Sasol (NYSE:SSL) Shares Gap Down – What’s Next?

Sasol Ltd. (NYSE:SSL)’s stock price gapped down before the market opened on Monday. The stock had previously closed at $16.34, but opened at $15.60. Sasol shares last traded at $15.8150, with a volume of 191,480 shares trading hands.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Weiss Ratings upgraded Sasol from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, October 8th. Bank of America upgraded Sasol from a “neutral” rating to a “buy” rating in a research note on Wednesday, September 9th. Zacks Research upgraded Sasol from a “strong sell” rating to a “hold” rating in a research note on Monday, August 31st. Finally, Wall Street Zen upgraded shares of Sasol from a “hold” rating to a “strong-buy” rating in a report on Saturday, September 5th. Two analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold”.

Sasol Price Performance

The stock’s fifty day simple moving average is $13.57 and its 200-day simple moving average is $12.59. The company has a quick ratio of 1.17, a current ratio of 1.79 and a debt-to-equity ratio of 0.49.

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 company had revenue of $4.61 billion for the quarter. As a group, equities analysts anticipate that Sasol Ltd. will post 2.71 earnings per share for the current year.

Insider Transactions at Sasol

In other Sasol news, EVP Sandile Lawrence Siyaya sold 2,842 shares of the business’s stock in a transaction dated Tuesday, September 8th. The stock was sold at an average price of $12.70, for a total transaction of $36,093.40. Following the sale, the executive vice president owned 301 shares in the company, valued at approximately $3,822.70. The trade was a 90.42% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Walt Bruns sold 7,890 shares of the business’s stock in a transaction dated Tuesday, September 8th. The shares were sold at an average price of $12.70, for a total value of $100,203.00. Following the sale, the chief financial officer owned 54,628 shares in the company, valued at approximately $693,775.60. The trade was a 12.62% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 60,412 shares of company stock worth $800,983. Insiders own 1.00% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. Parallel Advisors LLC boosted its position in 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 buying an additional 915 shares during the last quarter. Blue Trust Inc. increased its holdings in Sasol by 48.9% in the 1st quarter. Blue Trust Inc. now owns 9,115 shares of the oil and gas company’s stock worth $118,000 after buying an additional 2,992 shares during the period. DGS Capital Management LLC raised its position in 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 buying an additional 3,549 shares during the last quarter. Compound Planning Inc. raised its position in 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 buying an additional 4,330 shares during the last quarter. Finally, Mather Group LLC. purchased a new position in Sasol during the 3rd quarter worth approximately $83,000. 1.21% of the stock is currently owned by hedge funds and other institutional investors.

About Sasol

Sasol Limited is an integrated chemicals and energy company headquartered in Johannesburg, South Africa. The company develops and commercializes technologies that convert coal and natural gas into fuels, chemical feedstocks and other products, including through Fischer–Tropsch processes. Its portfolio includes fuel components, solvents, alcohols, surfactants, waxes, polymers and other specialty and performance chemicals used in industrial and consumer applications.

Sasol’s operations have historically been centered in South Africa, where the company operates major energy and chemicals facilities, with additional manufacturing, research and marketing activities in international markets.