Key Points
- Sasol CFO Walt Paul Bruns sold 7,890 shares at an average price of $12.70, totaling approximately $100,203. Following the transaction, he retained 54,628 shares, a 12.62% reduction in his ownership.
- Sasol reported quarterly EPS of $0.56 on revenue of $4.61 billion, while analysts project full-year EPS of $2.71. The stock opened at $14.29 and remains near its 12-month high of $15.18.
- Analyst sentiment has improved, with several firms upgrading Sasol to Buy or Strong Buy, but the overall consensus remains Hold based on two Buy, four Hold, and one Sell rating.
Sasol Ltd. (NYSE:SSL - Get Free Report) EVP Sandile Lawrence Siyaya sold 2,842 shares of the company's stock in a transaction dated Tuesday, September 8th. The stock was sold at an average price of $12.70, for a total transaction of $36,093.40. Following the completion of the transaction, the executive vice president owned 301 shares in the company, valued at $3,822.70. This represents a 90.42% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
Sasol Price Performance
Shares of NYSE:SSL opened at $14.29 on Friday. The firm's 50 day simple moving average is $12.35 and its 200-day simple moving average is $12.21. The company has a quick ratio of 1.17, a current ratio of 1.79 and a debt-to-equity ratio of 0.49. Sasol Ltd. has a one year low of $5.24 and a one year high of $15.18.
Sasol (NYSE:SSL - Get Free Report) last announced its quarterly earnings results 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 during the quarter. Analysts forecast that Sasol Ltd. will post 2.71 earnings per share for the current year.
Institutional Trading of Sasol
A number of hedge funds have recently bought and sold shares of the stock. Sequoia Financial Advisors LLC boosted its position in Sasol by 35.5% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 47,869 shares of the oil and gas company's stock valued at $470,000 after acquiring an additional 12,529 shares in the last quarter. Arlington Capital Management Inc. bought a new position in shares of Sasol in the 2nd quarter worth $255,000. Engineers Gate Manager LP raised its position in shares of 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 worth $821,000 after acquiring an additional 49,699 shares in the last quarter. Integrated Wealth Concepts LLC lifted its stake in shares of Sasol by 38.7% during the 2nd quarter. Integrated Wealth Concepts LLC now owns 107,176 shares of the oil and gas company's stock worth $1,052,000 after purchasing an additional 29,879 shares during the last quarter. Finally, Corient Private Wealth LP lifted its stake in shares of Sasol by 42.3% during the 2nd quarter. Corient Private Wealth LP now owns 48,279 shares of the oil and gas company's stock worth $474,000 after purchasing an additional 14,355 shares during the last quarter. Hedge funds and other institutional investors own 1.21% of the company's stock.
Analyst Upgrades and Downgrades
SSL has been the subject of several research reports. Weiss Ratings upgraded Sasol from a "sell (d+)" rating to a "hold (c-)" rating in a report on Wednesday, September 2nd. JPMorgan Chase & Co. restated a "neutral" rating on shares of Sasol in a report on Monday, June 15th. Wall Street Zen raised shares of Sasol from a "hold" rating to a "strong-buy" rating in a research note on Saturday, September 5th. Investec started coverage on shares of Sasol in a report on Wednesday, June 17th. They set a "sell" rating on the stock. Finally, Zacks Research raised shares of Sasol from a "strong sell" rating to a "hold" rating in a research report on Monday, August 31st. Two research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold".
Check Out Our Latest Analysis on Sasol
Sasol News Roundup
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
Sasol Company Profile
(
Get Free Report)
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.
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