Sasol Ltd. (NYSE:SSL – Get Free Report) EVP Sarushen Dhanapalan Pillay sold 2,182 shares of the business’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 completion of the transaction, the executive vice president directly owned 16,313 shares of the company’s stock, valued at $214,352.82. The trade was a 11.80% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
Sasol Stock Up 2.8%
SSL stock traded up $0.37 during trading on Friday, hitting $13.50. The stock had a trading volume of 1,144,611 shares, compared to its average volume of 2,388,462. The company’s 50 day moving average price is $12.30 and its two-hundred day moving average price is $8.82. Sasol Ltd. has a 1-year low of $3.82 and a 1-year high of $14.36. The company has a current ratio of 1.66, a quick ratio of 1.09 and a debt-to-equity ratio of 0.53.
Wall Street Analyst Weigh In
SSL has been the subject of several analyst reports. Wall Street Zen raised shares of Sasol from a “hold” rating to a “buy” rating in a research note on Saturday, March 14th. JPMorgan Chase & Co. reissued an “underweight” rating on shares of Sasol in a research note on Friday, January 16th. Zacks Research raised Sasol from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 5th. The Goldman Sachs Group lowered Sasol from a “buy” rating to a “neutral” rating in a research note on Monday, February 9th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Sasol in a research note on Monday, April 20th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold”.
Institutional Trading of Sasol
A number of hedge funds have recently added to or reduced their stakes in the business. Millennium Management LLC boosted its stake in Sasol by 75.7% in the 1st quarter. Millennium Management LLC now owns 1,450,355 shares of the oil and gas company’s stock worth $6,135,000 after buying an additional 624,911 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in Sasol by 1,627.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,025,934 shares of the oil and gas company’s stock worth $6,381,000 after buying an additional 966,539 shares during the last quarter. Pictet Asset Management Holding SA acquired a new stake in Sasol in the 1st quarter worth about $11,284,000. UBS Group AG boosted its stake in Sasol by 52.0% in the 4th quarter. UBS Group AG now owns 835,052 shares of the oil and gas company’s stock worth $5,436,000 after buying an additional 285,807 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its stake in 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 worth $10,319,000 after buying an additional 23,994 shares during the last quarter. 1.21% of the stock is owned by institutional investors and hedge funds.
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.
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