Sasol (NYSE:SSL) EVP Sells $36,220.40 in Stock

Sasol Ltd. (NYSE:SSL) EVP Victor Bester sold 2,852 shares of the business’s stock in a transaction that occurred on Tuesday, September 8th. The stock was sold at an average price of $12.70, for a total value of $36,220.40. Following the sale, the executive vice president owned 26,855 shares of the company’s stock, valued at approximately $341,058.50. This trade represents a 9.60% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.

Sasol Stock Performance

Shares of NYSE SSL traded down $0.01 during midday trading on Thursday, hitting $14.29. The stock had a trading volume of 1,638,992 shares, compared to its average volume of 1,832,044. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.17 and a current ratio of 1.79. The stock has a 50 day simple moving average of $12.35 and a 200-day simple moving average of $12.21. Sasol Ltd. has a 1 year low of $5.24 and a 1 year high of $15.18.

Sasol (NYSE:SSL) last posted its quarterly earnings data on Friday, August 14th. The oil and gas company reported $0.56 EPS for the quarter. The firm had revenue of $4.61 billion during the quarter. On average, equities research analysts predict that Sasol Ltd. will post 2.71 EPS for the current fiscal year.

Institutional Trading of Sasol

Several large investors have recently bought and sold shares of the company. Parallel Advisors LLC lifted its holdings in shares of Sasol by 4.6% in the first quarter. Parallel Advisors LLC now owns 20,894 shares of the oil and gas company’s stock valued at $271,000 after purchasing an additional 915 shares in the last quarter. Blue Trust Inc. increased its stake in shares of Sasol by 48.9% during the 1st 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. DGS Capital Management LLC increased its stake in shares of Sasol by 32.7% during the 1st quarter. DGS Capital Management LLC now owns 14,387 shares of the oil and gas company’s stock worth $186,000 after purchasing an additional 3,549 shares in the last quarter. Compound Planning Inc. raised its position in shares of Sasol by 41.8% during the 1st quarter. Compound Planning Inc. now owns 14,678 shares of the oil and gas company’s stock worth $190,000 after purchasing an additional 4,330 shares during the last quarter. Finally, Ramsey Quantitative Systems acquired a new position in shares of Sasol during the 2nd quarter worth approximately $68,000. Institutional investors and hedge funds own 1.21% of the company’s stock.

Analyst Ratings Changes

A number of research firms have commented on SSL. Zacks Research raised shares of Sasol from a “strong sell” rating to a “hold” rating in a research report on Monday, August 31st. Investec started coverage on shares of Sasol in a report on Wednesday, June 17th. They issued a “sell” rating for the company. Bank of America upgraded Sasol from a “neutral” rating to a “buy” rating in a report on Wednesday, September 9th. Weiss Ratings raised shares of Sasol from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, September 2nd. Finally, UBS Group raised shares of Sasol from a “neutral” rating to a “buy” rating in a research report on Thursday, June 4th. Two equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold”.

Sasol Company Profile

Sasol Limited is a South African integrated chemicals and energy company listed on the New York Stock Exchange under the symbol SSL. The company develops and commercializes technologies that convert coal and natural gas into fuels, chemicals and other value-added products, with operations and customers in South Africa and international markets.

Its portfolio includes liquid fuels, solvents, alcohols, surfactants, polymers, waxes, ammonia and other chemical products used in sectors such as mining, manufacturing, agriculture, automotive, personal care and household products.