Sasol (NYSE:SSL) EVP Sandile Lawrence Siyaya Sells 2,842 Shares of Company Stock

Sasol Ltd. (NYSE:SSL) EVP Sandile Lawrence Siyaya sold 2,842 shares of the firm’s stock in a transaction on Tuesday, September 8th. The shares were sold at an average price of $12.70, for a total transaction of $36,093.40. Following the transaction, the executive vice president directly owned 301 shares of the company’s stock, valued at $3,822.70. The trade was a 90.42% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.

Sasol Stock Down 0.0%

Shares of NYSE SSL opened at $14.29 on Friday. Sasol Ltd. has a 52-week low of $5.24 and a 52-week 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. The firm’s fifty day moving average is $12.35 and its two-hundred day moving average is $12.21.

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

Analyst Ratings Changes

SSL has been the subject of a number of research reports. UBS Group upgraded Sasol from a “neutral” rating to a “buy” rating in a research report on Thursday, June 4th. 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 raised shares of Sasol from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, September 2nd. Bank of America upgraded shares of Sasol from a “neutral” rating to a “buy” rating in a report on Wednesday, September 9th. Finally, Investec began coverage on shares of Sasol in a research report on Wednesday, June 17th. They set a “sell” rating on the stock. Two research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Sequoia Financial Advisors LLC boosted its holdings in Sasol by 35.5% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 47,869 shares of the oil and gas company’s stock valued at $470,000 after acquiring an additional 12,529 shares during the period. Arlington Capital Management Inc. purchased a new stake in Sasol in the second quarter worth $255,000. Engineers Gate Manager LP lifted its position in shares of Sasol by 146.6% during the second quarter. Engineers Gate Manager LP now owns 83,589 shares of the oil and gas company’s stock worth $821,000 after purchasing an additional 49,699 shares during the last quarter. Integrated Wealth Concepts LLC lifted its position in shares of Sasol by 38.7% during the second quarter. Integrated Wealth Concepts LLC now owns 107,176 shares of the oil and gas company’s stock worth $1,052,000 after purchasing an additional 29,879 shares during the last quarter. Finally, Corient Private Wealth LP lifted its position in shares of Sasol by 42.3% during the second quarter. Corient Private Wealth LP now owns 48,279 shares of the oil and gas company’s stock worth $474,000 after purchasing an additional 14,355 shares during the last quarter. Institutional investors own 1.21% of the company’s stock.

Trending Headlines about Sasol

Here are the key news stories impacting Sasol this week:

• Neutral Sentiment: Analysts maintain a consensus “Hold” rating on Sasol, signaling limited conviction that the stock will outperform in the near term. Sasol Receives Consensus Hold Rating
• Negative Sentiment: Five Sasol executives, including CFO Walt Paul Bruns and EVP Vuyo Dominic Kahla, collectively sold 36,974 shares for approximately $469,570 at an average price of $12.70 on September 8. The sales reduced their individual holdings by roughly 4.6% to 90.4%, which could weigh on investor sentiment, although insider sales may also reflect personal financial planning rather than a negative outlook. Sasol Executive Insider Sale Filing

About Sasol

Sasol Limited is a South African integrated chemicals and energy company listed on the New York Stock Exchange under the symbol SSL. The company develops and commercializes technologies that convert coal and natural gas into fuels, chemicals and other value-added products, with operations and customers in South Africa and international markets.

Its portfolio includes liquid fuels, solvents, alcohols, surfactants, polymers, waxes, ammonia and other chemical products used in sectors such as mining, manufacturing, agriculture, automotive, personal care and household products.