7,740 Shares in Celanese Co. (NYSE:CE) Bought by White Knight Strategic Wealth Advisors LLC

White Knight Strategic Wealth Advisors LLC purchased a new position in Celanese Co. (NYSE:CE - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 7,740 shares of the basic materials company's stock, valued at approximately $536,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Altshuler Shaham Ltd acquired a new stake in Celanese in the 4th quarter worth about $25,000. UMB Bank n.a. lifted its stake in shares of Celanese by 103.7% in the 4th quarter. UMB Bank n.a. now owns 381 shares of the basic materials company's stock valued at $26,000 after purchasing an additional 194 shares in the last quarter. State of Wyoming lifted its stake in shares of Celanese by 122.5% in the 4th quarter. State of Wyoming now owns 485 shares of the basic materials company's stock valued at $34,000 after purchasing an additional 267 shares in the last quarter. CKW Financial Group lifted its stake in shares of Celanese by 52.9% in the 4th quarter. CKW Financial Group now owns 535 shares of the basic materials company's stock valued at $37,000 after purchasing an additional 185 shares in the last quarter. Finally, LRI Investments LLC lifted its stake in shares of Celanese by 739.1% in the 4th quarter. LRI Investments LLC now owns 537 shares of the basic materials company's stock valued at $37,000 after purchasing an additional 473 shares in the last quarter. 98.87% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have recently weighed in on CE shares. BMO Capital Markets raised Celanese from an "underperform" rating to a "market perform" rating and lifted their price objective for the company from $46.00 to $55.00 in a research note on Tuesday. Wall Street Zen raised Celanese from a "sell" rating to a "hold" rating in a research note on Wednesday, May 14th. Alembic Global Advisors raised Celanese from a "neutral" rating to an "overweight" rating and set a $70.00 price objective on the stock in a research note on Monday, March 17th. Barclays lifted their price objective on Celanese from $59.00 to $62.00 and gave the company an "equal weight" rating in a research note on Wednesday, May 14th. Finally, Citigroup reduced their price objective on Celanese from $58.00 to $52.00 and set a "neutral" rating on the stock in a research note on Friday, April 4th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $61.94.

Celanese Stock Down 2.0%

Shares of CE traded down $1.10 during trading on Friday, reaching $52.46. The company's stock had a trading volume of 1,409,368 shares, compared to its average volume of 2,191,843. The company has a fifty day moving average of $48.11 and a two-hundred day moving average of $60.78. Celanese Co. has a twelve month low of $36.29 and a twelve month high of $153.71. The company has a market cap of $5.74 billion, a price-to-earnings ratio of -3.77, a P/E/G ratio of 1.05 and a beta of 1.09. The company has a quick ratio of 0.76, a current ratio of 1.34 and a debt-to-equity ratio of 1.98.

Celanese (NYSE:CE - Get Free Report) last announced its earnings results on Monday, May 5th. The basic materials company reported $0.57 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.37 by $0.20. Celanese had a positive return on equity of 12.86% and a negative net margin of 14.81%. The company had revenue of $2.39 billion for the quarter, compared to analyst estimates of $2.26 billion. During the same period in the prior year, the company posted $2.08 EPS. Celanese's quarterly revenue was down 8.5% on a year-over-year basis. On average, sell-side analysts predict that Celanese Co. will post 8.79 EPS for the current fiscal year.

Celanese Announces Dividend

The firm also recently announced 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 dividend on an annualized basis and a dividend yield of 0.23%. The ex-dividend date of this dividend was Monday, April 28th. Celanese's payout ratio is -0.79%.

About Celanese

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.