Sasol (NYSE:SSL) EVP Sandile Lawrence Siyaya Sells 2,842 Shares of Stock

Sasol Ltd. (NYSE:SSL) EVP Sandile Lawrence Siyaya sold 2,842 shares of the firm’s stock in a transaction dated Tuesday, September 8th. The shares were sold at an average price of $12.70, for a total transaction of $36,093.40. Following the sale, the executive vice president owned 301 shares of the company’s stock, valued at approximately $3,822.70. This represents a 90.42% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Sasol Stock Performance

Sasol stock traded down $0.01 during trading hours on Thursday, hitting $14.29. The stock had a trading volume of 1,638,992 shares, compared to its average volume of 1,832,044. 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 12-month low of $5.24 and a 12-month high of $15.18. The stock’s 50-day moving average price is $12.35 and its 200-day moving average price is $12.21.

Sasol (NYSE:SSL) last released its quarterly earnings data on Friday, August 14th. The oil and gas company reported $0.56 earnings per share (EPS) for the quarter. The business had revenue of $4.61 billion during the quarter. Equities analysts predict that Sasol Ltd. will post 2.71 EPS for the current year.

Analyst Ratings Changes

A number of analysts recently weighed in on SSL shares. JPMorgan Chase & Co. reissued a “neutral” rating on shares of Sasol in a research report on Monday, June 15th. Wall Street Zen upgraded Sasol from a “hold” rating to a “strong-buy” rating in a research report on Saturday, September 5th. Zacks Research upgraded Sasol from a “strong sell” rating to a “hold” rating in a report on Monday, August 31st. UBS Group upgraded Sasol from a “neutral” rating to a “buy” rating in a research note on Thursday, June 4th. Finally, Investec assumed coverage on shares of Sasol in a research note on Wednesday, June 17th. They issued a “sell” rating for the company. Two equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold”.

Institutional Investors Weigh In On Sasol

Several institutional investors have recently added to or reduced their stakes in SSL. Assenagon Asset Management S.A. grew its stake in shares of Sasol by 123.3% during the second 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 acquiring an additional 762,796 shares during the last quarter. Pictet Asset Management Holding SA acquired a new position in shares of Sasol during the first quarter valued at about $11,284,000. Arrowstreet Capital Limited Partnership raised its position in shares of Sasol by 3.1% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 796,208 shares of the oil and gas company’s stock valued at $10,319,000 after purchasing an additional 23,994 shares during the last quarter. Quantinno Capital Management LP raised its position in shares of Sasol by 40.6% in the 1st quarter. Quantinno Capital Management LP now owns 166,465 shares of the oil and gas company’s stock valued at $2,157,000 after purchasing an additional 48,086 shares during the last quarter. Finally, Public Employees Retirement System of Ohio boosted its stake in Sasol by 14.3% in the 1st quarter. Public Employees Retirement System of Ohio now owns 159,063 shares of the oil and gas company’s stock worth $2,061,000 after purchasing an additional 19,940 shares in the last quarter. Institutional investors and hedge funds own 1.21% of the company’s stock.

Sasol Company Profile

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.