American Century Companies Inc. Acquires 180,827 Shares of Sasol Ltd. $SSL

American Century Companies Inc. grew its holdings in Sasol Ltd. (NYSE:SSL) by 25.5% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 890,502 shares of the oil and gas company’s stock after acquiring an additional 180,827 shares during the period. American Century Companies Inc.’s holdings in Sasol were worth $3,936,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Millennium Management LLC lifted its holdings in shares of Sasol by 75.7% in the 1st quarter. Millennium Management LLC now owns 1,450,355 shares of the oil and gas company’s stock valued at $6,135,000 after acquiring an additional 624,911 shares during the last quarter. Trexquant Investment LP raised its position in Sasol by 368.2% during the first quarter. Trexquant Investment LP now owns 437,517 shares of the oil and gas company’s stock valued at $1,851,000 after purchasing an additional 344,066 shares during the period. FNY Investment Advisers LLC bought a new stake in shares of Sasol in the 2nd quarter valued at approximately $898,000. ABC Arbitrage SA bought a new stake in shares of Sasol in the 2nd quarter valued at approximately $833,000. Finally, Creative Planning boosted its holdings in shares of Sasol by 157.0% in the 2nd quarter. Creative Planning now owns 246,324 shares of the oil and gas company’s stock worth $1,089,000 after purchasing an additional 150,491 shares during the period. 1.21% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

SSL has been the topic of several recent research reports. Weiss Ratings restated a “sell (d+)” rating on shares of Sasol in a report on Wednesday, October 8th. Zacks Research downgraded shares of Sasol from a “hold” rating to a “strong sell” rating in a research note on Tuesday, November 25th. Morgan Stanley lowered shares of Sasol from an “overweight” rating to an “equal weight” rating in a report on Monday, September 22nd. Finally, Wall Street Zen downgraded shares of Sasol from a “strong-buy” rating to a “buy” rating in a report on Saturday, November 15th. Two analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, Sasol currently has a consensus rating of “Reduce”.

Sasol Stock Up 1.4%

NYSE:SSL opened at $6.09 on Tuesday. Sasol Ltd. has a twelve month low of $2.78 and a twelve month high of $7.39. The company has a current ratio of 1.87, a quick ratio of 1.27 and a debt-to-equity ratio of 0.66. The stock has a fifty day simple moving average of $6.32 and a 200-day simple moving average of $5.81.

Sasol Profile

Sasol Limited operates as a chemical and energy company in South Africa and internationally. It offers alumina, such as battery materials, catalyst supports, abrasives and polishing, and polymer additives; cobalt fischer-tropsch catalysts; carbon-based and recarburiser products; graphite electrodes; and mono-ethylene glycol and chlor-alkali products, monomers, mining chemicals and reagents, blends and hydrocarbons, methanol products, polymers, phenolics, and fertilizers.