Celanese Co. (NYSE:CE) Position Boosted by Exane Derivatives

Exane Derivatives raised its holdings in shares of Celanese Co. (NYSE:CEGet Rating) by 22,640.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,137 shares of the basic materials company’s stock after acquiring an additional 1,132 shares during the quarter. Exane Derivatives’ holdings in Celanese were worth $134,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Parkside Financial Bank & Trust lifted its holdings in shares of Celanese by 92.6% during the 1st quarter. Parkside Financial Bank & Trust now owns 181 shares of the basic materials company’s stock valued at $25,000 after buying an additional 87 shares during the last quarter. Clearstead Advisors LLC lifted its holdings in shares of Celanese by 830.0% during the 1st quarter. Clearstead Advisors LLC now owns 186 shares of the basic materials company’s stock valued at $27,000 after buying an additional 166 shares during the last quarter. Herold Advisors Inc. acquired a new stake in shares of Celanese during the 1st quarter valued at about $35,000. Cambridge Trust Co. lifted its holdings in shares of Celanese by 137.5% during the 1st quarter. Cambridge Trust Co. now owns 247 shares of the basic materials company’s stock valued at $35,000 after buying an additional 143 shares during the last quarter. Finally, J.W. Cole Advisors Inc. acquired a new stake in shares of Celanese during the 1st quarter valued at about $45,000. Hedge funds and other institutional investors own 93.34% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on CE. Deutsche Bank Aktiengesellschaft reduced their price target on Celanese from $175.00 to $140.00 and set a “buy” rating for the company in a report on Tuesday, August 2nd. Bank of America reduced their target price on Celanese from $171.00 to $144.00 and set a “neutral” rating for the company in a report on Wednesday, July 13th. Robert W. Baird reduced their target price on Celanese to $180.00 in a report on Tuesday, August 9th. Jefferies Financial Group lowered Celanese from a “buy” rating to a “hold” rating in a report on Thursday, June 16th. Finally, StockNews.com upgraded Celanese from a “hold” rating to a “buy” rating in a report on Tuesday. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $158.80.

Celanese Stock Performance

Shares of NYSE CE opened at $99.39 on Wednesday. The company has a quick ratio of 1.06, a current ratio of 1.72 and a debt-to-equity ratio of 0.58. The business’s 50 day moving average is $112.28 and its two-hundred day moving average is $130.58. The company has a market cap of $10.77 billion, a P/E ratio of 5.54 and a beta of 1.22. Celanese Co. has a 12 month low of $98.43 and a 12 month high of $176.50.

Celanese (NYSE:CEGet Rating) last released its quarterly earnings data on Thursday, July 28th. The basic materials company reported $4.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.56 by $0.43. The business had revenue of $2.49 billion for the quarter, compared to analysts’ expectations of $2.39 billion. Celanese had a return on equity of 46.75% and a net margin of 20.55%. Celanese’s quarterly revenue was up 13.1% on a year-over-year basis. During the same period in the previous year, the business posted $5.02 earnings per share. On average, equities analysts expect that Celanese Co. will post 18.18 EPS for the current year.

Celanese Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 8th. Stockholders of record on Monday, July 25th were given a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a dividend yield of 2.74%. The ex-dividend date was Friday, July 22nd. Celanese’s dividend payout ratio is presently 15.16%.

Celanese Company Profile

(Get Rating)

Celanese Corporation, a technology and specialty materials company, manufactures and sells high performance engineered polymers in the United States and internationally. The company operates through three segments: Engineered Materials, Acetate Tow, and Acetyl Chain. The Engineered Materials segment develops, produces, and supplies specialty polymers for automotive and medical applications, as well as for use in industrial products and consumer electronics.

Featured Articles

Institutional Ownership by Quarter for Celanese (NYSE:CE)

Receive News & Ratings for Celanese Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Celanese and related companies with MarketBeat.com's FREE daily email newsletter.