Sasol Ltd. (NYSE:SSL) Given Consensus Recommendation of “Hold” by Brokerages

Sasol Ltd. (NYSE:SSL) has received a consensus rating of “Hold” from the six ratings firms that are presently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and one has issued a buy recommendation on the company.

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

Insider Activity at Sasol

In related 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 transaction of $28,671.48. Following 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 sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 1.00% of the company’s stock.

Institutional Investors Weigh In On Sasol

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Parallel Advisors LLC increased its holdings in Sasol by 4.6% during 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 last quarter. Laird Norton Wetherby Wealth Management LLC increased its holdings in Sasol by 5.1% during the 3rd quarter. Laird Norton Wetherby Wealth Management LLC now owns 32,723 shares of the oil and gas company’s stock worth $204,000 after purchasing an additional 1,593 shares during the last quarter. PDS Planning Inc increased its holdings in Sasol by 15.3% during the 4th quarter. PDS Planning Inc now owns 14,269 shares of the oil and gas company’s stock worth $93,000 after purchasing an additional 1,893 shares during the last quarter. Integrated Wealth Concepts LLC increased its holdings in Sasol by 3.9% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 62,848 shares of the oil and gas company’s stock worth $391,000 after purchasing an additional 2,334 shares during the last quarter. Finally, US Bancorp DE increased its holdings in Sasol by 11.5% during the 3rd quarter. US Bancorp DE now owns 26,354 shares of the oil and gas company’s stock worth $164,000 after purchasing an additional 2,719 shares during the last quarter. 1.21% of the stock is currently owned by hedge funds and other institutional investors.

Sasol Stock Down 0.3%

Shares of NYSE:SSL opened at $12.97 on Monday. The company has a current ratio of 1.66, a quick ratio of 1.09 and a debt-to-equity ratio of 0.53. Sasol has a one year low of $4.30 and a one year high of $14.36. The business’s 50-day simple moving average is $13.06 and its 200 day simple moving average is $9.78.

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.