Sasol (NYSE:SSL) Stock: Insider Vuyo Dominic Kahla Sells 21,640 Shares

Sasol Ltd. (NYSE:SSL) EVP Vuyo Dominic Kahla sold 21,640 shares of the stock in a transaction on Monday, September 28th. The shares were sold at an average price of $14.14, for a total value of $305,989.60. Following the completion of the transaction, the executive vice president directly owned 114,792 shares in the company, valued at approximately $1,623,158.88. This trade represents a 15.86% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

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 value of $287,121.60.

Sasol Stock Up 0.9%

Shares of Sasol stock traded up $0.12 during trading on Thursday, reaching $13.94. 1,698,452 shares of the company were exchanged, compared to its average volume of 1,961,747. The business has a 50-day moving average price of $12.55 and a 200-day moving average price of $12.32. 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 twelve month low of $5.24 and a twelve month high of $15.18.

Sasol (NYSE:SSL) last released its earnings results on Friday, August 14th. The oil and gas company reported $0.56 earnings per share for the quarter. The company had revenue of $4.61 billion during the quarter. On average, equities analysts predict that Sasol Ltd. will post 2.71 earnings per share for the current year.

Analysts Set New Price Targets

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

Institutional Trading of Sasol

A number of institutional investors have recently modified their holdings of the company. Parallel Advisors LLC grew its stake in shares of Sasol by 4.6% in the first quarter. Parallel Advisors LLC now owns 20,894 shares of the oil and gas company’s stock valued at $271,000 after buying an additional 915 shares in the last quarter. Blue Trust Inc. increased its holdings in Sasol by 48.9% during the first quarter. Blue Trust Inc. now owns 9,115 shares of the oil and gas company’s stock worth $118,000 after buying an additional 2,992 shares during the last quarter. DGS Capital Management LLC raised its position in Sasol by 32.7% during the first quarter. DGS Capital Management LLC now owns 14,387 shares of the oil and gas company’s stock worth $186,000 after acquiring an additional 3,549 shares in the last quarter. Compound Planning Inc. raised its position in Sasol by 41.8% during the first quarter. Compound Planning Inc. now owns 14,678 shares of the oil and gas company’s stock worth $190,000 after acquiring an additional 4,330 shares in the last quarter. Finally, Ramsey Quantitative Systems acquired a new stake in Sasol in the second quarter valued at $68,000. 1.21% of the stock is currently owned by institutional investors.

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.