Key Points
- Sasol EVP Sarushen Dhanapalan Pillay sold 2,182 shares on May 11 at an average price of $13.14, reducing his stake by 11.8% and generating about $28,671 in proceeds.
- Sasol shares were up 2.8% and opened at $13.50, trading near the top of their 52-week range of $3.82 to $14.36.
- Analyst sentiment is mixed, with the stock carrying an average “Hold” rating after recent upgrades and downgrades from major firms.
Sasol Ltd. (NYSE:SSL - Get Free Report) 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 sale, the executive vice president directly owned 16,313 shares in the company, valued at $214,352.82. This trade represents a 11.80% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Sasol Trading Up 2.8%
Shares of NYSE:SSL opened at $13.50 on Friday. The business's 50 day simple moving average is $12.40 and its 200-day simple moving average is $8.85. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.66 and a quick ratio of 1.09. Sasol Ltd. has a 12 month low of $3.82 and a 12 month high of $14.36.
Wall Street Analysts Forecast Growth
Several equities analysts have weighed in on the stock. The Goldman Sachs Group downgraded shares of Sasol from a "buy" rating to a "neutral" rating in a report on Monday, February 9th. UBS Group downgraded shares of Sasol from a "buy" rating to a "neutral" rating in a report on Thursday, March 5th. Zacks Research upgraded shares of Sasol from a "hold" rating to a "strong-buy" rating in a report on Tuesday, May 5th. Weiss Ratings restated a "sell (d+)" rating on shares of Sasol in a report on Monday, April 20th. Finally, Wall Street Zen upgraded shares of Sasol from a "hold" rating to a "buy" rating in a report on Saturday, March 14th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat, Sasol presently has an average rating of "Hold".
Read Our Latest Stock Analysis on Sasol
Institutional Trading of Sasol
Several hedge funds and other institutional investors have recently bought and sold shares of SSL. JPMorgan Chase & Co. grew its stake in Sasol by 1,627.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,025,934 shares of the oil and gas company's stock worth $6,381,000 after acquiring an additional 966,539 shares during the period. Pictet Asset Management Holding SA purchased a new stake in Sasol in the 1st quarter worth approximately $11,284,000. Millennium Management LLC grew its stake in Sasol by 75.7% in the 1st quarter. Millennium Management LLC now owns 1,450,355 shares of the oil and gas company's stock worth $6,135,000 after acquiring an additional 624,911 shares during the period. Assenagon Asset Management S.A. purchased a new stake in Sasol in the 1st quarter worth approximately $8,015,000. Finally, Voleon Capital Management LP purchased a new stake in Sasol in the 3rd quarter worth approximately $3,079,000. 1.21% of the stock is owned by hedge funds and other institutional investors.
About Sasol
(
Get Free Report)
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.
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