Sasol Ltd. (NYSE:SSL) Given Average Rating of “Hold” by Analysts

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

A number of analysts recently commented on SSL shares. Zacks Research lowered Sasol from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 8th. UBS Group raised Sasol from a “neutral” rating to a “buy” rating in a research note on Thursday, June 4th. Weiss Ratings raised Sasol from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, May 18th. Finally, Wall Street Zen upgraded Sasol from a “buy” rating to a “strong-buy” rating in a report on Saturday, June 6th.

Sasol Stock Performance

Sasol stock opened at $12.97 on Monday. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.66 and a quick ratio of 1.09. Sasol has a fifty-two week low of $4.30 and a fifty-two week high of $14.36. The stock’s fifty day moving average is $13.06 and its two-hundred day moving average is $9.78.

Insider Activity at Sasol

In other news, EVP Sarushen Dhanapalan Pillay sold 2,182 shares of the firm’s stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $13.14, for a total value of $28,671.48. Following the transaction, the executive vice president directly owned 16,313 shares in the company, valued at $214,352.82. This trade represents a 11.80% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.00% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Sasol

A number of large investors have recently modified their holdings of the company. Parallel Advisors LLC raised its holdings in shares of Sasol by 4.6% in the 1st quarter. Parallel Advisors LLC now owns 20,894 shares of the oil and gas company’s stock worth $271,000 after purchasing an additional 915 shares during the period. Arkadios Wealth Advisors purchased a new position in shares of Sasol in the 1st quarter worth about $228,000. Quantinno Capital Management LP raised its holdings in shares of Sasol by 40.6% in the 1st quarter. Quantinno Capital Management LP now owns 166,465 shares of the oil and gas company’s stock worth $2,157,000 after purchasing an additional 48,086 shares during the period. Public Employees Retirement System of Ohio raised its holdings in shares of Sasol by 14.3% in the 1st quarter. Public Employees Retirement System of Ohio now owns 159,063 shares of the oil and gas company’s stock worth $2,061,000 after purchasing an additional 19,940 shares during the period. Finally, Compound Planning Inc. raised its holdings in shares of Sasol by 41.8% in the 1st quarter. Compound Planning Inc. now owns 14,678 shares of the oil and gas company’s stock worth $190,000 after purchasing an additional 4,330 shares during the period. 1.21% of the stock is currently owned by hedge funds and other institutional investors.

About Sasol

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.