Quadrant Capital Group LLC raised its position in shares of Sasol Limited (NYSE:SSL) by 100.0% in the second quarter, Holdings Channel.com reports. The fund owned 21,912 shares of the oil and gas company’s stock after buying an additional 10,955 shares during the quarter. Quadrant Capital Group LLC’s holdings in Sasol were worth $539,000 at the end of the most recent quarter.
Other hedge funds have also recently bought and sold shares of the company. Deutsche Bank AG grew its position in Sasol by 612.0% during the fourth quarter. Deutsche Bank AG now owns 171,007 shares of the oil and gas company’s stock valued at $5,008,000 after acquiring an additional 146,988 shares during the period. D. E. Shaw & Co. Inc. purchased a new stake in Sasol during the fourth quarter valued at about $357,000. Gilman Hill Asset Management LLC grew its position in Sasol by 9.7% during the first quarter. Gilman Hill Asset Management LLC now owns 16,315 shares of the oil and gas company’s stock valued at $505,000 after acquiring an additional 1,440 shares during the period. KCS Wealth Advisory grew its position in Sasol by 14.9% during the first quarter. KCS Wealth Advisory now owns 26,800 shares of the oil and gas company’s stock valued at $829,000 after acquiring an additional 3,470 shares during the period. Finally, Wedbush Securities Inc. purchased a new stake in Sasol during the first quarter valued at about $210,000.
Shares of NYSE SSL traded down $0.49 on Friday, hitting $20.73. The company had a trading volume of 102,131 shares, compared to its average volume of 218,893. Sasol Limited has a 12-month low of $20.69 and a 12-month high of $39.73. The company has a 50 day moving average price of $23.89. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.57 and a quick ratio of 0.96. The firm has a market cap of $13.25 billion, a price-to-earnings ratio of 10.01, a P/E/G ratio of 1.69 and a beta of 0.98.
Sasol Company Profile
Sasol Limited operates as an integrated chemical and energy company in South Africa. The company operates through Mining, Exploration and Production International, Energy, Base Chemicals, and Performance Chemicals segments. It operates coal mines; and develops and manages upstream interests in oil and gas exploration and production in Mozambique, South Africa, Australia, Canada, Gabon, and Australia.
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