Celanese Co. (NYSE:CE) CFO Christopher W. Jensen sold 3,000 shares of the company’s stock in a transaction on Thursday, January 11th. The stock was sold at an average price of $110.00, for a total value of $330,000.00. Following the transaction, the chief financial officer now directly owns 52,924 shares in the company, valued at approximately $5,821,640. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Celanese Co. (CE) traded up $0.07 during mid-day trading on Friday, hitting $111.34. The stock had a trading volume of 452,611 shares, compared to its average volume of 516,044. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.16 and a current ratio of 1.69. The firm has a market cap of $15,100.00, a P/E ratio of 19.13, a P/E/G ratio of 1.46 and a beta of 1.32. Celanese Co. has a one year low of $81.01 and a one year high of $112.43.

Celanese (NYSE:CE) last posted its quarterly earnings results on Monday, October 16th. The basic materials company reported $1.93 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.92 by $0.01. The company had revenue of $1.57 billion for the quarter, compared to the consensus estimate of $1.49 billion. Celanese had a return on equity of 34.11% and a net margin of 14.81%. The firm’s quarterly revenue was up 18.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.67 EPS. analysts predict that Celanese Co. will post 7.37 EPS for the current year.

Several research analysts have issued reports on the company. Zacks Investment Research raised Celanese from a “hold” rating to a “buy” rating and set a $118.00 price objective on the stock in a report on Monday, December 18th. Tudor Pickering assumed coverage on Celanese in a report on Tuesday, November 14th. They set a “buy” rating on the stock. Cowen reaffirmed a “buy” rating on shares of Celanese in a report on Sunday, October 29th. Jefferies Group reaffirmed a “buy” rating and set a $122.00 price objective on shares of Celanese in a report on Thursday, October 19th. Finally, Citigroup cut their price target on Celanese from $122.00 to $120.00 and set a “buy” rating on the stock in a research note on Wednesday, October 18th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the stock. Celanese has an average rating of “Buy” and an average price target of $108.17.

A number of institutional investors have recently modified their holdings of CE. Northwestern Mutual Wealth Management Co. raised its stake in Celanese by 24.2% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,059 shares of the basic materials company’s stock worth $101,000 after buying an additional 206 shares during the period. First PREMIER Bank raised its stake in Celanese by 900.0% during the 4th quarter. First PREMIER Bank now owns 1,000 shares of the basic materials company’s stock worth $107,000 after buying an additional 900 shares during the period. Toronto Dominion Bank raised its stake in Celanese by 8.4% during the 2nd quarter. Toronto Dominion Bank now owns 1,731 shares of the basic materials company’s stock worth $164,000 after buying an additional 134 shares during the period. Peapack Gladstone Financial Corp acquired a new stake in Celanese during the 2nd quarter worth $212,000. Finally, Advisor Group Inc. raised its stake in Celanese by 46.9% during the 2nd quarter. Advisor Group Inc. now owns 2,241 shares of the basic materials company’s stock worth $212,000 after buying an additional 715 shares during the period. 96.01% of the stock is currently owned by institutional investors and hedge funds.

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Celanese Company Profile

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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