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

Sasol Ltd. (NYSE:SSL) has been assigned an average recommendation of “Hold” from the seven brokerages that are covering the stock, MarketBeat reports. One analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company.

Several equities research analysts have recently issued reports on the company. Investec assumed coverage on Sasol in a research note on Wednesday. They issued a “sell” rating for the company. UBS Group raised Sasol from a “neutral” rating to a “buy” rating in a research note on Thursday, June 4th. JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of Sasol in a research note on Monday, June 15th. Weiss Ratings raised Sasol from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, May 18th. Finally, Zacks Research lowered Sasol from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 8th.

Insider Activity

In other news, EVP Sarushen Dhanapalan Pillay sold 2,182 shares of the firm’s stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $13.14, for a total value of $28,671.48. Following the completion of the sale, the executive vice president directly owned 16,313 shares of the company’s stock, valued at $214,352.82. This trade represents a 11.80% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.00% of the stock is owned by insiders.

Institutional Investors Weigh In On Sasol

A number of institutional investors and hedge funds have recently modified their holdings of the business. Parallel Advisors LLC lifted its stake in shares of Sasol by 4.6% during the 1st quarter. Parallel Advisors LLC now owns 20,894 shares of the oil and gas company’s stock worth $271,000 after acquiring an additional 915 shares during the last quarter. Laird Norton Wetherby Wealth Management LLC lifted its stake in shares of Sasol by 5.1% during the 3rd quarter. Laird Norton Wetherby Wealth Management LLC now owns 32,723 shares of the oil and gas company’s stock worth $204,000 after acquiring an additional 1,593 shares during the last quarter. PDS Planning Inc lifted its stake in shares of Sasol by 15.3% during the 4th quarter. PDS Planning Inc now owns 14,269 shares of the oil and gas company’s stock worth $93,000 after acquiring an additional 1,893 shares during the last quarter. Integrated Wealth Concepts LLC lifted its stake in shares of Sasol by 3.9% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 62,848 shares of the oil and gas company’s stock worth $391,000 after acquiring an additional 2,334 shares during the last quarter. Finally, US Bancorp DE lifted its stake in shares of Sasol by 11.5% during the 3rd quarter. US Bancorp DE now owns 26,354 shares of the oil and gas company’s stock worth $164,000 after acquiring an additional 2,719 shares during the last quarter. 1.21% of the stock is owned by institutional investors.

Sasol Stock Down 0.3%

NYSE:SSL opened at $10.74 on Monday. Sasol has a 1 year low of $4.30 and a 1 year high of $14.36. The business has a 50 day simple moving average of $12.89 and a 200-day simple moving average of $9.92. The company has a quick ratio of 1.09, a current ratio of 1.66 and a debt-to-equity ratio of 0.53.

Sasol Company Profile

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.