Jones Financial Companies Lllp Buys 1,211 Shares of Celanese Co. (NYSE:CE)

Jones Financial Companies Lllp grew its stake in shares of Celanese Co. (NYSE:CE) by 123.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,194 shares of the basic materials company’s stock after buying an additional 1,211 shares during the period. Jones Financial Companies Lllp’s holdings in Celanese were worth $152,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Norden Group LLC raised its position in shares of Celanese by 102.8% during the fourth quarter. Norden Group LLC now owns 3,397 shares of the basic materials company’s stock valued at $235,000 after buying an additional 1,722 shares during the last quarter. Connable Office Inc. bought a new stake in shares of Celanese during the fourth quarter valued at approximately $213,000. Proficio Capital Partners LLC bought a new stake in shares of Celanese during the fourth quarter valued at approximately $3,118,000. Illinois Municipal Retirement Fund raised its position in shares of Celanese by 51.5% during the fourth quarter. Illinois Municipal Retirement Fund now owns 14,877 shares of the basic materials company’s stock valued at $1,030,000 after buying an additional 5,057 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd bought a new stake in shares of Celanese during the fourth quarter valued at approximately $540,000. Institutional investors own 98.87% of the company’s stock.

Wall Street Analysts Forecast Growth

CE has been the topic of several research reports. Morgan Stanley reduced their price target on shares of Celanese from $100.00 to $80.00 and set an “equal weight” rating on the stock in a research report on Monday, January 13th. JPMorgan Chase & Co. reduced 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. Robert W. Baird reduced their price target on shares of Celanese from $110.00 to $67.00 and set an “outperform” rating on the stock in a research report on Thursday, February 20th. Wells Fargo & Company reduced their price target on shares of Celanese from $75.00 to $55.00 and set an “equal weight” rating on the stock in a research report on Thursday, February 20th. Finally, Royal Bank of Canada cut shares of Celanese from an “outperform” rating to a “sector perform” rating and reduced their price target for the stock from $84.00 to $56.00 in a research report on Thursday, February 20th. Three analysts have rated the stock with a sell rating, ten have given a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, Celanese presently has a consensus rating of “Hold” and an average target price of $72.31.

Celanese Trading Up 7.5 %

CE stock opened at $57.10 on Friday. The company has a quick ratio of 0.76, a current ratio of 1.34 and a debt-to-equity ratio of 1.98. Celanese Co. has a twelve month low of $45.94 and a twelve month high of $172.16. The stock has a market capitalization of $6.24 billion, a price-to-earnings ratio of -4.10, a price-to-earnings-growth ratio of 1.05 and a beta of 1.23. The firm’s fifty day simple moving average is $63.81 and its two-hundred day simple moving average is $89.83.

Celanese (NYSE:CE) last posted 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 analysts’ expectations of $2.36 billion. Celanese had a negative net margin of 14.81% and a positive return on equity of 12.86%. As a group, analysts anticipate that Celanese Co. will post 8.79 earnings per share for the current year.

Celanese Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 11th. Stockholders of record on Tuesday, February 25th were paid a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.21%. 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.