Sasol (NYSE:SSL) EVP Sarushen Dhanapalan Pillay Sells 2,182 Shares

Sasol Ltd. (NYSE:SSL) EVP Sarushen Dhanapalan Pillay sold 2,182 shares of the business’s stock in a transaction on Monday, May 11th. The shares were sold at an average price of $13.14, for a total transaction of $28,671.48. Following the completion of the sale, the executive vice president directly owned 16,313 shares of the company’s stock, valued at approximately $214,352.82. This trade represents a 11.80% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Sasol Stock Up 2.8%

Shares of SSL opened at $13.50 on Friday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.09 and a current ratio of 1.66. The company’s 50 day simple moving average is $12.40 and its 200-day simple moving average is $8.85. Sasol Ltd. has a 12-month low of $3.82 and a 12-month high of $14.36.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on SSL. JPMorgan Chase & Co. restated an “underweight” rating on shares of Sasol in a research report on Friday, January 16th. UBS Group downgraded Sasol from a “buy” rating to a “neutral” rating in a research note on Thursday, March 5th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Sasol in a research note on Monday, April 20th. Wall Street Zen raised Sasol from a “hold” rating to a “buy” rating in a research note on Saturday, March 14th. Finally, The Goldman Sachs Group downgraded Sasol from a “buy” rating to a “neutral” rating in a research note on Monday, February 9th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of SSL. Millennium Management LLC raised its position in Sasol by 75.7% in the first quarter. Millennium Management LLC now owns 1,450,355 shares of the oil and gas company’s stock worth $6,135,000 after acquiring an additional 624,911 shares in the last quarter. Jane Street Group LLC raised its position in Sasol by 31.9% in the first quarter. Jane Street Group LLC now owns 154,700 shares of the oil and gas company’s stock worth $654,000 after acquiring an additional 37,412 shares in the last quarter. Sivia Capital Partners LLC purchased a new position in Sasol in the second quarter worth $52,000. JPMorgan Chase & Co. raised its position in Sasol by 7,082.0% in the second quarter. JPMorgan Chase & Co. now owns 59,395 shares of the oil and gas company’s stock worth $263,000 after acquiring an additional 58,568 shares in the last quarter. Finally, EverSource Wealth Advisors LLC raised its position in Sasol by 347.3% in the second quarter. EverSource Wealth Advisors LLC now owns 8,960 shares of the oil and gas company’s stock worth $40,000 after acquiring an additional 6,957 shares in the last quarter. Hedge funds and other institutional investors own 1.21% of the company’s stock.

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.