Sasol (NYSE:SSL) EVP Sells $305,989.60 in Stock

Sasol Ltd. (NYSE:SSL) EVP Vuyo Dominic Kahla sold 21,640 shares of the company’s stock in a transaction on Monday, September 28th. The stock was sold at an average price of $14.14, for a total transaction of $305,989.60. Following the completion of the transaction, the executive vice president owned 114,792 shares of the company’s stock, valued at $1,623,158.88. This trade represents a 15.86% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Vuyo Dominic Kahla also recently made the following trade(s):

• On Tuesday, September 8th, Vuyo Dominic Kahla sold 22,608 shares of Sasol stock. The stock was sold at an average price of $12.70, for a total transaction of $287,121.60.

Sasol Stock Performance

Shares of SSL opened at $13.94 on Friday. The firm’s 50-day moving average price is $12.63 and its 200-day moving average price is $12.35. The company has a quick ratio of 1.17, a current ratio of 1.79 and a debt-to-equity ratio of 0.49. Sasol Ltd. has a 1-year low of $5.24 and a 1-year high of $15.18.

Sasol (NYSE:SSL) last announced its quarterly earnings results on Friday, August 14th. The oil and gas company reported $0.56 earnings per share (EPS) for the quarter. The company had revenue of $4.61 billion for the quarter. As a group, equities analysts expect that Sasol Ltd. will post 2.71 earnings per share for the current year.

Hedge Funds Weigh In On Sasol

Large investors have recently made changes to their positions in the business. Sequoia Financial Advisors LLC boosted its position in shares of 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 purchasing an additional 12,529 shares in the last quarter. Arlington Capital Management Inc. bought a new position in Sasol during the 2nd quarter valued at approximately $255,000. Engineers Gate Manager LP increased its position in Sasol by 146.6% during 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 buying an additional 49,699 shares in the last quarter. Integrated Wealth Concepts LLC raised its stake in 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 valued at $1,052,000 after buying an additional 29,879 shares during the last quarter. Finally, Corient Private Wealth LP raised its stake in 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 valued at $474,000 after buying an additional 14,355 shares during the last quarter. 1.21% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on SSL shares. JPMorgan Chase & Co. restated a “neutral” rating on shares of Sasol in a research note on Monday, June 15th. Investec assumed coverage on Sasol in a research note on Wednesday, June 17th. They issued a “sell” rating on the stock. Weiss Ratings upgraded Sasol from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, September 2nd. Zacks Research raised Sasol from a “strong sell” rating to a “hold” rating in a research report on Monday, August 31st. Finally, Bank of America upgraded shares of Sasol from a “neutral” rating to a “buy” rating in a report on Wednesday, September 9th. Two research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold”.

About Sasol

Sasol Limited is an integrated chemicals and energy company headquartered in Johannesburg, South Africa. Founded in 1950, the company developed expertise in converting coal and other feedstocks into fuels and chemical products and remains known for its proprietary Fischer-Tropsch and related process technologies.

Sasol produces and markets fuels, solvents, alcohols, waxes, polymers, ammonia, and other chemical products used in industries such as manufacturing, mining, agriculture, automotive, and consumer goods.