Sasol (NYSE:SSL) CFO Walt Paul Bruns Sells 7,890 Shares of Company Stock

Sasol Ltd. (NYSE:SSL) CFO Walt Paul Bruns sold 7,890 shares of the firm’s stock in a transaction dated Tuesday, September 8th. The shares were sold at an average price of $12.70, for a total transaction of $100,203.00. Following the completion of the transaction, the chief financial officer directly owned 54,628 shares in the company, valued at $693,775.60. This represents a 12.62% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link.

Sasol Price Performance

NYSE:SSL traded down $0.01 during trading hours on Thursday, hitting $14.29. 1,638,992 shares of the stock were exchanged, compared to its average volume of 1,832,044. Sasol Ltd. has a 52-week low of $5.24 and a 52-week high of $15.18. The firm’s fifty day moving average price is $12.35 and its 200 day moving average price is $12.21. 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 (NYSE:SSL) last released its earnings results on Friday, August 14th. The oil and gas company reported $0.56 earnings per share for the quarter. The firm had revenue of $4.61 billion during the quarter. On average, equities analysts expect that Sasol Ltd. will post 2.71 EPS for the current year.

Wall Street Analyst Weigh In

SSL has been the topic of several recent research reports. UBS Group raised shares of Sasol from a “neutral” rating to a “buy” rating in a research note on Thursday, June 4th. Zacks Research upgraded shares of Sasol from a “strong sell” rating to a “hold” rating in a research report on Monday, August 31st. Wall Street Zen raised shares of Sasol from a “hold” rating to a “strong-buy” rating in a research note on Saturday, September 5th. Weiss Ratings upgraded shares of Sasol from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, September 2nd. Finally, JPMorgan Chase & Co. restated a “neutral” rating on shares of Sasol in a research report on Monday, June 15th. Two research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold”.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Assenagon Asset Management S.A. boosted its position in shares of 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 acquiring an additional 762,796 shares during the last quarter. Public Employees Retirement System of Ohio acquired a new stake in Sasol during the second quarter worth about $1,084,000. Sanctuary Advisors LLC purchased a new position in Sasol during the first quarter worth about $1,231,000. Quantinno Capital Management LP raised its stake in Sasol by 40.6% during the first quarter. Quantinno Capital Management LP now owns 166,465 shares of the oil and gas company’s stock worth $2,157,000 after purchasing an additional 48,086 shares during the period. Finally, Engineers Gate Manager LP boosted its holdings in Sasol by 146.6% in the 2nd quarter. Engineers Gate Manager LP now owns 83,589 shares of the oil and gas company’s stock valued at $821,000 after purchasing an additional 49,699 shares during the last quarter. Hedge funds and other institutional investors own 1.21% of the company’s stock.

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.