Sumitomo Life Insurance Co. decreased its position in Celanese Co. (NYSE:CE) by 4.3% in the 4th quarter, Holdings Channel reports. The firm owned 11,457 shares of the basic materials company’s stock after selling 516 shares during the period. Sumitomo Life Insurance Co.’s holdings in Celanese were worth $1,227,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Toronto Dominion Bank grew its position in Celanese by 8.4% in the 2nd quarter. Toronto Dominion Bank now owns 1,731 shares of the basic materials company’s stock worth $164,000 after purchasing an additional 134 shares during the last quarter. First Allied Advisory Services Inc. boosted its holdings in shares of Celanese by 10.9% in the second quarter. First Allied Advisory Services Inc. now owns 3,245 shares of the basic materials company’s stock valued at $309,000 after acquiring an additional 319 shares in the last quarter. GSA Capital Partners LLP boosted its holdings in shares of Celanese by 6.4% in the third quarter. GSA Capital Partners LLP now owns 8,449 shares of the basic materials company’s stock valued at $881,000 after acquiring an additional 505 shares in the last quarter. Oppenheimer Asset Management Inc. boosted its holdings in shares of Celanese by 20.2% in the third quarter. Oppenheimer Asset Management Inc. now owns 3,014 shares of the basic materials company’s stock valued at $314,000 after acquiring an additional 506 shares in the last quarter. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its holdings in shares of Celanese by 1.4% in the third quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 42,829 shares of the basic materials company’s stock valued at $4,466,000 after acquiring an additional 573 shares in the last quarter. Hedge funds and other institutional investors own 96.09% of the company’s stock.

Shares of Celanese Co. (NYSE:CE) opened at $105.09 on Friday. Celanese Co. has a one year low of $83.34 and a one year high of $114.00. The company has a market cap of $14,250.00, a P/E ratio of 16.98, a P/E/G ratio of 1.38 and a beta of 1.27. The company has a current ratio of 1.69, a quick ratio of 1.16 and a debt-to-equity ratio of 0.94.

Celanese (NYSE:CE) last released its earnings results on Thursday, January 25th. The basic materials company reported $1.98 EPS for the quarter, beating the consensus estimate of $1.86 by $0.12. Celanese had a net margin of 13.73% and a return on equity of 33.49%. The business had revenue of $1.59 billion during the quarter, compared to analyst estimates of $1.49 billion. During the same period in the prior year, the business earned $1.52 earnings per share. The business’s quarterly revenue was up 21.5% on a year-over-year basis. equities analysts predict that Celanese Co. will post 8.52 EPS for the current year.

Several research analysts have recently issued reports on the stock. UBS Group increased their price objective on shares of Celanese from $107.00 to $113.00 and gave the company a “neutral” rating in a report on Friday, January 26th. SunTrust Banks reiterated a “buy” rating on shares of Celanese in a report on Wednesday, January 17th. Zacks Investment Research cut shares of Celanese from a “buy” rating to a “hold” rating in a report on Friday, December 15th. Tudor Pickering assumed coverage on shares of Celanese in a report on Tuesday, November 14th. They issued a “buy” rating for the company. Finally, Royal Bank of Canada increased their price objective on shares of Celanese from $109.00 to $115.00 and gave the company an “outperform” rating in a report on Wednesday, October 18th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, thirteen have issued a buy rating and two have issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $113.28.

In related news, CFO Christopher W. Jensen sold 3,000 shares of the stock in a transaction that occurred on Thursday, January 11th. The shares were sold at an average price of $110.00, for a total transaction of $330,000.00. Following the completion of the sale, the chief financial officer now directly owns 52,924 shares of the company’s stock, valued at $5,821,640. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.42% of the stock is owned by corporate insiders.

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About Celanese

Celanese Corporation (Celanese) is a technology and specialty materials company. The Company’s segments include Advanced Engineered Materials, Consumer Specialties, Industrial Specialties, Acetyl Intermediates and Other Activities. The Advanced Engineered Materials segment includes the Company’s engineered materials business and certain affiliates.

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Institutional Ownership by Quarter for Celanese (NYSE:CE)

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