Sasol Ltd. (SSL) – What Are Investment Firms Thinking About This Stock?

Sasol Ltd. (NYSE:SSL) has received an average recommendation of “Hold” from the seven analysts that are covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and two have assigned a buy recommendation to the company.

A number of research analysts recently weighed in on the company. Zacks Research raised Sasol from a “strong sell” rating to a “hold” rating in a report on Monday, August 31st. Weiss Ratings upgraded Sasol from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, October 8th. Wall Street Zen raised Sasol from a “hold” rating to a “strong-buy” rating in a report on Saturday, September 5th. Finally, Bank of America raised Sasol from a “neutral” rating to a “buy” rating in a report on Wednesday, September 9th.

Insider Activity at Sasol

In other news, EVP Victor Bester sold 2,852 shares of the stock in a transaction dated Tuesday, September 8th. The shares were sold at an average price of $12.70, for a total value of $36,220.40. Following the transaction, the executive vice president directly owned 26,855 shares of the company’s stock, valued at $341,058.50. This represents a 9.60% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Vuyo Dominic Kahla sold 22,608 shares of the firm’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 $287,121.60. Following the sale, the executive vice president owned 114,792 shares of the company’s stock, valued at approximately $1,457,858.40. This represents a 16.45% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 60,412 shares of company stock valued at $800,983 over the last three months. Company insiders own 1.00% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Pictet Asset Management Holding SA bought a new position in Sasol in the 1st quarter valued at about $11,284,000. Assenagon Asset Management S.A. boosted its holdings 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 period. Public Employees Retirement System of Ohio bought a new stake in shares of Sasol during the second quarter worth approximately $1,084,000. Sanctuary Advisors LLC bought a new stake in shares of Sasol during the first quarter worth approximately $1,231,000. Finally, Barometer Capital Management Inc. grew its position in shares of Sasol by 258.7% in the first quarter. Barometer Capital Management Inc. now owns 99,000 shares of the oil and gas company’s stock valued at $1,283,000 after purchasing an additional 71,400 shares during the last quarter. 1.21% of the stock is owned by institutional investors.

Sasol Stock Performance

Shares of NYSE SSL opened at $16.31 on Friday. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.79 and a quick ratio of 1.17. The business’s 50 day moving average price is $13.40 and its two-hundred day moving average price is $12.55. Sasol has a twelve month low of $5.24 and a twelve month high of $16.34.

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. Analysts predict that Sasol will post 2.71 EPS for the current year.

About Sasol

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.