Sasol Ltd. (NYSE:SSL – Get Free Report) EVP Vuyo Dominic Kahla sold 21,640 shares of the company’s stock in a transaction that occurred on Monday, September 28th. The shares were sold at an average price of $14.14, for a total value of $305,989.60. Following the completion of the sale, the executive vice president owned 114,792 shares in the company, valued at approximately $1,623,158.88. This represents a 15.86% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.
Vuyo Dominic Kahla also recently made the following trade(s):
- On Tuesday, September 8th, Vuyo Dominic Kahla sold 22,608 shares of Sasol stock. The stock was sold at an average price of $12.70, for a total value of $287,121.60.
Sasol Price Performance
Shares of Sasol stock traded up $0.12 during midday trading on Thursday, hitting $13.94. 1,698,452 shares of the company were exchanged, compared to its average volume of 1,961,747. The firm has a 50 day simple moving average of $12.55 and a 200-day simple moving average of $12.32. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.79 and a quick ratio of 1.17. Sasol Ltd. has a 52 week low of $5.24 and a 52 week high of $15.18.
Institutional Trading of Sasol
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Assenagon Asset Management S.A. lifted its position in Sasol by 123.3% during the 2nd quarter. Assenagon Asset Management S.A. now owns 1,381,209 shares of the oil and gas company’s stock valued at $13,563,000 after purchasing an additional 762,796 shares during the period. Pictet Asset Management Holding SA bought a new stake in shares of Sasol during the first quarter worth approximately $11,284,000. Arrowstreet Capital Limited Partnership raised its stake in shares of Sasol by 3.1% during the first 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. Quantinno Capital Management LP lifted its holdings in Sasol by 40.6% in the first quarter. Quantinno Capital Management LP now owns 166,465 shares of the oil and gas company’s stock valued at $2,157,000 after buying an additional 48,086 shares during the period. Finally, Public Employees Retirement System of Ohio lifted its holdings in Sasol by 14.3% in the first quarter. Public Employees Retirement System of Ohio now owns 159,063 shares of the oil and gas company’s stock valued at $2,061,000 after buying an additional 19,940 shares during the period. 1.21% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
A number of equities research analysts recently issued reports on the stock. Zacks Research upgraded shares of Sasol from a “strong sell” rating to a “hold” rating in a research report on Monday, August 31st. UBS Group upgraded shares of Sasol from a “neutral” rating to a “buy” rating in a research report on Thursday, June 4th. Bank of America raised shares of Sasol from a “neutral” rating to a “buy” rating in a research note on Wednesday, September 9th. Investec started coverage on shares of Sasol in a report on Wednesday, June 17th. They set a “sell” rating for the company. Finally, Weiss Ratings upgraded shares of Sasol from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, September 2nd. Two analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Hold”.
Read Our Latest Research Report on Sasol
Sasol Company Profile
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.
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