Oxford Asset Management LLP Takes $625,000 Position in Celanese Co. (NYSE:CE)

Oxford Asset Management LLP bought a new position in Celanese Co. (NYSE:CE - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 9,026 shares of the basic materials company's stock, valued at approximately $625,000.

Several other hedge funds and other institutional investors have also modified their holdings of CE. Barclays PLC boosted its position in shares of Celanese by 14.0% in the third quarter. Barclays PLC now owns 281,709 shares of the basic materials company's stock worth $38,300,000 after buying an additional 34,658 shares during the period. Pine Valley Investments Ltd Liability Co boosted its position in shares of Celanese by 29.0% in the third quarter. Pine Valley Investments Ltd Liability Co now owns 17,397 shares of the basic materials company's stock worth $2,365,000 after buying an additional 3,906 shares during the period. Wilmington Savings Fund Society FSB acquired a new stake in shares of Celanese in the third quarter worth $179,000. Oddo BHF Asset Management Sas acquired a new stake in shares of Celanese in the third quarter worth $1,302,000. Finally, Principal Financial Group Inc. boosted its position in shares of Celanese by 11.8% in the third quarter. Principal Financial Group Inc. now owns 128,201 shares of the basic materials company's stock worth $17,430,000 after buying an additional 13,503 shares during the period. Institutional investors and hedge funds own 98.87% of the company's stock.

Celanese Stock Performance

CE traded up $0.27 on Monday, hitting $43.80. The company had a trading volume of 2,875,886 shares, compared to its average volume of 2,027,298. The company has a debt-to-equity ratio of 1.98, a current ratio of 1.34 and a quick ratio of 0.76. The company's fifty day moving average price is $49.28 and its 200 day moving average price is $70.16. The stock has a market cap of $4.79 billion, a price-to-earnings ratio of -3.14, a price-to-earnings-growth ratio of 1.05 and a beta of 1.08. Celanese Co. has a 1-year low of $36.29 and a 1-year high of $169.50.

Celanese (NYSE:CE - Get Free Report) last issued its quarterly earnings results on Tuesday, February 18th. The basic materials company reported $1.45 EPS for the quarter, topping the consensus estimate of $1.25 by $0.20. The company had revenue of $2.37 billion for the quarter, compared to the consensus estimate of $2.36 billion. Celanese had a positive return on equity of 12.86% and a negative net margin of 14.81%. Equities analysts predict that Celanese Co. will post 8.79 earnings per share for the current fiscal 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 given a $0.03 dividend. This represents a $0.12 annualized dividend and a yield of 0.27%. The ex-dividend date is Monday, April 28th. Celanese's dividend payout ratio is currently -0.86%.

Analyst Ratings Changes

Several brokerages have recently commented on CE. Robert W. Baird decreased their target price on Celanese from $110.00 to $67.00 and set an "outperform" rating for the company in a research report on Thursday, February 20th. Vertical Research raised Celanese from a "sell" rating to a "hold" rating and set a $66.00 price objective for the company in a research report on Thursday, March 6th. Morgan Stanley dropped their target price on Celanese from $100.00 to $80.00 and set an "equal weight" rating on the stock in a research report on Monday, January 13th. Royal Bank of Canada lowered Celanese from an "outperform" rating to a "sector perform" rating and reduced their price target for the company from $84.00 to $56.00 in a report on Thursday, February 20th. Finally, Piper Sandler reiterated an "underweight" rating and set a $48.00 price target (down from $50.00) on shares of Celanese in a report on Monday, April 7th. Three equities 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's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $61.33.

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.