Apollon Wealth Management LLC Purchases Shares of 10,000 Sasol Limited (NYSE:SSL)

Apollon Wealth Management LLC acquired a new position in shares of Sasol Limited (NYSE:SSL) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 10,000 shares of the oil and gas company’s stock, valued at approximately $46,000.

Other large investors have also recently added to or reduced their stakes in the company. Point72 Asset Management L.P. lifted its holdings in shares of Sasol by 312.8% during the third quarter. Point72 Asset Management L.P. now owns 296,800 shares of the oil and gas company’s stock valued at $2,006,000 after acquiring an additional 224,900 shares during the period. Creative Planning increased its holdings in shares of Sasol by 21.8% during the third quarter. Creative Planning now owns 144,902 shares of the oil and gas company’s stock worth $980,000 after buying an additional 25,961 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new stake in shares of Sasol during the third quarter worth approximately $670,000. Cerity Partners LLC boosted its holdings in shares of Sasol by 173.2% in the 3rd quarter. Cerity Partners LLC now owns 63,417 shares of the oil and gas company’s stock worth $429,000 after acquiring an additional 40,206 shares in the last quarter. Finally, XTX Topco Ltd boosted its holdings in shares of Sasol by 184.7% in the 3rd quarter. XTX Topco Ltd now owns 41,285 shares of the oil and gas company’s stock worth $279,000 after acquiring an additional 26,785 shares in the last quarter. Institutional investors and hedge funds own 1.21% of the company’s stock.

Sasol Trading Down 0.8 %

Shares of Sasol stock opened at $4.48 on Friday. The company has a debt-to-equity ratio of 0.89, a current ratio of 2.33 and a quick ratio of 1.58. The firm has a 50 day simple moving average of $4.77 and a 200 day simple moving average of $5.95. Sasol Limited has a fifty-two week low of $4.20 and a fifty-two week high of $9.33.

Analysts Set New Price Targets

A number of equities analysts have commented on SSL shares. StockNews.com lowered Sasol from a “buy” rating to a “hold” rating in a research note on Thursday, February 6th. Bank of America lowered Sasol from a “buy” rating to a “neutral” rating in a research note on Thursday, February 6th.

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.