Sasol (NYSE:SSL) EVP Victor Bester Sells 2,852 Shares of Stock

Sasol Ltd. (NYSE:SSL) EVP Victor Bester sold 2,852 shares of the company’s stock in a transaction on Tuesday, September 8th. The stock was sold at an average price of $12.70, for a total value of $36,220.40. Following the sale, the executive vice president owned 26,855 shares of the company’s stock, valued at approximately $341,058.50. This represents a 9.60% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Sasol Stock Down 0.0%

NYSE:SSL opened at $14.29 on Friday. Sasol Ltd. has a twelve month low of $5.24 and a twelve month high of $15.18. The company has a quick ratio of 1.17, a current ratio of 1.79 and a debt-to-equity ratio of 0.49. The stock’s 50-day simple moving average is $12.35 and its 200 day simple moving average is $12.21.

Sasol (NYSE:SSL) last issued its earnings results on Friday, August 14th. The oil and gas company reported $0.56 EPS for the quarter. The business had revenue of $4.61 billion for the quarter. Equities analysts predict that Sasol Ltd. will post 2.71 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on SSL shares. UBS Group upgraded shares of Sasol from a “neutral” rating to a “buy” rating in a report on Thursday, June 4th. Bank of America raised Sasol from a “neutral” rating to a “buy” rating in a report on Wednesday, September 9th. Wall Street Zen raised Sasol from a “hold” rating to a “strong-buy” rating in a report on Saturday, September 5th. Investec started coverage on Sasol in a report on Wednesday, June 17th. They issued a “sell” rating for the company. Finally, Zacks Research upgraded Sasol from a “strong sell” rating to a “hold” rating in a research report on Monday, August 31st. Two analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Sasol has a consensus rating of “Hold”.

Trending Headlines about Sasol

Here are the key news stories impacting Sasol this week:

• Neutral Sentiment: Analysts maintain a consensus “Hold” rating on Sasol, signaling limited conviction that the stock will outperform in the near term. Sasol Receives Consensus Hold Rating
• Negative Sentiment: Five Sasol executives, including CFO Walt Paul Bruns and EVP Vuyo Dominic Kahla, collectively sold 36,974 shares for approximately $469,570 at an average price of $12.70 on September 8. The sales reduced their individual holdings by roughly 4.6% to 90.4%, which could weigh on investor sentiment, although insider sales may also reflect personal financial planning rather than a negative outlook. Sasol Executive Insider Sale Filing

Hedge Funds Weigh In On Sasol

A number of hedge funds have recently modified their holdings of SSL. Assenagon Asset Management S.A. grew its stake in shares of Sasol by 123.3% in the second quarter. Assenagon Asset Management S.A. now owns 1,381,209 shares of the oil and gas company’s stock worth $13,563,000 after purchasing an additional 762,796 shares during the last quarter. Pictet Asset Management Holding SA bought a new position in Sasol during the 1st quarter worth $11,284,000. Arrowstreet Capital Limited Partnership raised its position in Sasol by 3.1% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 796,208 shares of the oil and gas company’s stock worth $10,319,000 after purchasing an additional 23,994 shares during the last quarter. Quantinno Capital Management LP lifted its holdings in Sasol by 40.6% during the 1st quarter. Quantinno Capital Management LP now owns 166,465 shares of the oil and gas company’s stock worth $2,157,000 after buying an additional 48,086 shares during the period. Finally, Public Employees Retirement System of Ohio grew its position in shares of Sasol by 14.3% in the 1st quarter. Public Employees Retirement System of Ohio now owns 159,063 shares of the oil and gas company’s stock valued at $2,061,000 after buying an additional 19,940 shares during the last quarter. Institutional investors and hedge funds own 1.21% of the company’s stock.

About Sasol

Sasol Limited is a South African integrated chemicals and energy company listed on the New York Stock Exchange under the symbol SSL. The company develops and commercializes technologies that convert coal and natural gas into fuels, chemicals and other value-added products, with operations and customers in South Africa and international markets.

Its portfolio includes liquid fuels, solvents, alcohols, surfactants, polymers, waxes, ammonia and other chemical products used in sectors such as mining, manufacturing, agriculture, automotive, personal care and household products.