Global X MANAGEMENT CO LLC reduced its position in shares of Celanese Corporation (NYSE:CE) by 7.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 12,057 shares of the basic materials company’s stock after selling 964 shares during the quarter. Global X MANAGEMENT CO LLC’s holdings in Celanese Corporation were worth $1,257,000 at the end of the most recent quarter.
A number of other large investors have also recently made changes to their positions in CE. New York State Teachers Retirement System acquired a new stake in Celanese Corporation during the 1st quarter valued at $1,087,000. Atria Investments LLC raised its stake in Celanese Corporation by 0.8% during the 2nd quarter. Atria Investments LLC now owns 2,381 shares of the basic materials company’s stock valued at $226,000 after purchasing an additional 19 shares during the period. NN Investment Partners Holdings N.V. raised its stake in Celanese Corporation by 425.1% during the 2nd quarter. NN Investment Partners Holdings N.V. now owns 23,788 shares of the basic materials company’s stock valued at $2,259,000 after purchasing an additional 19,258 shares during the period. National Pension Service raised its stake in Celanese Corporation by 9.9% during the 2nd quarter. National Pension Service now owns 146,448 shares of the basic materials company’s stock valued at $13,706,000 after purchasing an additional 13,203 shares during the period. Finally, Mn Services Vermogensbeheer B.V. increased its stake in shares of Celanese Corporation by 500.7% in the second quarter. Mn Services Vermogensbeheer B.V. now owns 22,940 shares of the basic materials company’s stock worth $2,178,000 after acquiring an additional 19,121 shares during the last quarter. 97.90% of the stock is currently owned by institutional investors.
In other Celanese Corporation news, CFO Christopher W. Jensen sold 1,000 shares of the company’s stock in a transaction dated Monday, October 30th. The shares were sold at an average price of $104.68, for a total transaction of $104,680.00. Following the completion of the sale, the chief financial officer now directly owns 60,086 shares in the company, valued at $6,289,802.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director John K. Wulff sold 2,500 shares of the company’s stock in a transaction dated Tuesday, October 24th. The shares were sold at an average price of $105.88, for a total transaction of $264,700.00. Following the sale, the director now owns 30,175 shares of the company’s stock, valued at $3,194,929. The disclosure for this sale can be found here. 0.42% of the stock is owned by corporate insiders.
A number of equities analysts have recently weighed in on the stock. ValuEngine raised shares of Celanese Corporation from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 1st. Tudor Pickering assumed coverage on shares of Celanese Corporation in a research note on Tuesday. They issued a “buy” rating on the stock. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $109.00 price target on shares of Celanese Corporation in a research note on Wednesday, September 6th. BidaskClub downgraded shares of Celanese Corporation from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 24th. Finally, Nomura upped their price target on shares of Celanese Corporation from $95.00 to $97.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 19th. One analyst has rated the stock with a sell rating, five have given a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $107.74.
Celanese Corporation (NYSE CE) traded down $0.91 during mid-day trading on Wednesday, reaching $104.89. 548,000 shares of the company’s stock were exchanged, compared to its average volume of 892,279. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.69 and a quick ratio of 1.16. Celanese Corporation has a one year low of $75.79 and a one year high of $109.11. The company has a market capitalization of $14,350.29, a PE ratio of 15.01, a price-to-earnings-growth ratio of 1.60 and a beta of 1.31.
Celanese Corporation (NYSE:CE) last released its quarterly earnings results on Monday, October 16th. The basic materials company reported $1.93 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.92 by $0.01. Celanese Corporation had a net margin of 13.66% and a return on equity of 31.98%. The company had revenue of $1.57 billion during the quarter, compared to analysts’ expectations of $1.49 billion. During the same period in the prior year, the company earned $1.67 earnings per share. The business’s quarterly revenue was up 18.4% compared to the same quarter last year. equities analysts forecast that Celanese Corporation will post 7.37 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Thursday, November 9th. Shareholders of record on Monday, October 30th were issued a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a yield of 1.75%. The ex-dividend date of this dividend was Friday, October 27th. Celanese Corporation’s dividend payout ratio (DPR) is 32.11%.
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Celanese Corporation Company Profile
Celanese Corporation (Celanese) is a technology and specialty materials company. The Company’s segments include Advanced Engineered Materials, Consumer Specialties, Industrial Specialties, Acetyl Intermediates and Other Activities. The Advanced Engineered Materials segment includes the Company’s engineered materials business and certain affiliates.
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