Muhlenkamp & Co. Inc. Invests $9.75 Million in Celanese Corporation $CE

Muhlenkamp & Co. Inc. acquired a new position in Celanese Corporation (NYSE:CE) during the 2nd quarter, Holdings Channel reports. The fund acquired 211,997 shares of the basic materials company’s stock, valued at approximately $9,752,000. Celanese makes up approximately 2.8% of Muhlenkamp & Co. Inc.’s investment portfolio, making the stock its 19th biggest holding.

A number of other large investors have also recently added to or reduced their stakes in CE. BlackRock Inc. purchased a new stake in shares of Celanese in the second quarter valued at about $614,675,000. Royal Bank of Canada increased its stake in shares of Celanese by 1,539.8% during the 4th quarter. Royal Bank of Canada now owns 2,133,216 shares of the basic materials company’s stock worth $90,192,000 after purchasing an additional 2,003,127 shares in the last quarter. Bank of America Corp DE purchased a new position in shares of Celanese during the 2nd quarter worth approximately $62,580,000. Capital Research Global Investors raised its position in shares of Celanese by 24.0% during the 4th quarter. Capital Research Global Investors now owns 5,565,556 shares of the basic materials company’s stock worth $235,312,000 after purchasing an additional 1,076,645 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in Celanese by 83.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,187,235 shares of the basic materials company’s stock valued at $143,849,000 after buying an additional 993,193 shares in the last quarter. 98.87% of the stock is owned by institutional investors and hedge funds.

Celanese Stock Up 0.2%

CE stock opened at $44.95 on Friday. The company has a 50 day moving average price of $46.00 and a two-hundred day moving average price of $53.58. The company has a debt-to-equity ratio of 2.33, a quick ratio of 0.87 and a current ratio of 1.45. The stock has a market capitalization of $4.93 billion, a P/E ratio of -4.20, a PEG ratio of 0.29 and a beta of 0.76. Celanese Corporation has a one year low of $35.13 and a one year high of $70.70.

Celanese (NYSE:CE) last issued its quarterly earnings results on Tuesday, August 4th. The basic materials company reported $2.45 earnings per share for the quarter, topping analysts’ consensus estimates of $2.23 by $0.22. Celanese had a positive return on equity of 13.04% and a negative net margin of 12.04%.The company had revenue of $2.75 billion for the quarter, compared to analyst estimates of $2.75 billion. During the same quarter in the prior year, the company posted $1.44 EPS. The business’s revenue for the quarter was up 8.7% compared to the same quarter last year. Celanese has set its Q3 2026 guidance at 1.350-1.750 EPS. As a group, sell-side analysts expect that Celanese Corporation will post 5.99 EPS for the current year.

Celanese Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, August 10th. Investors of record on Tuesday, July 28th were given a dividend of $0.03 per share. The ex-dividend date was Tuesday, July 28th. This represents a $0.12 annualized dividend and a yield of 0.3%. Celanese’s dividend payout ratio is -1.12%.

Insider Transactions at Celanese

In other Celanese news, SVP Mark Christopher Murray purchased 2,153 shares of the firm’s stock in a transaction on Tuesday, August 11th. The shares were purchased at an average cost of $45.52 per share, with a total value of $98,004.56. Following the purchase, the senior vice president owned 30,432 shares in the company, valued at approximately $1,385,264.64. This represents a 7.61% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Insiders own 0.34% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have commented on CE. Royal Bank Of Canada increased their target price on Celanese from $66.00 to $68.00 and gave the company a “sector perform” rating in a report on Monday, May 11th. Morgan Stanley cut their price target on Celanese from $72.00 to $58.00 and set an “equal weight” rating for the company in a report on Thursday, July 16th. Weiss Ratings restated a “sell (d-)” rating on shares of Celanese in a research report on Friday, August 21st. Citigroup decreased their price objective on Celanese from $80.00 to $68.00 and set a “buy” rating on the stock in a research note on Wednesday, June 24th. Finally, Mizuho set a $50.00 price objective on Celanese in a research report on Wednesday, August 5th. Nine equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $63.71.

About Celanese

Celanese Corporation is a global chemical and specialty materials company that develops, manufactures and markets a broad portfolio of products serving diverse industries. The company operates through two primary business segments—Engineered Materials and Acetyl Chain—offering solutions that range from high-performance polymers and specialty additives to industrial chemicals and intermediates. Its engineered materials are used in applications such as automotive components, consumer electronics, medical devices and packaging, while its acetyl derivatives find uses in coatings, adhesives, solvents and personal care products.

In the Engineered Materials segment, Celanese produces a variety of high-performance thermoplastics, polyether-block-amide (PEBA) elastomers and functional additives designed to enhance product durability, thermal resistance and sustainability.