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

Shares of Sasol Ltd. (NYSE:SSL) have been given an average rating of “Reduce” by the seven research firms that are presently covering the firm, MarketBeat reports. Two analysts have rated the stock with a sell recommendation, four have given a hold recommendation and one has assigned a buy recommendation to the company.

SSL has been the topic of a number of analyst reports. UBS Group raised Sasol from a “neutral” rating to a “buy” rating in a report on Thursday, June 4th. JPMorgan Chase & Co. reissued a “neutral” rating on shares of Sasol in a research note on Monday, June 15th. Investec began coverage on Sasol in a report on Wednesday, June 17th. They issued a “sell” rating for the company. Weiss Ratings downgraded Sasol from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, June 25th. Finally, Wall Street Zen lowered Sasol from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 20th.

Insider Transactions at Sasol

In other news, EVP Sarushen Dhanapalan Pillay sold 2,182 shares of Sasol stock in a transaction that occurred 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 in the company, valued at approximately $214,352.82. This trade represents a 11.80% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.00% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in SSL. Atlas Capital Advisors Inc. purchased a new position in Sasol during the 4th quarter valued at about $35,000. Caitong International Asset Management Co. Ltd lifted its holdings in shares of Sasol by 232.5% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 5,606 shares of the oil and gas company’s stock valued at $36,000 after purchasing an additional 3,920 shares in the last quarter. EverSource Wealth Advisors LLC lifted its holdings in shares of 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 valued at $40,000 after purchasing an additional 6,957 shares in the last quarter. Blue Trust Inc. grew its position in shares of Sasol by 48.9% in the first 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 stake in shares of Sasol in the fourth quarter valued at approximately $66,000. Hedge funds and other institutional investors own 1.21% of the company’s stock.

Sasol Stock Up 0.0%

Sasol stock opened at $10.33 on Friday. The stock has a 50 day moving average of $12.15 and a two-hundred day moving average of $10.33. Sasol has a twelve month low of $4.77 and a twelve month high of $14.36. The company has a quick ratio of 1.09, a current ratio of 1.66 and a debt-to-equity ratio of 0.53.

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.