Celanese Corporation $CE Shares Sold by KBC Group NV

KBC Group NV reduced its position in shares of Celanese Corporation (NYSE:CE) by 98.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,772 shares of the basic materials company’s stock after selling 267,977 shares during the period. KBC Group NV’s holdings in Celanese were worth $209,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in CE. Price T Rowe Associates Inc. MD grew its stake in shares of Celanese by 134.4% in the first quarter. Price T Rowe Associates Inc. MD now owns 3,566,226 shares of the basic materials company’s stock worth $202,455,000 after acquiring an additional 2,044,662 shares in the last quarter. Federated Hermes Inc. raised its position in shares of 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 acquiring an additional 1,781,837 shares in the last quarter. Dodge & Cox lifted its position in shares of Celanese by 13.0% during the 1st quarter. Dodge & Cox now owns 15,391,416 shares of the basic materials company’s stock worth $873,771,000 after buying an additional 1,773,354 shares during the last quarter. Fuller & Thaler Asset Management Inc. lifted its position in Celanese by 35.0% in the first quarter. Fuller & Thaler Asset Management Inc. now owns 3,164,150 shares of the basic materials company’s stock valued at $179,629,000 after acquiring an additional 819,489 shares during the last quarter. Finally, Samlyn Capital LLC boosted its position in shares of Celanese by 379.1% in the 1st quarter. Samlyn Capital LLC now owns 1,015,938 shares of the basic materials company’s stock valued at $57,675,000 after purchasing an additional 803,868 shares during the period. Hedge funds and other institutional investors own 98.87% of the company’s stock.

Insider Buying and Selling at Celanese

In related news, Director Timothy Go bought 1,039 shares of the stock in a transaction dated Monday, September 8th. The stock was acquired at an average price of $46.25 per share, for a total transaction of $48,053.75. Following the completion of the purchase, the director owned 4,415 shares in the company, valued at $204,193.75. This represents a 30.78% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.33% of the stock is owned by insiders.

Celanese Stock Performance

NYSE:CE opened at $36.30 on Wednesday. The company has a quick ratio of 1.22, a current ratio of 2.05 and a debt-to-equity ratio of 2.22. The company has a market cap of $3.97 billion, a P/E ratio of -2.45, a P/E/G ratio of 1.86 and a beta of 1.17. The firm’s 50 day moving average is $41.43 and its two-hundred day moving average is $48.75. Celanese Corporation has a fifty-two week low of $35.13 and a fifty-two week high of $77.43.

Celanese (NYSE:CE) last posted its quarterly earnings results on Thursday, November 6th. The basic materials company reported $1.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.27 by $0.07. Celanese had a positive return on equity of 10.48% and a negative net margin of 16.30%.The firm had revenue of $2.42 billion during the quarter, compared to the consensus estimate of $2.51 billion. During the same quarter in the previous year, the business earned $2.44 earnings per share. The firm’s quarterly revenue was down 8.6% compared to the same quarter last year. Celanese has set its Q4 2025 guidance at 0.850-1.000 EPS. Analysts expect that Celanese Corporation will post 8.79 EPS for the current year.

Celanese Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 12th. Investors of record on Tuesday, October 28th were issued a dividend of $0.03 per share. The ex-dividend date was Tuesday, October 28th. This represents a $0.12 annualized dividend and a dividend yield of 0.3%. Celanese’s payout ratio is presently -0.42%.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Robert W. Baird decreased their price target on shares of Celanese from $67.00 to $50.00 and set an “outperform” rating for the company in a research note on Wednesday, August 13th. Tudor Pickering upgraded Celanese from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 11th. Citigroup upped their target price on shares of Celanese from $53.00 to $60.00 and gave the stock a “buy” rating in a research report on Tuesday, November 11th. Jefferies Financial Group lowered their target price on Celanese from $47.00 to $43.00 and set a “hold” rating on the stock in a report on Monday, September 8th. Finally, BMO Capital Markets dropped their price objective on shares of Celanese from $55.00 to $47.00 and set a “market perform” rating for the company in a research note on Thursday, August 14th. Seven investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, Celanese presently has a consensus rating of “Hold” and a consensus target price of $54.78.

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.