Sasol (NYSE:SSL) CFO Walt Paul Bruns Sells 1,798 Shares of Company Stock

Sasol Ltd. (NYSE:SSL) CFO Walt Paul Bruns sold 1,798 shares of the business’s stock in a transaction that occurred on Monday, September 28th. The shares were sold at an average price of $14.14, for a total transaction of $25,423.72. Following the completion of 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

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 transaction of $100,203.00.

Sasol Trading Up 0.9%

NYSE SSL traded up $0.12 on Thursday, hitting $13.94. 1,698,452 shares of the company’s stock were exchanged, compared to its average volume of 1,961,747. The stock has a 50-day moving average of $12.55 and a 200-day moving average of $12.32. Sasol Ltd. has a 52 week low of $5.24 and a 52 week 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) last issued 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 during the quarter. On average, analysts expect that Sasol Ltd. will post 2.71 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

SSL has been the topic of several research reports. UBS Group raised shares of Sasol from a “neutral” rating to a “buy” rating in a report on Thursday, June 4th. Weiss Ratings upgraded shares of Sasol from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, September 2nd. JPMorgan Chase & Co. reissued a “neutral” rating on shares of Sasol in a report on Monday, June 15th. Zacks Research upgraded Sasol from a “strong sell” rating to a “hold” rating in a research report on Monday, August 31st. Finally, Investec assumed coverage on Sasol in a research report on Wednesday, June 17th. They issued a “sell” rating for the company. Two research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold”.

Institutional Trading of Sasol

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Ramsey Quantitative Systems bought a new position in Sasol during the 2nd quarter worth $68,000. DGS Capital Management LLC bought a new position in shares of Sasol during the fourth quarter worth about $71,000. Blue Trust Inc. raised its position in shares of Sasol by 48.9% during the first quarter. Blue Trust Inc. now owns 9,115 shares of the oil and gas company’s stock worth $118,000 after acquiring an additional 2,992 shares during the last quarter. Kathmere Capital Management LLC acquired a new position in shares of Sasol in the first quarter worth approximately $152,000. Finally, First Trust Advisors LP bought a new stake in Sasol in the first quarter valued at approximately $153,000. 1.21% of the stock is currently owned by institutional investors and hedge funds.

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.