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

Sasol Ltd. (NYSE:SSL) 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 transaction of $28,671.48. Following the completion of the transaction, the executive vice president owned 16,313 shares of the company’s stock, valued at $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 available through this hyperlink.

Sasol Trading Up 2.8%

SSL stock 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 has a 50 day moving average price of $12.40 and a 200 day moving average price of $8.85. Sasol Ltd. has a fifty-two week low of $3.82 and a fifty-two week high of $14.36.

Hedge Funds Weigh In On Sasol

Several institutional investors and hedge funds have recently made changes to their positions in the company. Quantinno Capital Management LP grew 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 valued at $2,157,000 after buying an additional 48,086 shares during the period. Public Employees Retirement System of Ohio grew 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 valued at $2,061,000 after buying an additional 19,940 shares during the period. Compound Planning Inc. grew 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 valued at $190,000 after buying an additional 4,330 shares during the period. Arrowstreet Capital Limited Partnership grew its holdings in shares of Sasol by 3.1% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 796,208 shares of the oil and gas company’s stock valued at $10,319,000 after buying an additional 23,994 shares during the period. Finally, First Trust Advisors LP acquired a new position in shares of Sasol in the 1st quarter valued at $153,000. Institutional investors and hedge funds own 1.21% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Wall Street Zen upgraded shares of Sasol from a “hold” rating to a “buy” rating in a research report on Saturday, March 14th. The Goldman Sachs Group cut 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. Weiss Ratings reiterated a “sell (d+)” rating on shares of Sasol in a research report on Monday, April 20th. Finally, Zacks Research upgraded shares of Sasol from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 5th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold”.

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.