Sasol (NYSE:SSL) Stock: Insider Sandile Lawrence Siyaya Sells 2,842 Shares

Key Points

• Sasol EVP Sandile Lawrence Siyaya sold 2,842 shares at an average price of $12.70, generating $36,093.40. The sale reduced his holdings by 90.42%, leaving him with 301 shares.
• Sasol shares recently traded at $14.29, near the upper end of their $5.24–$15.18 one-year range. The company reported quarterly EPS of $0.56 on revenue of $4.61 billion, while analysts expect $2.71 in full-year EPS.
• Recent analyst actions included upgrades from UBS and Bank of America to “Buy,” but the overall analyst consensus remains “Hold”. Institutional investors own 1.21% of Sasol’s stock.

Sasol Ltd. (NYSE:SSL - Get Free Report) EVP Sandile Lawrence Siyaya sold 2,842 shares of Sasol stock in a transaction on Tuesday, September 8th. The shares were sold at an average price of $12.70, for a total transaction of $36,093.40. Following the completion of the sale, the executive vice president owned 301 shares in the company, valued at approximately $3,822.70. This trade represents a 90.42% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Sasol Trading Down 0.0%

NYSE SSL traded down $0.01 during trading on Thursday, hitting $14.29. The company had a trading volume of 1,638,992 shares, compared to its average volume of 1,832,044. The company's fifty day moving average is $12.35 and its 200-day moving average is $12.21. Sasol Ltd. has a one year low of $5.24 and a one year high of $15.18. 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 earnings results on Friday, August 14th. The oil and gas company reported $0.56 earnings per share for the quarter. The company had revenue of $4.61 billion for the quarter. Equities research analysts expect that Sasol Ltd. will post 2.71 earnings per share for the current year.

Institutional Trading of Sasol

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Assenagon Asset Management S.A. increased its position in Sasol by 123.3% during 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 buying an additional 762,796 shares in the last quarter. Public Employees Retirement System of Ohio bought a new stake in Sasol in the second quarter worth $1,084,000. Sanctuary Advisors LLC purchased a new stake in shares of Sasol in the first quarter worth $1,231,000. Quantinno Capital Management LP grew its stake 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 acquiring an additional 48,086 shares during the last quarter. Finally, Engineers Gate Manager LP increased its holdings in shares of 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 acquiring an additional 49,699 shares in the last quarter. Hedge funds and other institutional investors own 1.21% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on SSL shares. Weiss Ratings raised Sasol from a "sell (d+)" rating to a "hold (c-)" rating in a research report on Wednesday, September 2nd. UBS Group upgraded Sasol from a "neutral" rating to a "buy" rating in a research report on Thursday, June 4th. Zacks Research raised Sasol from a "strong sell" rating to a "hold" rating in a research note on Monday, August 31st. Bank of America upgraded Sasol from a "neutral" rating to a "buy" rating in a report on Wednesday, September 9th. Finally, JPMorgan Chase & Co. restated a "neutral" rating on shares of Sasol in a report on Monday, June 15th. 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's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold".

Sasol Company Profile

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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