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

Sasol Ltd. (NYSE:SSL) has been assigned an average recommendation of “Hold” from the seven brokerages that are covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and two have assigned a buy recommendation to the company.

Several equities analysts recently commented on SSL shares. Investec began coverage on Sasol in a research note on Wednesday, June 17th. They issued a “sell” rating for the company. JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of Sasol in a research note on Monday, June 15th. Bank of America upgraded shares of Sasol from a “neutral” rating to a “buy” rating in a report on Wednesday, September 9th. Weiss Ratings raised shares of Sasol from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, September 2nd. Finally, Wall Street Zen raised shares of Sasol from a “hold” rating to a “strong-buy” rating in a research note on Saturday, September 5th.

Sasol Stock Down 0.8%

Sasol stock opened at $13.82 on Wednesday. Sasol has a 12-month low of $5.24 and a 12-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 firm’s 50-day moving average is $12.50 and its two-hundred day moving average is $12.30.

Sasol (NYSE:SSL) last announced its quarterly earnings data on Friday, August 14th. The oil and gas company reported $0.56 earnings per share (EPS) for the quarter. The firm had revenue of $4.61 billion for the quarter. On average, equities analysts anticipate that Sasol will post 2.71 EPS for the current fiscal year.

Insider Transactions at Sasol

In related news, EVP Vuyo Dominic Kahla sold 22,608 shares of the stock in a transaction on Tuesday, September 8th. The stock was sold at an average price of $12.70, for a total value of $287,121.60. Following the completion of the sale, the executive vice president directly owned 114,792 shares in the company, valued at approximately $1,457,858.40. This represents a 16.45% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Sandile Lawrence Siyaya sold 2,842 shares of the firm’s stock in a transaction dated Tuesday, September 8th. The shares were sold at an average price of $12.70, for a total value of $36,093.40. Following the sale, the executive vice president owned 301 shares in the company, valued at approximately $3,822.70. The trade was a 90.42% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 36,974 shares of company stock worth $469,570 over the last 90 days. Company insiders own 1.00% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Sequoia Financial Advisors LLC boosted its stake in shares of Sasol by 35.5% in the second quarter. Sequoia Financial Advisors LLC now owns 47,869 shares of the oil and gas company’s stock valued at $470,000 after purchasing an additional 12,529 shares during the period. Arlington Capital Management Inc. acquired a new position in Sasol in the 2nd quarter worth $255,000. Engineers Gate Manager LP boosted its position in Sasol by 146.6% in the 2nd quarter. Engineers Gate Manager LP now owns 83,589 shares of the oil and gas company’s stock valued at $821,000 after buying an additional 49,699 shares during the last quarter. Integrated Wealth Concepts LLC grew its stake in shares of Sasol by 38.7% during the second quarter. Integrated Wealth Concepts LLC now owns 107,176 shares of the oil and gas company’s stock valued at $1,052,000 after acquiring an additional 29,879 shares in the last quarter. Finally, Corient Private Wealth LP increased its position in shares of Sasol by 42.3% during the second quarter. Corient Private Wealth LP now owns 48,279 shares of the oil and gas company’s stock worth $474,000 after acquiring an additional 14,355 shares during the last quarter. 1.21% of the stock is owned by institutional investors and hedge funds.

About Sasol

Sasol Limited is an integrated chemicals and energy company headquartered in Johannesburg, South Africa. Founded in 1950, the company developed expertise in converting coal and other feedstocks into fuels and chemical products and remains known for its proprietary Fischer-Tropsch and related process technologies.

Sasol produces and markets fuels, solvents, alcohols, waxes, polymers, ammonia, and other chemical products used in industries such as manufacturing, mining, agriculture, automotive, and consumer goods.