18,670 Shares in Celanese Corporation $CE Bought by Freestone Grove Partners LP

Freestone Grove Partners LP bought a new stake in Celanese Corporation (NYSE:CE) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 18,670 shares of the basic materials company’s stock, valued at approximately $859,000.

A number of other institutional investors have also recently added to or reduced their stakes in CE. BlackRock Inc. acquired a new stake in Celanese during the second quarter worth about $614,675,000. Vanguard Group Inc. lifted its stake in shares of Celanese by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 11,840,341 shares of the basic materials company’s stock valued at $500,610,000 after purchasing an additional 90,428 shares in the last quarter. Capital Research Global Investors lifted its stake in shares of Celanese by 24.0% in the 4th quarter. Capital Research Global Investors now owns 5,565,556 shares of the basic materials company’s stock valued at $235,312,000 after purchasing an additional 1,076,645 shares in the last quarter. Turtle Creek Asset Management Inc. grew its holdings in shares of Celanese by 21.0% during the 3rd quarter. Turtle Creek Asset Management Inc. now owns 5,115,365 shares of the basic materials company’s stock worth $215,255,000 after purchasing an additional 887,600 shares during the period. Finally, Fuller & Thaler Asset Management Inc. grew its holdings in shares of Celanese by 15.8% during the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 4,094,781 shares of the basic materials company’s stock worth $173,127,000 after purchasing an additional 558,391 shares during the period. Hedge funds and other institutional investors own 98.87% of the company’s stock.

Insider Activity

In other news, SVP Mark Christopher Murray bought 2,153 shares of Celanese stock in a transaction dated Tuesday, August 11th. The shares were acquired at an average cost of $45.52 per share, with a total value of $98,004.56. Following the completion of the transaction, the senior vice president owned 30,432 shares in the company, valued at approximately $1,385,264.64. This trade represents a 7.61% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.34% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the stock. Wells Fargo & Company dropped their target price on shares of Celanese from $80.00 to $65.00 and set an “overweight” rating for the company in a research report on Thursday, August 6th. JPMorgan Chase & Co. lifted their price target on shares of Celanese from $53.00 to $68.00 and gave the company an “overweight” rating in a research report on Thursday, May 7th. Royal Bank Of Canada boosted their price objective on shares of Celanese from $66.00 to $68.00 and gave the stock a “sector perform” rating in a research note on Monday, May 11th. Bank of America dropped their price objective on shares of Celanese from $72.00 to $63.00 and set a “buy” rating for the company in a research report on Tuesday, June 30th. Finally, Citigroup cut their target price on shares of Celanese from $80.00 to $68.00 and set a “buy” rating on the stock in a research note on Wednesday, June 24th. Nine investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $63.71.

Celanese Price Performance

CE stock opened at $44.95 on Friday. The company has a debt-to-equity ratio of 2.33, a quick ratio of 0.87 and a current ratio of 1.45. Celanese Corporation has a 1 year low of $35.13 and a 1 year high of $70.70. The firm has a market cap of $4.93 billion, a P/E ratio of -4.20, a price-to-earnings-growth ratio of 0.29 and a beta of 0.76. The stock has a 50-day simple moving average of $46.00 and a 200-day simple moving average of $53.58.

Celanese (NYSE:CE) last announced its earnings results on Tuesday, August 4th. The basic materials company reported $2.45 EPS for the quarter, beating the consensus estimate of $2.23 by $0.22. The business had revenue of $2.75 billion for the quarter, compared to the consensus estimate of $2.75 billion. Celanese had a positive return on equity of 13.04% and a negative net margin of 12.04%.The company’s revenue was up 8.7% on a year-over-year basis. During the same period last year, the business posted $1.44 EPS. Celanese has set its Q3 2026 guidance at 1.350-1.750 EPS. On average, equities analysts predict that Celanese Corporation will post 5.99 earnings per share for the current fiscal year.

Celanese Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 10th. Stockholders of record on Tuesday, July 28th were paid a dividend of $0.03 per share. The ex-dividend date was Tuesday, July 28th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.3%. Celanese’s dividend payout ratio (DPR) is currently -1.12%.

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.