6,565 Shares in Celanese Co. (NYSE:CE) Purchased by Woodline Partners LP

Woodline Partners LP bought a new position in shares of Celanese Co. (NYSE:CE - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 6,565 shares of the basic materials company's stock, valued at approximately $454,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Sanctuary Advisors LLC grew its position in Celanese by 5.1% during the 4th quarter. Sanctuary Advisors LLC now owns 7,213 shares of the basic materials company's stock worth $521,000 after purchasing an additional 351 shares in the last quarter. Twelve Points Wealth Management LLC grew its position in Celanese by 157.8% during the 4th quarter. Twelve Points Wealth Management LLC now owns 10,124 shares of the basic materials company's stock worth $701,000 after purchasing an additional 6,197 shares in the last quarter. New England Research & Management Inc. purchased a new position in Celanese during the 4th quarter worth approximately $768,000. Sei Investments Co. grew its position in Celanese by 91.8% during the 4th quarter. Sei Investments Co. now owns 126,660 shares of the basic materials company's stock worth $8,766,000 after purchasing an additional 60,621 shares in the last quarter. Finally, Barclays PLC grew its position in Celanese by 14.0% during the 3rd quarter. Barclays PLC now owns 281,709 shares of the basic materials company's stock worth $38,300,000 after purchasing an additional 34,658 shares in the last quarter. Institutional investors own 98.87% of the company's stock.

Insider Activity

In other Celanese news, SVP Mark Christopher Murray purchased 1,479 shares of the company's stock in a transaction that occurred on Friday, May 23rd. The stock was purchased at an average price of $52.18 per share, with a total value of $77,174.22. Following the completion of the transaction, the senior vice president now directly owns 15,468 shares of the company's stock, valued at approximately $807,120.24. This trade represents a 10.57% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.33% of the stock is owned by company insiders.

Celanese Stock Performance

Celanese stock traded down $1.65 on Friday, reaching $52.86. 1,742,869 shares of the stock were exchanged, compared to its average volume of 2,219,072. The stock has a market cap of $5.78 billion, a PE ratio of -3.79, a PEG ratio of 1.05 and a beta of 1.09. The company has a current ratio of 1.34, a quick ratio of 0.76 and a debt-to-equity ratio of 1.98. Celanese Co. has a twelve month low of $36.29 and a twelve month high of $152.50. The firm has a fifty day moving average price of $47.69 and a two-hundred day moving average price of $59.53.

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

Celanese Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, May 12th. Stockholders of record on Monday, April 28th were given a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.23%. The ex-dividend date was Monday, April 28th. Celanese's dividend payout ratio is currently -0.79%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the stock. Mizuho set a $45.00 price objective on shares of Celanese in a research report on Tuesday, April 15th. Piper Sandler reaffirmed an "underweight" rating and issued a $48.00 price target (down from $50.00) on shares of Celanese in a research note on Monday, April 7th. JPMorgan Chase & Co. dropped their price target on shares of Celanese from $92.00 to $54.00 and set a "neutral" rating on the stock in a research note on Thursday, February 20th. Wells Fargo & Company upped their price target on shares of Celanese from $40.00 to $45.00 and gave the stock an "equal weight" rating in a research note on Wednesday, May 7th. Finally, Robert W. Baird dropped their price target on shares of Celanese from $110.00 to $67.00 and set an "outperform" rating on the stock in a research note on Thursday, February 20th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and five have given a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Hold" and an average target price of $61.94.

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.