Sasol (NYSE:SSL) Stock: Insider Victor Bester Sells 2,852 Shares

Key Points

• Insider sale: EVP Victor Bester sold 2,852 Sasol shares at an average price of $12.70, generating $36,220.40 and reducing his ownership by 9.6% to 26,855 shares.
• Stock and results: Sasol shares recently traded at $14.29, near the upper end of their one-year range. The company reported quarterly earnings of $0.56 per share on $4.61 billion in revenue.
• Analyst sentiment remains mixed: Several firms recently upgraded Sasol, but the overall consensus is still “Hold,” with two Buy, four Hold, and one Sell rating. Institutional investors own approximately 1.21% of the stock.

Sasol Ltd. (NYSE:SSL - Get Free Report) EVP Victor Bester sold 2,852 shares of the company's 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 sale, the executive vice president directly owned 26,855 shares in the company, valued at $341,058.50. This trade represents a 9.60% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Sasol Trading Down 0.0%

Shares of NYSE SSL traded down $0.01 during midday trading on Thursday, reaching $14.29. 1,638,992 shares of the stock traded hands, compared to its average volume of 1,832,044. The company's 50 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 quarterly earnings results on Friday, August 14th. The oil and gas company reported $0.56 earnings per share for the quarter. The business had revenue of $4.61 billion during the quarter. On average, research analysts anticipate that Sasol Ltd. will post 2.71 EPS for the current year.

Analysts Set New Price Targets

A number of analysts have recently weighed in on SSL shares. Wall Street Zen upgraded shares of 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. Bank of America upgraded Sasol from a "neutral" rating to a "buy" rating in a research report on Wednesday, September 9th. Zacks Research raised Sasol from a "strong sell" rating to a "hold" rating in a research note on Monday, August 31st. Finally, Weiss Ratings upgraded Sasol from a "sell (d+)" rating to a "hold (c-)" rating in a research report on Wednesday, September 2nd. 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 company. According to MarketBeat, Sasol has an average rating of "Hold".

Hedge Funds Weigh In On Sasol

A number of hedge funds and other institutional investors have recently made changes to their positions in SSL. Sequoia Financial Advisors LLC raised its stake in shares of Sasol by 35.5% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 47,869 shares of the oil and gas company's stock worth $470,000 after acquiring an additional 12,529 shares in the last quarter. Arlington Capital Management Inc. acquired a new stake in Sasol in the 2nd quarter valued at $255,000. Engineers Gate Manager LP raised its position 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 worth $821,000 after acquiring an additional 49,699 shares during the period. Integrated Wealth Concepts LLC grew its position in shares of Sasol by 38.7% in the second quarter. Integrated Wealth Concepts LLC now owns 107,176 shares of the oil and gas company's stock valued at $1,052,000 after purchasing an additional 29,879 shares during the period. Finally, Corient Private Wealth LP grew its position in shares of Sasol by 42.3% in the second quarter. Corient Private Wealth LP now owns 48,279 shares of the oil and gas company's stock valued at $474,000 after purchasing an additional 14,355 shares during the period. Institutional investors own 1.21% of the company's stock.

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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