Sasol Ltd. (NYSE:SSL) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Sasol Ltd. (NYSE:SSL) have earned an average rating of “Hold” from the seven analysts that are covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and one has assigned a buy recommendation to the company.

SSL has been the topic of several analyst reports. JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of Sasol in a report on Monday, June 15th. UBS Group raised shares of Sasol from a “neutral” rating to a “buy” rating in a report on Thursday, June 4th. Wall Street Zen cut shares of Sasol from a “strong-buy” rating to a “buy” rating in a report on Saturday. Zacks Research cut shares of Sasol from a “strong-buy” rating to a “hold” rating in a report on Monday, June 8th. Finally, Investec initiated coverage on shares of Sasol in a report on Wednesday. They issued a “sell” rating on the stock.

Insiders Place Their Bets

In related news, EVP Sarushen Dhanapalan Pillay sold 2,182 shares of the firm’s stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $13.14, for a total value of $28,671.48. Following the sale, the executive vice president owned 16,313 shares of the company’s stock, valued at $214,352.82. This trade represents a 11.80% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.00% of the stock is currently owned by company insiders.

Institutional Trading of Sasol

Hedge funds have recently added to or reduced their stakes in the company. Atlas Capital Advisors Inc. acquired a new stake in Sasol in the fourth quarter valued at approximately $35,000. Caitong International Asset Management Co. Ltd raised its holdings in Sasol by 232.5% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 5,606 shares of the oil and gas company’s stock worth $36,000 after purchasing an additional 3,920 shares in the last quarter. EverSource Wealth Advisors LLC raised its holdings in Sasol by 347.3% during the second quarter. EverSource Wealth Advisors LLC now owns 8,960 shares of the oil and gas company’s stock worth $40,000 after purchasing an additional 6,957 shares in the last quarter. Blue Trust Inc. raised its holdings in Sasol by 48.9% during the first quarter. Blue Trust Inc. now owns 9,115 shares of the oil and gas company’s stock worth $118,000 after purchasing an additional 2,992 shares in the last quarter. Finally, EP Wealth Advisors LLC acquired a new stake in Sasol during the fourth quarter worth approximately $66,000. Institutional investors and hedge funds own 1.21% of the company’s stock.

Sasol Trading Down 0.3%

NYSE SSL opened at $10.74 on Monday. The firm has a 50 day simple moving average of $12.89 and a 200-day simple moving average of $9.94. Sasol has a one year low of $4.30 and a one year high of $14.36. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.66 and a quick ratio of 1.09.

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.