Sasol Ltd. (NYSE:SSL) Receives Average Rating of “Reduce” from Analysts

Shares of Sasol Ltd. (NYSE:SSL) have been given an average recommendation of “Reduce” by the seven ratings firms that are presently covering the company, Marketbeat Ratings reports. Three investment analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and one has assigned a buy recommendation to the company.

A number of equities analysts have issued reports on the company. Investec assumed coverage on Sasol in a research note on Wednesday, June 17th. They set a “sell” rating for the company. UBS Group raised Sasol from a “neutral” rating to a “buy” rating in a research note on Thursday, June 4th. JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of Sasol in a research note on Monday, June 15th. Weiss Ratings lowered Sasol from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, July 28th. Finally, Wall Street Zen cut shares of Sasol from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 20th.

Sasol Trading Down 1.8%

NYSE SSL opened at $11.10 on Tuesday. Sasol has a 12 month low of $4.77 and a 12 month high of $14.36. The company’s 50 day simple moving average is $11.31 and its 200 day simple moving average is $10.98. The company has a current ratio of 1.66, a quick ratio of 1.09 and a debt-to-equity ratio of 0.53.

Insider Buying and Selling at Sasol

In other news, EVP Sarushen Dhanapalan Pillay sold 2,182 shares of the firm’s stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $13.14, for a total transaction of $28,671.48. Following the completion of the transaction, the executive vice president owned 16,313 shares in the company, valued at approximately $214,352.82. This trade represents a 11.80% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 1.00% of the company’s stock.

Institutional Trading of Sasol

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Parallel Advisors LLC boosted its holdings in Sasol by 4.6% during the first quarter. Parallel Advisors LLC now owns 20,894 shares of the oil and gas company’s stock worth $271,000 after buying an additional 915 shares in the last quarter. Laird Norton Wetherby Wealth Management LLC increased its holdings in shares of Sasol by 5.1% in the third 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. PDS Planning Inc lifted its position in shares of Sasol by 15.3% during the 4th quarter. PDS Planning Inc now owns 14,269 shares of the oil and gas company’s stock valued at $93,000 after acquiring an additional 1,893 shares during the last quarter. Integrated Wealth Concepts LLC lifted its position in shares of Sasol by 3.9% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 62,848 shares of the oil and gas company’s stock valued at $391,000 after acquiring an additional 2,334 shares during the last quarter. Finally, US Bancorp DE boosted its stake in shares of Sasol by 11.5% during the 3rd quarter. US Bancorp DE now owns 26,354 shares of the oil and gas company’s stock worth $164,000 after acquiring an additional 2,719 shares in the last quarter. 1.21% of the stock is owned by institutional investors and hedge funds.

Sasol Company Profile

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.