Sasol (NYSE:SSL) CFO Sells 1,798 Shares of Stock

Key Points

• Sasol CFO Walt Paul Bruns sold 1,798 shares at an average price of $14.14, generating $25,423.72. The sale reduced his holdings by 3.18% to 54,819 shares; he also sold 7,890 shares earlier in September.
• Sasol shares rose 0.9% to $13.94, within their $5.24–$15.18 12-month range. The company recently reported quarterly EPS of $0.56 on revenue of $4.61 billion.
• Analyst sentiment remains mixed but centers on a “Hold” consensus: two analysts rate the stock Buy, four Hold, and one Sell.

Sasol Ltd. (NYSE:SSL - Get Free Report) CFO Walt Paul Bruns sold 1,798 shares of Sasol stock in a transaction dated Monday, September 28th. The stock was sold at an average price of $14.14, for a total value of $25,423.72. Following the transaction, the chief financial officer owned 54,819 shares of the company's stock, valued at $775,140.66. The trade was a 3.18% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Walt Paul Bruns also recently made the following trade(s):

• On Tuesday, September 8th, Walt Paul Bruns sold 7,890 shares of Sasol stock. The shares were sold at an average price of $12.70, for a total value of $100,203.00.

Sasol Stock Up 0.9%

Shares of SSL stock traded up $0.12 during trading on Thursday, reaching $13.94. 1,698,452 shares of the company's stock were exchanged, compared to its average volume of 1,961,747. Sasol Ltd. has a twelve month low of $5.24 and a twelve month high of $15.18. The firm's fifty day moving average price is $12.55 and its 200-day moving average price is $12.32. The company has a quick ratio of 1.17, a current ratio of 1.79 and a debt-to-equity ratio of 0.49.

Sasol (NYSE:SSL - Get Free Report) last announced its quarterly earnings results 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 for the quarter. As a group, research analysts predict that Sasol Ltd. will post 2.71 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

SSL has been the subject of a number of research analyst reports. Zacks Research upgraded Sasol from a "strong sell" rating to a "hold" rating in a report on Monday, August 31st. Investec started coverage on Sasol in a report on Wednesday, June 17th. They set a "sell" rating for the company. Weiss Ratings raised Sasol from a "sell (d+)" rating to a "hold (c-)" rating in a report on Wednesday, September 2nd. UBS Group raised Sasol from a "neutral" rating to a "buy" rating in a report on Thursday, June 4th. Finally, JPMorgan Chase & Co. reissued a "neutral" rating on shares of Sasol in a research report on Monday, June 15th. Two analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold".

Hedge Funds Weigh In On Sasol

A number of hedge funds have recently added to or reduced their stakes in the stock. Assenagon Asset Management S.A. raised its holdings 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 in the last quarter. Pictet Asset Management Holding SA acquired a new stake in shares of Sasol during the 1st quarter worth $11,284,000. Arrowstreet Capital Limited Partnership increased its position in shares of Sasol by 3.1% in the first quarter. Arrowstreet Capital Limited Partnership now owns 796,208 shares of the oil and gas company's stock worth $10,319,000 after purchasing an additional 23,994 shares during the period. Quantinno Capital Management LP increased its position in shares of Sasol by 40.6% in the first quarter. Quantinno Capital Management LP now owns 166,465 shares of the oil and gas company's stock worth $2,157,000 after purchasing an additional 48,086 shares during the period. Finally, Public Employees Retirement System of Ohio raised its stake in Sasol by 14.3% in the first 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 purchasing an additional 19,940 shares in the last quarter. Institutional investors own 1.21% of the company's stock.

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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