British Columbia Investment Management Corp raised its position in shares of Celanese Corp. (NYSE:CE) by 37.0% during the third quarter, according to its most recent 13F filing with the SEC. The fund owned 119,517 shares of the company’s stock after buying an additional 32,272 shares during the period. British Columbia Investment Management Corp’s holdings in Celanese Corp. were worth $7,955,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Metropolitan Life Insurance Co. NY boosted its stake in Celanese Corp. by 0.3% in the second quarter. Metropolitan Life Insurance Co. NY now owns 4,978 shares of the company’s stock worth $326,000 after buying an additional 13 shares in the last quarter. Checchi Capital Advisers LLC boosted its stake in Celanese Corp. by 0.7% in the second quarter. Checchi Capital Advisers LLC now owns 2,630 shares of the company’s stock worth $172,000 after buying an additional 17 shares in the last quarter. Synovus Financial Corp boosted its stake in Celanese Corp. by 1.3% in the second quarter. Synovus Financial Corp now owns 4,015 shares of the company’s stock worth $263,000 after buying an additional 51 shares in the last quarter. Eqis Capital Management Inc. boosted its stake in Celanese Corp. by 1.5% in the third quarter. Eqis Capital Management Inc. now owns 6,727 shares of the company’s stock worth $448,000 after buying an additional 101 shares in the last quarter. Finally, ProShare Advisors LLC boosted its stake in Celanese Corp. by 1.4% in the second quarter. ProShare Advisors LLC now owns 12,213 shares of the company’s stock worth $799,000 after buying an additional 165 shares in the last quarter. Institutional investors own 96.48% of the company’s stock.

Institutional Ownership by Quarter for Celanese Corp. (NYSE:CE)

Shares of Celanese Corp. (NYSE:CE) traded up 3.467% on Wednesday, hitting $79.835. The company had a trading volume of 778,276 shares. Celanese Corp. has a 12 month low of $55.07 and a 12 month high of $80.07. The company has a 50-day moving average of $72.72 and a 200 day moving average of $68.26. The stock has a market cap of $11.43 billion, a PE ratio of 26.532 and a beta of 1.22.

Celanese Corp. (NYSE:CE) last posted its earnings results on Monday, October 17th. The company reported $1.67 EPS for the quarter, topping the consensus estimate of $1.61 by $0.06. Celanese Corp. had a net margin of 8.17% and a return on equity of 30.69%. The firm earned $1.32 billion during the quarter, compared to analysts’ expectations of $1.63 billion. During the same quarter in the prior year, the firm earned $1.50 EPS. Celanese Corp.’s quarterly revenue was down 6.4% on a year-over-year basis. Analysts anticipate that Celanese Corp. will post $6.60 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Thursday, November 10th. Shareholders of record on Monday, October 31st were given a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 1.87%. The ex-dividend date was Thursday, October 27th. Celanese Corp.’s dividend payout ratio (DPR) is 47.84%.

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A number of research firms have weighed in on CE. Goldman Sachs Group Inc. upgraded Celanese Corp. from a “neutral” rating to a “buy” rating and raised their price target for the company from $83.00 to $92.00 in a research note on Wednesday. Jefferies Group reaffirmed a “buy” rating on shares of Celanese Corp. in a report on Thursday, August 4th. Citigroup Inc. lowered Celanese Corp. from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $77.00 to $71.00 in a report on Wednesday, September 7th. Zacks Investment Research raised Celanese Corp. from a “hold” rating to a “buy” rating and set a $79.00 price objective on the stock in a report on Friday, October 21st. Finally, Deutsche Bank AG reaffirmed a “buy” rating and set a $75.00 price objective (down previously from $78.00) on shares of Celanese Corp. in a report on Tuesday, October 18th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the stock. Celanese Corp. currently has a consensus rating of “Buy” and an average price target of $75.43.

In other news, SVP Gjon N. Nivica, Jr. sold 25,000 shares of the stock in a transaction that occurred on Wednesday, October 26th. The shares were sold at an average price of $71.36, for a total value of $1,784,000.00. Following the completion of the transaction, the senior vice president now directly owns 51,124 shares in the company, valued at $3,648,208.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Lori A. Johnston sold 83,829 shares of the stock in a transaction that occurred on Tuesday, November 8th. The shares were sold at an average price of $72.30, for a total transaction of $6,060,836.70. Following the completion of the transaction, the chief accounting officer now owns 109,645 shares of the company’s stock, valued at $7,927,333.50. The disclosure for this sale can be found here. 0.49% of the stock is currently owned by company insiders.

Celanese Corp. Company Profile

Celanese Corporation (Celanese) is a technology and specialty materials company. The Company operates through four segments: Advanced Engineered Materials, Consumer Specialties, Industrial Specialties and Acetyl Intermediates. Its business involves processing chemical raw materials, such as methanol, carbon monoxide, ethylene and natural products, including wood pulp, into chemicals, thermoplastic polymers and other chemical-based products.

5 Day Chart for NYSE:CE

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