Oak Thistle LLC Acquires New Position in Celanese Co. (NYSE:CE)

Oak Thistle LLC acquired a new stake in shares of Celanese Co. (NYSE:CE - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 8,014 shares of the basic materials company's stock, valued at approximately $555,000.

Several other institutional investors have also modified their holdings of CE. Acadian Asset Management LLC bought a new stake in shares of Celanese in the 2nd quarter worth about $170,000. DekaBank Deutsche Girozentrale lifted its stake in Celanese by 2.6% in the second quarter. DekaBank Deutsche Girozentrale now owns 17,628 shares of the basic materials company's stock worth $2,417,000 after purchasing an additional 451 shares during the last quarter. Federated Hermes Inc. lifted its stake in Celanese by 255.9% in the second quarter. Federated Hermes Inc. now owns 1,260 shares of the basic materials company's stock worth $170,000 after purchasing an additional 906 shares during the last quarter. Oppenheimer Asset Management Inc. boosted its position in shares of Celanese by 16.0% during the second quarter. Oppenheimer Asset Management Inc. now owns 9,100 shares of the basic materials company's stock valued at $1,227,000 after buying an additional 1,256 shares during the period. Finally, Dimensional Fund Advisors LP grew its stake in shares of Celanese by 14.9% during the second quarter. Dimensional Fund Advisors LP now owns 1,161,298 shares of the basic materials company's stock valued at $156,663,000 after buying an additional 150,201 shares during the last quarter. 98.87% of the stock is owned by institutional investors.

Celanese Stock Up 1.1 %

Celanese stock traded up $0.80 during trading hours on Friday, reaching $72.70. The stock had a trading volume of 1,737,539 shares, compared to its average volume of 2,057,377. Celanese Co. has a 52 week low of $64.05 and a 52 week high of $172.16. The company has a market cap of $7.95 billion, a price-to-earnings ratio of 7.31, a PEG ratio of 0.62 and a beta of 1.18. The company has a debt-to-equity ratio of 1.47, a current ratio of 1.37 and a quick ratio of 0.76. The business's 50 day moving average price is $70.71 and its 200-day moving average price is $109.60.

Celanese (NYSE:CE - Get Free Report) last posted its earnings results on Monday, November 4th. The basic materials company reported $2.44 EPS for the quarter, missing analysts' consensus estimates of $2.85 by ($0.41). Celanese had a net margin of 10.40% and a return on equity of 13.17%. The firm had revenue of $2.65 billion for the quarter, compared to analysts' expectations of $2.70 billion. During the same period in the previous year, the company earned $2.50 EPS. The company's revenue was down 2.8% on a year-over-year basis. Sell-side analysts anticipate that Celanese Co. will post 8.13 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on CE shares. Jefferies Financial Group dropped their price objective on Celanese from $102.00 to $82.00 in a report on Thursday, December 5th. Robert W. Baird cut their price target on shares of Celanese from $150.00 to $110.00 and set an "outperform" rating on the stock in a report on Wednesday, November 6th. Vertical Research lowered shares of Celanese from a "hold" rating to a "sell" rating and set a $130.00 price objective for the company. in a report on Tuesday, October 29th. Barclays dropped their target price on shares of Celanese from $101.00 to $88.00 and set an "equal weight" rating on the stock in a research note on Tuesday, November 19th. Finally, Morgan Stanley decreased their price target on shares of Celanese from $100.00 to $80.00 and set an "equal weight" rating for the company in a research note on Monday. Four analysts have rated the stock with a sell rating, ten have given a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $106.00.

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.