Oxford Asset Management LLP Takes Position in Celanese Co. (NYSE:CE)

Oxford Asset Management LLP purchased a new position in shares of Celanese Co. (NYSE:CE - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 9,026 shares of the basic materials company's stock, valued at approximately $625,000.

Several other large investors also recently bought and sold shares of the stock. Boothbay Fund Management LLC purchased a new stake in Celanese during the 4th quarter worth about $261,000. Coldstream Capital Management Inc. boosted its position in shares of Celanese by 91.1% during the 4th quarter. Coldstream Capital Management Inc. now owns 5,090 shares of the basic materials company's stock worth $352,000 after acquiring an additional 2,426 shares in the last quarter. Adage Capital Partners GP L.L.C. boosted its position in shares of Celanese by 38.0% during the 4th quarter. Adage Capital Partners GP L.L.C. now owns 142,100 shares of the basic materials company's stock worth $9,835,000 after acquiring an additional 39,100 shares in the last quarter. Symmetry Investments LP acquired a new stake in shares of Celanese in the 4th quarter valued at about $281,000. Finally, Fuller & Thaler Asset Management Inc. boosted its position in shares of Celanese by 4,506.7% in the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 2,344,661 shares of the basic materials company's stock valued at $162,274,000 after purchasing an additional 2,293,764 shares during the period. Hedge funds and other institutional investors own 98.87% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Mizuho set a $45.00 target price on Celanese in a research report on Tuesday, April 15th. Barclays decreased their target price on Celanese from $75.00 to $59.00 and set an "equal weight" rating for the company in a research report on Monday, February 24th. JPMorgan Chase & Co. decreased their target price on Celanese from $92.00 to $54.00 and set a "neutral" rating for the company in a research report on Thursday, February 20th. Morgan Stanley decreased their target price on Celanese from $100.00 to $80.00 and set an "equal weight" rating for the company in a research report on Monday, January 13th. Finally, Piper Sandler reaffirmed an "underweight" rating and set a $48.00 price objective (down from $50.00) on shares of Celanese in a research report on Monday, April 7th. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $61.33.

Celanese Price Performance

Shares of Celanese stock traded up $0.12 on Thursday, hitting $44.63. The company's stock had a trading volume of 1,068,523 shares, compared to its average volume of 2,054,939. Celanese Co. has a 52-week low of $36.29 and a 52-week high of $169.50. The company has a quick ratio of 0.76, a current ratio of 1.34 and a debt-to-equity ratio of 1.98. The firm has a fifty day moving average price of $48.95 and a 200-day moving average price of $69.81. The company has a market capitalization of $4.88 billion, a P/E ratio of -3.21, a price-to-earnings-growth ratio of 1.05 and a beta of 1.08.

Celanese (NYSE:CE - Get Free Report) last released its quarterly earnings data 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 negative net margin of 14.81% and a positive return on equity of 12.86%. The business had revenue of $2.37 billion for the quarter, compared to analyst estimates of $2.36 billion. On average, equities research analysts expect that Celanese Co. will post 8.79 earnings per share for the current fiscal year.

Celanese Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, May 12th. Investors of record on Monday, April 28th will be paid a $0.03 dividend. This represents a $0.12 annualized dividend and a yield of 0.27%. The ex-dividend date of this dividend is Monday, April 28th. Celanese's payout ratio is -0.86%.

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.