Sasol Ltd. (SSL) – What Are Brokerages Saying About This Stock?

Shares of Sasol Ltd. (NYSE:SSL) have been given an average rating of “Hold” by the seven ratings firms that are covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and two have given a buy recommendation to the company.

A number of brokerages have recently commented on SSL. Bank of America raised shares of Sasol from a “neutral” rating to a “buy” rating in a report on Wednesday, September 9th. Zacks Research upgraded Sasol from a “strong sell” rating to a “hold” rating in a research report on Monday, August 31st. Wall Street Zen raised Sasol from a “hold” rating to a “strong-buy” rating in a research note on Saturday, September 5th. Finally, Weiss Ratings raised Sasol from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, October 8th.

Insider Buying and Selling

In other news, EVP Vuyo Dominic Kahla sold 22,608 shares of the company’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 transaction of $287,121.60. Following the completion of the sale, the executive vice president owned 114,792 shares in the company, valued at $1,457,858.40. This represents a 16.45% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Victor Bester sold 2,852 shares of the stock in a transaction 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 directly owned 26,855 shares of the company’s stock, valued at approximately $341,058.50. This represents a 9.60% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 60,412 shares of company stock valued at $800,983. Company insiders own 1.00% of the company’s stock.

Institutional Investors Weigh In On Sasol

Hedge funds have recently added to or reduced their stakes in the company. Assenagon Asset Management S.A. boosted its stake 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 worth $13,563,000 after acquiring an additional 762,796 shares in the last quarter. Pictet Asset Management Holding SA acquired a new position in shares of Sasol during the 1st quarter valued at about $11,284,000. Arrowstreet Capital Limited Partnership grew its stake in shares of Sasol by 3.1% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 796,208 shares of the oil and gas company’s stock valued at $10,319,000 after buying an additional 23,994 shares during the period. Quantinno Capital Management LP lifted its stake in shares of Sasol by 40.6% in the 1st quarter. Quantinno Capital Management LP now owns 166,465 shares of the oil and gas company’s stock valued at $2,157,000 after purchasing an additional 48,086 shares in the last quarter. Finally, Public Employees Retirement System of Ohio increased its position in shares of Sasol by 14.3% in the first quarter. Public Employees Retirement System of Ohio now owns 159,063 shares of the oil and gas company’s stock worth $2,061,000 after acquiring an additional 19,940 shares in the last quarter. Institutional investors and hedge funds own 1.21% of the company’s stock.

Sasol Stock Performance

SSL stock opened at $18.02 on Friday. The company has a fifty day moving average price of $13.92 and a 200 day moving average price of $12.69. Sasol has a 12 month low of $5.97 and a 12 month high of $18.19. The company has a current ratio of 1.79, a quick ratio of 1.17 and a debt-to-equity ratio of 0.49.

Sasol (NYSE:SSL) last issued its quarterly earnings results on Friday, August 14th. The oil and gas company reported $0.56 earnings per share for the quarter. The business had revenue of $4.61 billion for the quarter. Equities research analysts anticipate that Sasol will post 2.99 EPS for the current fiscal year.

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.