Twelve Points Wealth Management LLC Increases Holdings in Celanese Co. (NYSE:CE)

Twelve Points Wealth Management LLC grew its holdings in shares of Celanese Co. (NYSE:CEFree Report) by 3.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,269 shares of the basic materials company’s stock after purchasing an additional 112 shares during the quarter. Twelve Points Wealth Management LLC’s holdings in Celanese were worth $508,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in CE. Massmutual Trust Co. FSB ADV grew its stake in shares of Celanese by 25.8% during the 4th quarter. Massmutual Trust Co. FSB ADV now owns 327 shares of the basic materials company’s stock worth $51,000 after acquiring an additional 67 shares during the period. XML Financial LLC grew its stake in shares of Celanese by 2.3% during the 3rd quarter. XML Financial LLC now owns 3,710 shares of the basic materials company’s stock worth $466,000 after acquiring an additional 85 shares during the period. Signaturefd LLC grew its stake in shares of Celanese by 3.5% during the 3rd quarter. Signaturefd LLC now owns 2,533 shares of the basic materials company’s stock worth $318,000 after acquiring an additional 85 shares during the period. Parkside Financial Bank & Trust boosted its stake in Celanese by 92.6% in the 1st quarter. Parkside Financial Bank & Trust now owns 181 shares of the basic materials company’s stock worth $25,000 after purchasing an additional 87 shares during the period. Finally, Captrust Financial Advisors boosted its stake in Celanese by 2.9% in the 4th quarter. Captrust Financial Advisors now owns 3,152 shares of the basic materials company’s stock worth $322,000 after purchasing an additional 90 shares during the period. 98.87% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. Wells Fargo & Company raised their target price on Celanese from $180.00 to $195.00 and gave the stock an “overweight” rating in a research note on Friday. Royal Bank of Canada cut their target price on Celanese from $168.00 to $165.00 and set an “outperform” rating for the company in a research note on Monday, February 26th. Piper Sandler upgraded Celanese from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $135.00 to $170.00 in a research note on Monday, February 26th. Tudor, Pickering, Holt & Co. downgraded Celanese from a “buy” rating to a “sell” rating and set a $140.00 target price for the company. in a research note on Thursday, February 22nd. Finally, Citigroup raised their target price on Celanese from $130.00 to $145.00 and gave the stock a “neutral” rating in a research note on Wednesday, December 13th. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $144.28.

Check Out Our Latest Analysis on CE

Insiders Place Their Bets

In related news, SVP Mark Christopher Murray purchased 597 shares of the firm’s stock in a transaction on Friday, March 8th. The shares were acquired at an average cost of $156.43 per share, with a total value of $93,388.71. Following the purchase, the senior vice president now directly owns 11,600 shares of the company’s stock, valued at $1,814,588. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, COO Scott A. Richardson sold 2,000 shares of Celanese stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $156.85, for a total value of $313,700.00. Following the sale, the chief operating officer now directly owns 76,429 shares in the company, valued at approximately $11,987,888.65. The sale was disclosed in a filing with the SEC, which is available through this link. Also, SVP Mark Christopher Murray acquired 597 shares of the business’s stock in a transaction dated Friday, March 8th. The stock was acquired at an average price of $156.43 per share, for a total transaction of $93,388.71. Following the completion of the transaction, the senior vice president now owns 11,600 shares in the company, valued at approximately $1,814,588. The disclosure for this purchase can be found here. Insiders own 0.33% of the company’s stock.

Celanese Stock Performance

Shares of NYSE CE opened at $165.47 on Friday. The stock has a market cap of $18.02 billion, a price-to-earnings ratio of 9.24, a P/E/G ratio of 0.67 and a beta of 1.35. The company has a current ratio of 1.53, a quick ratio of 0.95 and a debt-to-equity ratio of 1.63. Celanese Co. has a 1-year low of $97.12 and a 1-year high of $169.51. The stock’s 50-day moving average is $151.33 and its 200 day moving average is $138.63.

Celanese (NYSE:CEGet Free Report) last announced its quarterly earnings data on Tuesday, February 20th. The basic materials company reported $2.24 earnings per share for the quarter, missing analysts’ consensus estimates of $2.29 by ($0.05). The firm had revenue of $2.57 billion for the quarter, compared to analysts’ expectations of $2.59 billion. Celanese had a net margin of 17.92% and a return on equity of 14.61%. The business’s quarterly revenue was up 9.4% on a year-over-year basis. During the same period in the prior year, the business posted $1.44 earnings per share. On average, sell-side analysts anticipate that Celanese Co. will post 11.46 EPS for the current fiscal year.

Celanese Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 5th. Shareholders of record on Tuesday, February 20th were paid a $0.70 dividend. The ex-dividend date of this dividend was Friday, February 16th. This represents a $2.80 dividend on an annualized basis and a yield of 1.69%. Celanese’s dividend payout ratio (DPR) is currently 15.64%.

Celanese Company Profile

(Free Report)

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.

Recommended Stories

Institutional Ownership by Quarter for Celanese (NYSE:CE)

Receive News & Ratings for Celanese Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Celanese and related companies with MarketBeat.com's FREE daily email newsletter.