Sasol Ltd. (NYSE:SSL – Get Free Report) shares crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $9.47 and traded as high as $13.53. Sasol shares last traded at $13.2150, with a volume of 1,048,581 shares.
Analysts Set New Price Targets
A number of equities analysts have recently issued reports on the stock. The Goldman Sachs Group lowered shares of Sasol from a “buy” rating to a “neutral” rating in a research report on Monday, February 9th. Weiss Ratings upgraded Sasol from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, May 18th. Zacks Research upgraded Sasol from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 5th. Wall Street Zen upgraded Sasol from a “hold” rating to a “buy” rating in a research note on Saturday, March 14th. Finally, UBS Group upgraded Sasol from a “neutral” rating to a “buy” rating in a research note on Thursday. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold”.
Get Our Latest Analysis on Sasol
Sasol Price Performance
Insider Transactions at Sasol
In other Sasol news, EVP Sarushen Dhanapalan Pillay sold 2,182 shares of the stock in a transaction on Monday, May 11th. The stock was sold at an average price of $13.14, for a total value of $28,671.48. Following the completion of the transaction, the executive vice president owned 16,313 shares in the company, valued at approximately $214,352.82. This represents a 11.80% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 1.00% of the company’s stock.
Institutional Inflows and Outflows
Large investors have recently bought and sold shares of the business. JPMorgan Chase & Co. raised its position in Sasol by 1,627.3% in the third quarter. JPMorgan Chase & Co. now owns 1,025,934 shares of the oil and gas company’s stock worth $6,381,000 after acquiring an additional 966,539 shares in the last quarter. UBS Group AG raised its position in Sasol by 52.0% in the fourth quarter. UBS Group AG now owns 835,052 shares of the oil and gas company’s stock worth $5,436,000 after acquiring an additional 285,807 shares in the last quarter. Sivia Capital Partners LLC purchased a new position in Sasol in the second quarter worth $52,000. Advisors Preferred LLC purchased a new position in Sasol in the fourth quarter worth $117,000. Finally, Pekin Hardy Strauss Inc. purchased a new position in Sasol in the fourth quarter worth $189,000. Hedge funds and other institutional investors own 1.21% of the company’s stock.
Sasol Company Profile
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.
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