XTX Topco Ltd Has $277,000 Holdings in Celanese Corporation (NYSE:CE)

XTX Topco Ltd cut its stake in Celanese Corporation (NYSE:CE) by 52.1% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 4,883 shares of the basic materials company’s stock after selling 5,310 shares during the period. XTX Topco Ltd’s holdings in Celanese were worth $277,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Dodge & Cox boosted its stake in Celanese by 100.3% in the 4th quarter. Dodge & Cox now owns 13,618,062 shares of the basic materials company’s stock worth $942,506,000 after purchasing an additional 6,818,993 shares during the period. Turtle Creek Asset Management Inc. lifted its position in Celanese by 266.7% during the 4th quarter. Turtle Creek Asset Management Inc. now owns 3,506,440 shares of the basic materials company’s stock worth $242,681,000 after buying an additional 2,550,334 shares in the last quarter. Fuller & Thaler Asset Management Inc. lifted its position in Celanese by 4,506.7% during the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 2,344,661 shares of the basic materials company’s stock worth $162,274,000 after buying an additional 2,293,764 shares in the last quarter. Federated Hermes Inc. lifted its position in Celanese by 9,132.0% during the 1st quarter. Federated Hermes Inc. now owns 1,801,349 shares of the basic materials company’s stock worth $102,263,000 after buying an additional 1,781,837 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in Celanese by 20.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,599,615 shares of the basic materials company’s stock worth $110,704,000 after buying an additional 275,488 shares in the last quarter. 98.87% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $63.00 target price (up from $53.00) on shares of Celanese in a report on Thursday, July 3rd. Citigroup upped their target price on shares of Celanese from $52.00 to $65.00 and gave the company a “neutral” rating in a report on Thursday, July 10th. Bank of America upped their target price on shares of Celanese from $55.00 to $61.00 and gave the company a “buy” rating in a report on Friday, May 16th. Mizuho upped their target price on shares of Celanese from $50.00 to $59.00 and gave the company a “neutral” rating in a report on Tuesday, July 15th. Finally, BMO Capital Markets raised shares of Celanese from an “underperform” rating to a “market perform” rating and upped their target price for the company from $46.00 to $55.00 in a report on Tuesday, May 20th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, Celanese presently has an average rating of “Hold” and a consensus price target of $66.50.

Insider Buying and Selling

In related news, SVP Mark Christopher Murray acquired 1,479 shares of the company’s stock in a transaction that occurred on Friday, May 23rd. The stock was acquired at an average price of $52.18 per share, with a total value of $77,174.22. Following the purchase, the senior vice president directly owned 15,468 shares in the company, valued at approximately $807,120.24. This trade represents a 10.57% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.26% of the stock is currently owned by insiders.

Celanese Stock Performance

NYSE CE opened at $47.23 on Tuesday. The firm has a market capitalization of $5.17 billion, a price-to-earnings ratio of -3.10, a P/E/G ratio of 1.80 and a beta of 1.10. The company has a current ratio of 1.94, a quick ratio of 1.11 and a debt-to-equity ratio of 2.20. The firm’s 50 day simple moving average is $55.94 and its 200 day simple moving average is $54.36. Celanese Corporation has a 1 year low of $36.29 and a 1 year high of $142.54.

Celanese (NYSE:CE) last issued its quarterly earnings data on Monday, August 11th. The basic materials company reported $1.44 EPS for the quarter, beating the consensus estimate of $1.38 by $0.06. The business had revenue of $2.53 billion during the quarter, compared to the consensus estimate of $2.50 billion. Celanese had a negative net margin of 16.54% and a positive return on equity of 11.28%. The firm’s revenue was down 4.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.38 EPS. As a group, research analysts expect that Celanese Corporation will post 8.79 earnings per share for the current fiscal year.

Celanese Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 11th. Investors of record on Tuesday, July 29th were paid a $0.03 dividend. The ex-dividend date of this dividend was Tuesday, July 29th. This represents a $0.12 annualized dividend and a yield of 0.3%. Celanese’s dividend payout ratio is presently -0.79%.

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.