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

Sasol Ltd. (NYSE:SSL) has earned a consensus rating of “Hold” from the six research firms that are currently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and one has assigned a strong buy recommendation to the company.

SSL has been the subject of a number of recent research reports. Weiss Ratings raised Sasol from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday. UBS Group lowered Sasol from a “buy” rating to a “neutral” rating in a research note on Thursday, March 5th. The Goldman Sachs Group lowered Sasol from a “buy” rating to a “neutral” rating in a research report on Monday, February 9th. Zacks Research raised shares of Sasol from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 5th. Finally, Wall Street Zen raised Sasol from a “hold” rating to a “buy” rating in a report on Saturday, March 14th.

Insider Transactions at Sasol

In other Sasol news, EVP Sarushen Dhanapalan Pillay sold 2,182 shares of the firm’s stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $13.14, for a total transaction of $28,671.48. Following the transaction, the executive vice president owned 16,313 shares of the company’s stock, valued at approximately $214,352.82. This trade represents a 11.80% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.00% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Sasol

Several large investors have recently modified their holdings of SSL. JPMorgan Chase & Co. boosted its stake in Sasol by 1,627.3% during 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 purchasing an additional 966,539 shares during the period. Pictet Asset Management Holding SA acquired a new stake in Sasol in the first quarter valued at about $11,284,000. Millennium Management LLC boosted its stake in shares of Sasol by 75.7% in the first quarter. Millennium Management LLC now owns 1,450,355 shares of the oil and gas company’s stock valued at $6,135,000 after buying an additional 624,911 shares in the last quarter. Assenagon Asset Management S.A. purchased a new stake in shares of Sasol during the 1st quarter worth $8,015,000. Finally, Voleon Capital Management LP purchased a new stake in Sasol during the third quarter worth about $3,079,000. 1.21% of the stock is owned by institutional investors and hedge funds.

Sasol Trading Down 3.1%

Shares of Sasol stock opened at $13.04 on Thursday. The business has a 50 day simple moving average of $12.66 and a two-hundred day simple moving average of $9.02. Sasol has a 12 month low of $4.30 and a 12 month 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.