Sasol (NYSE:SSL) EVP Vuyo Dominic Kahla Sells 22,608 Shares of Company Stock

by · The Cerbat Gem

Sasol Ltd. (NYSE:SSL – Get Free Report) EVP Vuyo Dominic Kahla sold 22,608 shares of the business’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 value of $287,121.60. Following the completion of the sale, the executive vice president owned 114,792 shares of the company’s stock, valued at $1,457,858.40. The trade was a 16.45% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Sasol Price Performance

SSL traded down $0.01 during midday trading on Thursday, hitting $14.29. The stock had a trading volume of 1,638,992 shares, compared to its average volume of 1,832,044. Sasol Ltd. has a 1 year low of $5.24 and a 1 year high of $15.18. The company has a quick ratio of 1.17, a current ratio of 1.79 and a debt-to-equity ratio of 0.49. The business has a fifty day moving average of $12.35 and a 200 day moving average of $12.21.

Sasol (NYSE:SSL – Get Free Report) last posted its quarterly earnings results on Friday, August 14th. The oil and gas company reported $0.56 EPS for the quarter. The business had revenue of $4.61 billion for the quarter. Equities research analysts forecast that Sasol Ltd. will post 2.71 EPS for the current year.

Analysts Set New Price Targets

Several research firms have issued reports on SSL. Investec assumed coverage on shares of Sasol in a research report on Wednesday, June 17th. They set a “sell” rating for the company. UBS Group upgraded Sasol from a “neutral” rating to a “buy” rating in a report on Thursday, June 4th. JPMorgan Chase & Co. reissued a “neutral” rating on shares of Sasol in a research note on Monday, June 15th. Weiss Ratings upgraded Sasol from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, September 2nd. Finally, Bank of America upgraded Sasol from a “neutral” rating to a “buy” rating in a research report on Wednesday, September 9th. Two investment 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, the stock currently has an average rating of “Hold”.

View Our Latest Research Report on Sasol

Institutional Investors Weigh In On Sasol

Institutional investors have recently added to or reduced their stakes in the company. Sequoia Financial Advisors LLC grew its holdings in Sasol by 35.5% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 47,869 shares of the oil and gas company’s stock worth $470,000 after acquiring an additional 12,529 shares during the last quarter. Arlington Capital Management Inc. bought a new position in shares of Sasol during the second quarter valued at about $255,000. Engineers Gate Manager LP raised its stake in shares of Sasol by 146.6% during the second quarter. Engineers Gate Manager LP now owns 83,589 shares of the oil and gas company’s stock valued at $821,000 after acquiring an additional 49,699 shares during the last quarter. Integrated Wealth Concepts LLC boosted its holdings in shares of Sasol by 38.7% during the second quarter. Integrated Wealth Concepts LLC now owns 107,176 shares of the oil and gas company’s stock worth $1,052,000 after purchasing an additional 29,879 shares during the period. Finally, Corient Private Wealth LP boosted its holdings in shares of Sasol by 42.3% during the second quarter. Corient Private Wealth LP now owns 48,279 shares of the oil and gas company’s stock worth $474,000 after purchasing an additional 14,355 shares during the period. Hedge funds and other institutional investors own 1.21% of the company’s stock.

About Sasol

(Get Free Report)

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.

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