Dodge & Cox Has $942.51 Million Stock Holdings in Celanese Co. (NYSE:CE)

Dodge & Cox increased its holdings in shares of Celanese Co. (NYSE:CE - Free Report) by 100.3% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 13,618,062 shares of the basic materials company's stock after purchasing an additional 6,818,993 shares during the period. Dodge & Cox owned 12.46% of Celanese worth $942,506,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the business. Jump Financial LLC acquired a new position in shares of Celanese during the 4th quarter worth approximately $409,000. Canada Post Corp Registered Pension Plan acquired a new position in shares of Celanese in the fourth quarter valued at $123,000. XTX Topco Ltd raised its position in shares of Celanese by 62.4% in the fourth quarter. XTX Topco Ltd now owns 10,193 shares of the basic materials company's stock valued at $705,000 after purchasing an additional 3,917 shares during the period. Barclays PLC lifted its stake in shares of Celanese by 25.1% during the 4th quarter. Barclays PLC now owns 352,412 shares of the basic materials company's stock worth $24,391,000 after buying an additional 70,703 shares during the last quarter. Finally, Townsquare Capital LLC boosted its holdings in shares of Celanese by 102.4% during the 4th quarter. Townsquare Capital LLC now owns 6,461 shares of the basic materials company's stock worth $447,000 after buying an additional 3,269 shares during the period. Institutional investors and hedge funds own 98.87% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. Wells Fargo & Company lowered their price target on shares of Celanese from $55.00 to $40.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 9th. KeyCorp dropped their price target on Celanese from $76.00 to $71.00 and set an "overweight" rating for the company in a report on Monday, April 14th. StockNews.com lowered Celanese from a "hold" rating to a "sell" rating in a report on Thursday, February 20th. Piper Sandler reissued an "underweight" rating and set a $48.00 target price (down previously from $50.00) on shares of Celanese in a report on Monday, April 7th. Finally, Mizuho set a $45.00 price target on shares of Celanese in a research note on Tuesday. Three research analysts have rated the stock with a sell rating, ten have given a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $61.33.

Celanese Price Performance

CE traded up $2.50 on Friday, reaching $40.03. The stock had a trading volume of 2,590,695 shares, compared to its average volume of 1,988,182. The firm has a 50-day moving average of $52.06 and a 200-day moving average of $74.44. The company has a market capitalization of $4.38 billion, a price-to-earnings ratio of -2.87, a price-to-earnings-growth ratio of 1.05 and a beta of 1.08. Celanese Co. has a fifty-two week low of $36.29 and a fifty-two week high of $169.50. The company has a current ratio of 1.34, a quick ratio of 0.76 and a debt-to-equity ratio of 1.98.

Celanese (NYSE:CE - Get Free Report) last announced its earnings results on Tuesday, February 18th. The basic materials company reported $1.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.25 by $0.20. Celanese had a positive return on equity of 12.86% and a negative net margin of 14.81%. The business had revenue of $2.37 billion during the quarter, compared to analyst estimates of $2.36 billion. As a group, sell-side analysts anticipate that Celanese Co. will post 8.79 EPS for the current year.

Celanese Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, May 12th. Shareholders of record on Monday, April 28th will be issued a dividend of $0.03 per share. The ex-dividend date of this dividend is Monday, April 28th. This represents a $0.12 dividend on an annualized basis and a yield of 0.30%. Celanese's payout ratio is currently -0.86%.

Celanese Company Profile

Celanese Corporation, a chemical and specialty materials company, manufactures and sells high performance engineered polymers in the United States and internationally. It operates through Engineered Materials 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.