Insider Selling: Sasol (NYSE:SSL) CFO Sells $25,423.72 in Stock

Sasol Ltd. (NYSE:SSL) CFO Walt Bruns sold 1,798 shares of the firm’s stock in a transaction dated Monday, September 28th. The shares were sold at an average price of $14.14, for a total value of $25,423.72. Following the sale, the chief financial officer directly owned 54,819 shares in the company, valued at approximately $775,140.66. The trade was a 3.18% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Walt Paul Bruns also recently made the following trade(s):

• On Tuesday, September 8th, Walt Bruns sold 7,890 shares of Sasol stock. The stock was sold at an average price of $12.70, for a total transaction of $100,203.00.

Sasol Stock Down 0.2%

Shares of Sasol stock opened at $13.94 on Friday. The company has a 50-day simple moving average of $12.63 and a two-hundred day simple moving average of $12.35. Sasol Ltd. has a one year low of $5.24 and a one year high of $15.18. 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 released its quarterly earnings results on Friday, August 14th. The oil and gas company reported $0.56 earnings per share for the quarter. The firm had revenue of $4.61 billion during the quarter. On average, equities research analysts forecast that Sasol Ltd. will post 2.71 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on SSL shares. Investec initiated coverage on shares of Sasol in a research note on Wednesday, June 17th. They issued a “sell” rating for the company. Weiss Ratings upgraded Sasol from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, September 2nd. Wall Street Zen raised Sasol from a “hold” rating to a “strong-buy” rating in a research report on Saturday, September 5th. JPMorgan Chase & Co. restated a “neutral” rating on shares of Sasol in a research note on Monday, June 15th. Finally, Bank of America raised Sasol from a “neutral” rating to a “buy” rating in a research 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 company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold”.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Ramsey Quantitative Systems acquired a new stake in shares of Sasol during the second quarter worth $68,000. Blue Trust Inc. grew its holdings in shares of Sasol by 48.9% during the first quarter. Blue Trust Inc. now owns 9,115 shares of the oil and gas company’s stock valued at $118,000 after buying an additional 2,992 shares during the last quarter. DGS Capital Management LLC acquired a new position in shares of Sasol in the 4th quarter valued at $71,000. Kathmere Capital Management LLC acquired a new position in shares of Sasol in the 1st quarter valued at $152,000. Finally, First Trust Advisors LP acquired a new position in shares of Sasol in the 1st quarter valued at $153,000. Institutional investors and hedge funds own 1.21% of the company’s stock.

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.