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

Sasol Ltd. (NYSE:SSL) EVP Vuyo Dominic Kahla sold 22,608 shares of the stock in a transaction dated Tuesday, September 8th. The shares were 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 of the company’s stock, valued at approximately $1,457,858.40. The trade was a 16.45% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Sasol Stock Down 0.0%

SSL opened at $14.29 on Friday. The company’s 50 day simple moving average is $12.35 and its two-hundred day simple moving average is $12.21. Sasol Ltd. has a 1-year low of $5.24 and a 1-year high of $15.18. 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 posted 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 during the quarter. Research analysts anticipate that Sasol Ltd. will post 2.71 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. Zacks Research raised Sasol from a “strong sell” rating to a “hold” rating in a research note on Monday, August 31st. JPMorgan Chase & Co. reissued a “neutral” rating on shares of Sasol in a report on Monday, June 15th. Investec initiated coverage on shares of Sasol in a research report on Wednesday, June 17th. They set a “sell” rating for the company. Weiss Ratings raised shares of Sasol from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, September 2nd. Finally, UBS Group raised shares of Sasol from a “neutral” rating to a “buy” rating in a research report on Thursday, June 4th. Two analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold”.

More Sasol News

Here are the key news stories impacting Sasol this week:

• Neutral Sentiment: Analysts maintain a consensus “Hold” rating on Sasol, signaling limited conviction that the stock will outperform in the near term. Sasol Receives Consensus Hold Rating
• Negative Sentiment: Five Sasol executives, including CFO Walt Paul Bruns and EVP Vuyo Dominic Kahla, collectively sold 36,974 shares for approximately $469,570 at an average price of $12.70 on September 8. The sales reduced their individual holdings by roughly 4.6% to 90.4%, which could weigh on investor sentiment, although insider sales may also reflect personal financial planning rather than a negative outlook. Sasol Executive Insider Sale Filing

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Pictet Asset Management Holding SA purchased a new position in Sasol during the 1st quarter worth $11,284,000. Assenagon Asset Management S.A. lifted 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 period. Public Employees Retirement System of Ohio purchased a new stake in Sasol during the second quarter worth $1,084,000. Sanctuary Advisors LLC purchased a new stake in shares of Sasol in the 1st quarter worth about $1,231,000. Finally, Barometer Capital Management Inc. grew its position in shares of Sasol by 258.7% in the first quarter. Barometer Capital Management Inc. now owns 99,000 shares of the oil and gas company’s stock valued at $1,283,000 after purchasing an additional 71,400 shares during the last quarter. 1.21% of the stock is currently owned by institutional investors and hedge funds.

About Sasol

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.