Sasol Ltd. (NYSE:SSL) Given Consensus Recommendation of “Hold” by Analysts

Sasol Ltd. (NYSE:SSL) has received an average rating of “Hold” from the six brokerages that are currently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a strong buy rating on the company.

Several analysts have recently commented on SSL shares. The Goldman Sachs Group downgraded shares of Sasol from a “buy” rating to a “neutral” rating in a research report on Monday, February 9th. UBS Group cut shares of Sasol from a “buy” rating to a “neutral” rating in a research report on Thursday, March 5th. Wall Street Zen upgraded Sasol from a “hold” rating to a “buy” rating in a research report on Saturday, March 14th. Weiss Ratings raised shares of Sasol from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday. Finally, Zacks Research raised Sasol from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 5th.

Insider Buying and Selling at Sasol

In related news, EVP Sarushen Dhanapalan Pillay sold 2,182 shares of the business’s stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $13.14, for a total value of $28,671.48. Following the completion of the sale, the executive vice president owned 16,313 shares in the company, valued at approximately $214,352.82. The trade was a 11.80% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.00% of the company’s stock.

Institutional Trading of Sasol

A number of hedge funds have recently added to or reduced their stakes in SSL. Atlas Capital Advisors Inc. purchased a new stake in shares of Sasol in the 4th quarter worth approximately $35,000. Caitong International Asset Management Co. Ltd boosted its stake in Sasol by 232.5% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 5,606 shares of the oil and gas company’s stock worth $36,000 after purchasing an additional 3,920 shares in the last quarter. EverSource Wealth Advisors LLC grew its holdings in shares of Sasol by 347.3% during the second quarter. EverSource Wealth Advisors LLC now owns 8,960 shares of the oil and gas company’s stock valued at $40,000 after buying an additional 6,957 shares during the last quarter. Blue Trust Inc. grew its stake in Sasol by 48.9% during the 1st quarter. Blue Trust Inc. now owns 9,115 shares of the oil and gas company’s stock valued at $118,000 after purchasing an additional 2,992 shares during the last quarter. Finally, EP Wealth Advisors LLC acquired a new position in Sasol in the 4th quarter worth approximately $66,000. 1.21% of the stock is owned by hedge funds and other institutional investors.

Sasol Trading Down 3.1%

Shares of SSL stock opened at $13.04 on Thursday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.09 and a current ratio of 1.66. Sasol has a 12-month low of $4.30 and a 12-month high of $14.36. The firm’s 50 day moving average is $12.66 and its 200 day moving average is $9.02.

Sasol Company Profile

Sasol Limited is an integrated energy and chemical company headquartered in Johannesburg, South Africa. The company’s core operations encompass the conversion of natural gas, coal and heavy hydrocarbons into liquid fuels and a wide array of chemical products. Sasol leverages proprietary Fischer-Tropsch and gas-to-liquids (GTL) technologies to deliver cleaner-burning diesel, jet fuel and naphtha, alongside solvents, surfactants and specialty polymers for industrial and consumer applications.

In addition to its GTL business, Sasol operates downstream facilities for the manufacture of alpha olefins, ethylene, propylene and other base-chemical intermediates.