Capital LLC now owns 7,194 shares of the oil and gas company’s stock valued at $33,000 after acquiring an additional 3,125 shares in the last quarter. Barclays PLC boosted its position in Sasol by 255.9% during the third quarter. Barclays PLC now owns 9,912 shares of the oil and gas company’s stock valued at $67,000 after purchasing an additional 7,127 shares during the last quarter. Apollon Wealth Management LLC bought a new position in Sasol in the fourth quarter valued at approximately $46,000. Essential Planning LLC. acquired a new position in shares of Sasol during the 4th quarter worth approximately $46,000. Finally, Sivia Capital Partners LLC bought a new stake in shares of Sasol during the 4th quarter worth approximately $49,000. 1.21% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Bank of America cut shares of Sasol from a “buy” rating to a “neutral” rating in a research note on Thursday, February 6th. StockNews.com lowered shares of Sasol from a “buy” rating to a “hold” rating in a research note on Friday.

Sasol Price Performance

NYSE:SSL opened at $4.36 on Tuesday. The company has a quick ratio of 1.58, a current ratio of 2.33 and a debt-to-equity ratio of 0.89. Sasol Limited has a 12-month low of $4.04 and a 12-month high of $9.33. The stock’s 50 day moving average price is $4.61 and its two-hundred day moving average price is $5.46. The firm has a market capitalization of $2.82 billion, a price-to-earnings ratio of 1.92, a P/E/G ratio of 0.17 and a beta of 2.31.

Sasol 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.