Sasol Ltd. (SSL) - What Are Brokerages Saying About This Stock?

Key Points

• Analyst sentiment is mixed: Seven brokerages give Sasol a consensus “Hold” rating, with four holds, two buys, and one sell. Recent upgrades included Bank of America moving to “Buy” and Zacks Research moving to “Hold.”
• Sasol shares rose 2.4% to $16.31, near their 12-month high of $16.34. The company reported quarterly EPS of $0.56 on revenue of $4.61 billion, while analysts expect full-year EPS of $2.71.
• Insiders have been selling shares: Company insiders sold 60,412 shares worth approximately $800,983 over the past 90 days, while institutional investors own just 1.21% of the stock.

Shares of Sasol Ltd. (NYSE:SSL - Get Free Report) have been assigned a consensus rating of "Hold" from the seven research firms that are presently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and two have issued a buy recommendation on the company.

Several brokerages recently commented on SSL. Bank of America upgraded shares of Sasol from a "neutral" rating to a "buy" rating in a report on Wednesday, September 9th. Wall Street Zen upgraded Sasol from a "hold" rating to a "strong-buy" rating in a report on Saturday, September 5th. Zacks Research raised Sasol from a "strong sell" rating to a "hold" rating in a research report on Monday, August 31st. Finally, Weiss Ratings raised Sasol from a "hold (c-)" rating to a "hold (c)" rating in a research report on Thursday, October 8th.

Sasol Trading Up 2.4%

NYSE:SSL opened at $16.31 on Friday. Sasol has a twelve month low of $5.24 and a twelve month high of $16.34. The company has a quick ratio of 1.17, a current ratio of 1.79 and a debt-to-equity ratio of 0.49. The business has a 50 day moving average price of $13.40 and a two-hundred day moving average price of $12.55.

Sasol (NYSE:SSL - Get Free Report) last posted its quarterly earnings data on Friday, August 14th. The oil and gas company reported $0.56 earnings per share (EPS) for the quarter. The business had revenue of $4.61 billion during the quarter. Equities analysts predict that Sasol will post 2.71 earnings per share for the current year.

Insider Buying and Selling

In other news, EVP Victor Bester sold 2,852 shares of the stock in a transaction that occurred on Tuesday, September 8th. The stock was sold at an average price of $12.70, for a total value of $36,220.40. Following the completion of the sale, the executive vice president owned 26,855 shares of the company's stock, valued at approximately $341,058.50. This represents a 9.60% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Vuyo Dominic Kahla sold 22,608 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 $287,121.60. Following the completion of the transaction, the executive vice president directly owned 114,792 shares of the company's stock, valued at $1,457,858.40. This represents a 16.45% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 60,412 shares of company stock worth $800,983 over the last 90 days. Company insiders own 1.00% of the company's stock.

Institutional Trading of Sasol

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Ramsey Quantitative Systems acquired a new stake in Sasol in the second quarter valued at $68,000. DGS Capital Management LLC bought a new position in shares of Sasol in the 4th quarter valued at about $71,000. Mather Group LLC. bought a new position in shares of Sasol in the 3rd quarter valued at about $83,000. Blue Trust Inc. increased its stake in shares of Sasol by 48.9% during the 1st quarter. Blue Trust Inc. now owns 9,115 shares of the oil and gas company's stock worth $118,000 after purchasing an additional 2,992 shares during the last quarter. Finally, Foster Group Inc. acquired a new position in shares of Sasol during the 3rd quarter worth about $142,000. 1.21% of the stock is owned by institutional investors.

About Sasol

Sasol Limited is an integrated chemicals and energy company headquartered in Johannesburg, South Africa. Founded in 1950, the company developed expertise in converting coal and other feedstocks into fuels and chemical products and remains known for its proprietary Fischer-Tropsch and related process technologies.

Sasol produces and markets fuels, solvents, alcohols, waxes, polymers, ammonia, and other chemical products used in industries such as manufacturing, mining, agriculture, automotive, and consumer goods.

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