Celanese Co. (NYSE:CE) Stock Holdings Increased by Signal Advisors Wealth LLC

Signal Advisors Wealth LLC raised its position in Celanese Co. (NYSE:CE - Free Report) by 93.9% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 16,812 shares of the basic materials company's stock after buying an additional 8,142 shares during the quarter. Signal Advisors Wealth LLC's holdings in Celanese were worth $1,164,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Acadian Asset Management LLC purchased a new position in shares of Celanese in the 2nd quarter valued at about $170,000. DekaBank Deutsche Girozentrale increased its holdings in shares of Celanese by 2.6% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 17,628 shares of the basic materials company's stock valued at $2,417,000 after purchasing an additional 451 shares in the last quarter. Federated Hermes Inc. increased its holdings in Celanese by 255.9% during the 2nd quarter. Federated Hermes Inc. now owns 1,260 shares of the basic materials company's stock valued at $170,000 after acquiring an additional 906 shares in the last quarter. Oppenheimer Asset Management Inc. increased its holdings in Celanese by 16.0% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 9,100 shares of the basic materials company's stock valued at $1,227,000 after acquiring an additional 1,256 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in Celanese by 14.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,161,298 shares of the basic materials company's stock valued at $156,663,000 after acquiring an additional 150,201 shares in the last quarter. 98.87% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

CE has been the subject of several recent research reports. Royal Bank of Canada dropped their target price on shares of Celanese from $122.00 to $88.00 and set an "outperform" rating for the company in a report on Thursday, December 19th. BMO Capital Markets downgraded shares of Celanese from a "market perform" rating to an "underperform" rating and dropped their target price for the company from $138.00 to $76.00 in a report on Monday, November 11th. Wells Fargo & Company cut shares of Celanese from an "overweight" rating to an "equal weight" rating and decreased their price target for the stock from $165.00 to $115.00 in a research note on Tuesday, November 5th. Piper Sandler decreased their price target on shares of Celanese from $98.00 to $77.00 and set an "underweight" rating on the stock in a research note on Tuesday, January 7th. Finally, Mizuho decreased their price target on shares of Celanese from $120.00 to $86.00 and set a "neutral" rating on the stock in a research note on Thursday, December 5th. Four research analysts have rated the stock with a sell rating, ten have given a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $106.00.

Celanese Stock Up 0.1 %

CE traded up $0.07 during trading hours on Wednesday, reaching $71.07. 2,028,546 shares of the stock traded hands, compared to its average volume of 2,176,842. Celanese Co. has a fifty-two week low of $64.05 and a fifty-two week high of $172.16. The company has a market cap of $7.77 billion, a price-to-earnings ratio of 7.15, a PEG ratio of 0.72 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 firm's fifty day simple moving average is $71.49 and its two-hundred day simple moving average is $110.14.

Celanese (NYSE:CE - Get Free Report) last announced its earnings results on Monday, November 4th. The basic materials company reported $2.44 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.85 by ($0.41). Celanese had a return on equity of 13.17% and a net margin of 10.40%. The business 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 firm posted $2.50 earnings per share. The firm's revenue was down 2.8% compared to the same quarter last year. As a group, analysts forecast that Celanese Co. will post 8.38 earnings per share for the current fiscal year.

Celanese Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 13th. Stockholders of record on Wednesday, October 30th were given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.94%. The ex-dividend date was Wednesday, October 30th. Celanese's payout ratio is 28.17%.

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.