Connor Clark & Lunn Investment Management Ltd. Has $3.61 Million Stock Position in Sasol Limited (NYSE:SSL)

Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of Sasol Limited (NYSE:SSL) by 9.5% in the 4th quarter, HoldingsChannel reports. The fund owned 792,140 shares of the oil and gas company’s stock after purchasing an additional 68,978 shares during the quarter. Connor Clark & Lunn Investment Management Ltd.’s holdings in Sasol were worth $3,612,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. Lindbrook Capital LLC lifted its holdings in Sasol by 76.8% during the 4th quarter. Lindbrook Capital LLC now owns 7,194 shares of the oil and gas company’s stock worth $33,000 after purchasing an additional 3,125 shares during the last quarter. Barclays PLC lifted its holdings in shares of Sasol by 255.9% during the third quarter. Barclays PLC now owns 9,912 shares of the oil and gas company’s stock worth $67,000 after buying an additional 7,127 shares in the last quarter. Apollon Wealth Management LLC bought a new stake in shares of Sasol in the fourth quarter valued at about $46,000. Essential Planning LLC. acquired a new stake in Sasol in the 4th quarter worth about $46,000. Finally, Sivia Capital Partners LLC acquired a new stake in shares of Sasol during the 4th quarter worth $49,000. Institutional investors own 1.21% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. Bank of America lowered Sasol from a “buy” rating to a “neutral” rating in a research report on Thursday, February 6th. StockNews.com downgraded Sasol from a “buy” rating to a “hold” rating in a research note on Friday.

Sasol Price Performance

Shares of NYSE:SSL opened at $4.36 on Tuesday. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.58 and a current ratio of 2.33. Sasol Limited has a 52 week low of $4.04 and a 52 week high of $9.33. The firm has a market cap of $2.82 billion, a PE ratio of 1.92, a price-to-earnings-growth ratio of 0.17 and a beta of 2.31. The firm’s fifty day moving average is $4.61 and its 200-day moving average is $5.46.

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.