Semanteon Capital Management LP Takes $1.44 Million Position in Celanese Co. (NYSE:CE)

Semanteon Capital Management LP purchased a new position in shares of Celanese Co. (NYSE:CE - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 20,801 shares of the basic materials company's stock, valued at approximately $1,440,000.

A number of other institutional investors have also recently bought and sold shares of CE. Wellington Management Group LLP boosted its stake in shares of Celanese by 27.4% during the 3rd quarter. Wellington Management Group LLP now owns 9,460,353 shares of the basic materials company's stock worth $1,286,230,000 after acquiring an additional 2,036,362 shares during the period. State Street Corp lifted its holdings in Celanese by 3.1% during the 3rd quarter. State Street Corp now owns 4,500,813 shares of the basic materials company's stock valued at $611,931,000 after purchasing an additional 136,994 shares during the last quarter. Geode Capital Management LLC boosted its position in Celanese by 7.3% during the third quarter. Geode Capital Management LLC now owns 2,606,172 shares of the basic materials company's stock worth $353,145,000 after purchasing an additional 177,552 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in shares of Celanese by 4.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,037,757 shares of the basic materials company's stock valued at $71,823,000 after purchasing an additional 46,856 shares during the last quarter. Finally, KBC Group NV lifted its stake in shares of Celanese by 139.8% during the 4th quarter. KBC Group NV now owns 512,253 shares of the basic materials company's stock worth $35,453,000 after buying an additional 298,596 shares during the last quarter. Institutional investors and hedge funds own 98.87% of the company's stock.

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Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Bank of America cut their price objective on shares of Celanese from $88.00 to $72.00 and set a "buy" rating for the company in a research report on Monday, February 24th. Deutsche Bank Aktiengesellschaft dropped their price target on Celanese from $85.00 to $70.00 and set a "buy" rating for the company in a report on Thursday, February 20th. Barclays decreased their price objective on Celanese from $75.00 to $59.00 and set an "equal weight" rating on the stock in a report on Monday, February 24th. Morgan Stanley dropped their target price on Celanese from $100.00 to $80.00 and set an "equal weight" rating for the company in a report on Monday, January 13th. Finally, UBS Group decreased their price target on shares of Celanese from $72.00 to $60.00 and set a "neutral" rating on the stock in a research note on Thursday, February 20th. Three 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. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $66.67.

Celanese Price Performance

Shares of Celanese stock traded down $0.30 during trading on Tuesday, reaching $59.14. 2,583,797 shares of the company's stock were exchanged, compared to its average volume of 1,718,706. The firm's 50-day moving average price is $62.68 and its 200 day moving average price is $85.82. The company has a market cap of $6.47 billion, a P/E ratio of -4.25, a PEG ratio of 1.05 and a beta of 1.23. The company has a debt-to-equity ratio of 1.98, a quick ratio of 0.76 and a current ratio of 1.34. Celanese Co. has a 1-year low of $45.94 and a 1-year high of $172.16.

Celanese (NYSE:CE - Get Free Report) last issued its 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. Celanese had a positive return on equity of 12.86% and a negative net margin of 14.81%. The firm had revenue of $2.37 billion during the quarter, compared to the consensus estimate of $2.36 billion. As a group, research analysts anticipate that Celanese Co. will post 8.79 earnings per share for the current year.

Celanese Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 11th. Shareholders of record on Tuesday, February 25th were given a $0.03 dividend. The ex-dividend date was Tuesday, February 25th. This represents a $0.12 dividend on an annualized basis and a yield of 0.20%. Celanese's dividend payout ratio is currently -0.86%.

Celanese 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.