Key Points
- Sasol EVP Vuyo Dominic Kahla sold 21,640 shares at an average price of $14.14, generating $305,989.60. The transaction reduced his direct ownership by 15.86% to 114,792 shares.
- Sasol shares opened at $13.94 and have traded between $5.24 and $15.18 over the past year. The company reported quarterly earnings of $0.56 per share on revenue of $4.61 billion.
- Analyst sentiment is mixed but improving, with recent upgrades from several firms; MarketBeat’s consensus rating remains Hold. Institutional ownership stands at 1.21%.
Sasol Ltd. (NYSE:SSL - Get Free Report) CFO Walt Paul Bruns sold 1,798 shares of the stock in a transaction that occurred on Monday, September 28th. The shares were sold at an average price of $14.14, for a total transaction of $25,423.72. Following the completion of the sale, the chief financial officer directly owned 54,819 shares of the company's stock, valued at $775,140.66. This trade represents a 3.18% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
Walt Paul Bruns also recently made the following trade(s):
- On Tuesday, September 8th, Walt Paul Bruns sold 7,890 shares of Sasol stock. The stock was sold at an average price of $12.70, for a total transaction of $100,203.00.
Sasol Price Performance
NYSE SSL opened at $13.94 on Friday. The company's fifty day simple moving average is $12.59 and its 200-day simple moving average is $12.34. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.79 and a quick ratio of 1.17. Sasol Ltd. has a 52 week low of $5.24 and a 52 week high of $15.18.
Sasol (NYSE:SSL - Get Free Report) last released its quarterly earnings results on Friday, August 14th. The oil and gas company reported $0.56 earnings per share for the quarter. The firm had revenue of $4.61 billion for the quarter. As a group, research analysts expect that Sasol Ltd. will post 2.71 earnings per share for the current year.
Institutional Investors Weigh In On Sasol
A number of institutional investors have recently modified their holdings of the stock. Sequoia Financial Advisors LLC lifted its position in shares of Sasol by 35.5% during the second quarter. Sequoia Financial Advisors LLC now owns 47,869 shares of the oil and gas company's stock worth $470,000 after purchasing an additional 12,529 shares during the last quarter. Arlington Capital Management Inc. bought a new stake in Sasol in the second quarter valued at about $255,000. Engineers Gate Manager LP raised its stake in Sasol by 146.6% during the second 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 in the last quarter. Integrated Wealth Concepts LLC raised its stake in 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 buying an additional 29,879 shares in the last quarter. Finally, Corient Private Wealth LP lifted its holdings in 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 buying an additional 14,355 shares during the last quarter. Institutional investors and hedge funds own 1.21% of the company's stock.
Analysts Set New Price Targets
Several analysts have recently weighed in on SSL shares. Wall Street Zen upgraded Sasol from a "hold" rating to a "strong-buy" rating in a research note on Saturday, September 5th. Weiss Ratings raised Sasol from a "sell (d+)" rating to a "hold (c-)" rating in a report on Wednesday, September 2nd. UBS Group upgraded Sasol from a "neutral" rating to a "buy" rating in a research note on Thursday, June 4th. Investec assumed coverage on Sasol in a report on Wednesday, June 17th. They set a "sell" rating on the stock. Finally, Bank of America raised Sasol from a "neutral" rating to a "buy" rating in a research report on Wednesday, September 9th. Two investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company has an average rating of "Hold".
View Our Latest Stock Report on SSL
Sasol Company Profile
(
Get Free Report)
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.
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