105,956 Shares in Celanese Co. (NYSE:CE) Acquired by ExodusPoint Capital Management LP

ExodusPoint Capital Management LP acquired a new position in shares of Celanese Co. (NYSE:CE) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 105,956 shares of the basic materials company’s stock, valued at approximately $7,333,000. ExodusPoint Capital Management LP owned about 0.10% of Celanese at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. UMB Bank n.a. boosted its holdings in shares of Celanese by 103.7% in the fourth quarter. UMB Bank n.a. now owns 381 shares of the basic materials company’s stock valued at $26,000 after acquiring an additional 194 shares in the last quarter. CKW Financial Group boosted its stake in Celanese by 52.9% during 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. CENTRAL TRUST Co raised its stake in shares of Celanese by 43.2% in the 4th quarter. CENTRAL TRUST Co now owns 670 shares of the basic materials company’s stock worth $46,000 after buying an additional 202 shares in the last quarter. EverSource Wealth Advisors LLC lifted its holdings in shares of Celanese by 200.8% in the fourth quarter. EverSource Wealth Advisors LLC now owns 746 shares of the basic materials company’s stock valued at $52,000 after buying an additional 498 shares during the period. Finally, Brooklyn Investment Group lifted its holdings in shares of Celanese by 51.1% in the fourth quarter. Brooklyn Investment Group now owns 1,129 shares of the basic materials company’s stock valued at $78,000 after buying an additional 382 shares during the period. 98.87% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have commented on CE shares. 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 report on Thursday, February 20th. Alembic Global Advisors upgraded shares of Celanese from a “neutral” rating to an “overweight” rating and set a $70.00 target price for the company in a report on Monday, March 17th. Royal Bank of Canada lowered shares of Celanese from an “outperform” rating to a “sector perform” rating and decreased their price target for the stock from $84.00 to $56.00 in a research report on Thursday, February 20th. Bank of America cut their price objective on Celanese from $88.00 to $72.00 and set a “buy” rating for the company in a research report on Monday, February 24th. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on Celanese from $70.00 to $75.00 and gave the stock a “buy” rating in a research report on Thursday, March 27th. Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $65.61.

Celanese Trading Down 13.5 %

Celanese stock opened at $40.83 on Friday. Celanese Co. has a one year low of $39.62 and a one year high of $169.50. The company’s fifty day moving average price is $59.42 and its two-hundred day moving average price is $82.15. The company has a debt-to-equity ratio of 1.98, a current ratio of 1.34 and a quick ratio of 0.76. The company has a market capitalization of $4.46 billion, a price-to-earnings ratio of -2.93, a PEG ratio of 1.05 and a beta of 1.23.

Celanese (NYSE:CE) last issued its quarterly earnings data on Tuesday, February 18th. The basic materials company reported $1.45 earnings per share for the quarter, beating analysts’ consensus estimates of $1.25 by $0.20. The business had revenue of $2.37 billion for the quarter, compared to the consensus estimate of $2.36 billion. Celanese had a positive return on equity of 12.86% and a negative net margin of 14.81%. On average, analysts forecast that Celanese Co. will post 8.79 earnings per share for the current fiscal year.

Celanese Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 11th. Investors of record on Tuesday, February 25th were issued a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 0.29%. The ex-dividend date was Tuesday, February 25th. Celanese’s dividend payout ratio is currently -0.86%.

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.