Sasol Ltd. (NYSE:SSL) Given Consensus Recommendation of “Reduce” by Analysts

Shares of Sasol Ltd. (NYSE:SSL) have earned a consensus rating of “Reduce” from the seven analysts that are covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, four have given a hold recommendation and one has assigned a buy recommendation to the company.

A number of research firms have issued reports on SSL. Zacks Research downgraded Sasol from a “hold” rating to a “strong sell” rating in a research note on Wednesday, July 8th. UBS Group raised shares of Sasol from a “neutral” rating to a “buy” rating in a report on Thursday, June 4th. Wall Street Zen cut shares of Sasol from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 20th. JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of Sasol in a research note on Monday, June 15th. Finally, Investec initiated coverage on shares of Sasol in a research note on Wednesday, June 17th. They set a “sell” rating on the stock.

Sasol Price Performance

Shares of Sasol stock opened at $10.77 on Friday. The stock has a 50 day moving average of $11.95 and a 200 day moving average of $10.42. Sasol has a 12 month low of $4.77 and a 12 month high of $14.36. 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 Buying and Selling at Sasol

In other news, EVP Sarushen Dhanapalan Pillay sold 2,182 shares of the company’s stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $13.14, for a total transaction of $28,671.48. Following the sale, the executive vice president directly owned 16,313 shares in the company, valued at approximately $214,352.82. This represents a 11.80% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.00% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Sasol

Several large investors have recently added to or reduced their stakes in SSL. Ramsey Quantitative Systems purchased a new stake in Sasol during the second quarter valued at approximately $68,000. Assenagon Asset Management S.A. boosted its holdings in shares of Sasol by 123.3% in the 2nd quarter. Assenagon Asset Management S.A. now owns 1,381,209 shares of the oil and gas company’s stock worth $13,563,000 after purchasing an additional 762,796 shares during the period. Basecamp Wealth Advisors LLC boosted its holdings in shares of Sasol by 349.2% in the 1st quarter. Basecamp Wealth Advisors LLC now owns 12,601 shares of the oil and gas company’s stock worth $163,000 after purchasing an additional 9,796 shares during the period. Parallel Advisors LLC increased its position 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 valued at $271,000 after purchasing an additional 915 shares during the last quarter. Finally, Arkadios Wealth Advisors bought a new position in shares of Sasol during the 1st quarter valued at approximately $228,000. 1.21% of the stock is owned by institutional investors.

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.