American Century Companies Inc. Purchases 50,412 Shares of Sasol Ltd. $SSL

Key Points

• American Century Companies Inc. increased its stake in Sasol Ltd. by 7.6% during the first quarter, acquiring an additional 50,412 shares, bringing its total ownership to 709,675 shares.
• Sasol's stock has been upgraded from a "hold" rating to a "buy" rating by Wall Street Zen, amid varying ratings from analysts.
• The company's market capitalization is approximately $4.37 billion, with a current stock price of $6.74, reflecting a significant increase from its 52-week low of $2.78.

American Century Companies Inc. raised its position in shares of Sasol Ltd. (NYSE:SSL - Free Report) by 7.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 709,675 shares of the oil and gas company's stock after acquiring an additional 50,412 shares during the quarter. American Century Companies Inc. owned about 0.11% of Sasol worth $3,002,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Aigen Investment Management LP bought a new position in shares of Sasol during the 1st quarter worth about $94,000. US Bancorp DE boosted its position in shares of Sasol by 27.5% during the 1st quarter. US Bancorp DE now owns 20,604 shares of the oil and gas company's stock worth $87,000 after purchasing an additional 4,442 shares in the last quarter. XTX Topco Ltd boosted its position in shares of Sasol by 549.7% during the 1st quarter. XTX Topco Ltd now owns 101,974 shares of the oil and gas company's stock worth $431,000 after purchasing an additional 86,279 shares in the last quarter. Private Advisor Group LLC boosted its position in shares of Sasol by 128.8% during the 1st quarter. Private Advisor Group LLC now owns 23,854 shares of the oil and gas company's stock worth $101,000 after purchasing an additional 13,428 shares in the last quarter. Finally, Cerity Partners LLC boosted its position in shares of Sasol by 102.7% during the 1st quarter. Cerity Partners LLC now owns 57,362 shares of the oil and gas company's stock worth $243,000 after purchasing an additional 29,063 shares in the last quarter. Institutional investors own 1.21% of the company's stock.

Sasol Trading Down 0.7%

SSL opened at $6.74 on Friday. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.84 and a quick ratio of 1.16. Sasol Ltd. has a fifty-two week low of $2.78 and a fifty-two week high of $8.12. The firm has a market capitalization of $4.37 billion, a PE ratio of 2.97, a P/E/G ratio of 0.23 and a beta of 0.76. The company's 50-day moving average is $5.32 and its 200 day moving average is $4.55.

Analysts Set New Price Targets

Separately, Wall Street Zen raised shares of Sasol from a "hold" rating to a "buy" rating in a research report on Saturday. One analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock has a consensus rating of "Hold".

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.