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

Shares of Sasol Ltd. (NYSE:SSL) have been given a consensus rating of “Hold” by the six ratings firms that are currently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and one has assigned a strong buy recommendation to the company.

A number of research analysts have issued reports on SSL shares. Zacks Research raised Sasol from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 5th. Wall Street Zen raised Sasol from a “hold” rating to a “buy” rating in a report on Saturday, March 14th. The Goldman Sachs Group downgraded Sasol from a “buy” rating to a “neutral” rating in a report on Monday, February 9th. Weiss Ratings raised Sasol from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, May 18th. Finally, UBS Group downgraded Sasol from a “buy” rating to a “neutral” rating in a report on Thursday, March 5th.

Sasol Stock Down 7.1%

Shares of NYSE:SSL opened at $12.50 on Thursday. Sasol has a 12-month low of $4.30 and a 12-month high of $14.36. The business has a 50 day moving average of $12.91 and a two-hundred day moving average of $9.26. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.66 and a quick ratio of 1.09.

Insider Transactions at Sasol

In other Sasol news, EVP Sarushen Dhanapalan Pillay sold 2,182 shares of the business’s stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $13.14, for a total value of $28,671.48. Following the completion of the transaction, the executive vice president directly owned 16,313 shares of the company’s stock, valued at approximately $214,352.82. The trade was a 11.80% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 1.00% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. Parallel Advisors LLC raised its stake in shares of Sasol by 4.6% during the 1st 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 during the period. Laird Norton Wetherby Wealth Management LLC raised its stake in shares of Sasol by 5.1% during the 3rd quarter. Laird Norton Wetherby Wealth Management LLC now owns 32,723 shares of the oil and gas company’s stock worth $204,000 after buying an additional 1,593 shares during the period. Ballentine Partners LLC raised its stake in shares of Sasol by 8.9% during the 3rd quarter. Ballentine Partners LLC now owns 21,317 shares of the oil and gas company’s stock worth $133,000 after buying an additional 1,745 shares during the period. PDS Planning Inc raised its stake 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 worth $93,000 after buying an additional 1,893 shares during the period. Finally, Integrated Wealth Concepts LLC raised its stake 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 worth $391,000 after buying an additional 2,334 shares during the period. 1.21% of the stock is owned by institutional investors and hedge funds.

About Sasol

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.