Sasol (NYSE:SSL) CFO Sells $100,203.00 in Stock

Key Points

• Sasol CFO Walt Paul Bruns sold 7,890 shares at an average price of $12.70, generating $100,203. Following the transaction, he retained 54,628 shares, a 12.62% reduction in his direct ownership.
• Sasol’s shares traded near $14.29, close to the company’s 52-week high of $15.18, while the company reported quarterly EPS of $0.56 on revenue of $4.61 billion.
• Analyst sentiment has improved, with UBS and Bank of America upgrading the stock to “Buy,” although the overall consensus remains “Hold”; institutional investors own only 1.21% of shares.

Sasol Ltd. (NYSE:SSL - Get Free Report) CFO Walt Paul Bruns sold 7,890 shares of the company'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 $100,203.00. Following the completion of the sale, the chief financial officer directly owned 54,628 shares in the company, valued at approximately $693,775.60. The trade was a 12.62% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Sasol Stock Down 0.0%

SSL traded down $0.01 during midday trading on Thursday, hitting $14.29. 1,638,992 shares of the company were exchanged, compared to its average volume of 1,832,044. The company's 50 day simple moving average is $12.35 and its 200 day simple moving average is $12.21. Sasol Ltd. has a 1-year low of $5.24 and a 1-year high of $15.18. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.79 and a quick ratio of 1.17.

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Assenagon Asset Management S.A. grew its stake in Sasol by 123.3% in the 2nd quarter. Assenagon Asset Management S.A. now owns 1,381,209 shares of the oil and gas company's stock valued at $13,563,000 after acquiring an additional 762,796 shares during the period. Public Employees Retirement System of Ohio acquired a new position in Sasol during the second quarter worth $1,084,000. Sanctuary Advisors LLC acquired a new position in Sasol during the first quarter worth $1,231,000. Quantinno Capital Management LP lifted its holdings in Sasol by 40.6% during the first quarter. Quantinno Capital Management LP now owns 166,465 shares of the oil and gas company's stock valued at $2,157,000 after purchasing an additional 48,086 shares in the last quarter. Finally, Engineers Gate Manager LP lifted its holdings in 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 valued at $821,000 after purchasing an additional 49,699 shares in the last quarter. Hedge funds and other institutional investors own 1.21% of the company's stock.

Analyst Ratings Changes

SSL has been the subject of a number of analyst reports. Wall Street Zen raised Sasol from a "hold" rating to a "strong-buy" rating in a report on Saturday, September 5th. JPMorgan Chase & Co. reaffirmed a "neutral" rating on shares of Sasol in a report on Monday, June 15th. UBS Group upgraded shares of Sasol from a "neutral" rating to a "buy" rating in a research note on Thursday, June 4th. Bank of America raised shares of Sasol from a "neutral" rating to a "buy" rating in a report on Wednesday, September 9th. Finally, Zacks Research upgraded shares of Sasol from a "strong sell" rating to a "hold" rating in a research report on Monday, August 31st. Two research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold".

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.

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