5,161 Shares in Celanese Corporation (NYSE:CE) Purchased by TrueMark Investments LLC

TrueMark Investments LLC acquired a new position in shares of Celanese Corporation (NYSE:CE - Free Report) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 5,161 shares of the basic materials company's stock, valued at approximately $293,000.

A number of other large investors have also recently bought and sold shares of CE. Dodge & Cox grew its holdings in Celanese by 100.3% during the 4th quarter. Dodge & Cox now owns 13,618,062 shares of the basic materials company's stock worth $942,506,000 after acquiring an additional 6,818,993 shares during the last quarter. Norges Bank bought a new stake in Celanese during the 4th quarter worth approximately $222,815,000. Turtle Creek Asset Management Inc. grew its holdings in Celanese by 266.7% during the 4th quarter. Turtle Creek Asset Management Inc. now owns 3,506,440 shares of the basic materials company's stock worth $242,681,000 after acquiring an additional 2,550,334 shares during the last quarter. Fuller & Thaler Asset Management Inc. grew its holdings in Celanese by 4,506.7% during the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 2,344,661 shares of the basic materials company's stock worth $162,274,000 after acquiring an additional 2,293,764 shares during the last quarter. Finally, Invesco Ltd. grew its holdings in Celanese by 105.0% during the 4th quarter. Invesco Ltd. now owns 3,969,284 shares of the basic materials company's stock worth $274,714,000 after acquiring an additional 2,033,025 shares during the last quarter. 98.87% of the stock is currently owned by institutional investors and hedge funds.

Celanese Price Performance

NYSE CE traded down $0.39 during trading hours on Wednesday, reaching $55.63. The company's stock had a trading volume of 852,317 shares, compared to its average volume of 2,259,936. The firm's 50-day moving average price is $51.11 and its 200-day moving average price is $57.53. The company has a quick ratio of 1.11, a current ratio of 1.94 and a debt-to-equity ratio of 2.20. Celanese Corporation has a 1 year low of $36.29 and a 1 year high of $147.86. The company has a market capitalization of $6.09 billion, a price-to-earnings ratio of -3.66, a PEG ratio of 2.14 and a beta of 1.13.

Celanese (NYSE:CE - Get Free Report) last issued its quarterly earnings data on Monday, May 5th. The basic materials company reported $0.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.37 by $0.20. Celanese had a positive return on equity of 11.28% and a negative net margin of 16.54%. The business had revenue of $2.39 billion for the quarter, compared to analysts' expectations of $2.26 billion. During the same period in the prior year, the firm earned $2.08 EPS. The company's revenue for the quarter was down 8.5% on a year-over-year basis. On average, equities research analysts predict that Celanese Corporation will post 8.79 EPS for the current fiscal year.

Celanese Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, May 12th. Shareholders of record on Monday, April 28th were given a $0.03 dividend. This represents a $0.12 annualized dividend and a yield of 0.22%. The ex-dividend date was Monday, April 28th. Celanese's dividend payout ratio (DPR) is presently -0.79%.

Insider Buying and Selling at Celanese

In other news, SVP Mark Christopher Murray purchased 1,479 shares of the company's stock in a transaction dated Friday, May 23rd. The shares were acquired at an average price of $52.18 per share, with a total value of $77,174.22. Following the transaction, the senior vice president now owns 15,468 shares of the company's stock, valued at $807,120.24. This represents a 10.57% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.33% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

CE has been the subject of a number of analyst reports. Alembic Global Advisors raised shares of Celanese from a "neutral" rating to an "overweight" rating and set a $70.00 target price for the company in a research note on Monday, March 17th. Mizuho set a $45.00 price target on shares of Celanese in a report on Tuesday, April 15th. Wells Fargo & Company upgraded shares of Celanese from an "equal weight" rating to an "overweight" rating and upped their price objective for the company from $45.00 to $66.00 in a report on Monday, June 16th. KeyCorp upped their price objective on shares of Celanese from $71.00 to $76.00 and gave the company an "overweight" rating in a report on Wednesday, May 7th. Finally, BMO Capital Markets upgraded shares of Celanese from an "underperform" rating to a "market perform" rating and upped their price objective for the stock from $46.00 to $55.00 in a report on Tuesday, May 20th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $63.11.

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.