Van ECK Associates Corp Acquires 46,228 Shares of Celanese Corporation $CE

Van ECK Associates Corp increased its holdings in shares of Celanese Corporation (NYSE:CE) by 107.1% during the second quarter, HoldingsChannel reports. The firm owned 89,406 shares of the basic materials company’s stock after buying an additional 46,228 shares during the period. Van ECK Associates Corp’s holdings in Celanese were worth $4,113,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also bought and sold shares of CE. Geneos Wealth Management Inc. lifted its stake in Celanese by 111.1% during the 2nd quarter. Geneos Wealth Management Inc. now owns 513 shares of the basic materials company’s stock valued at $28,000 after acquiring an additional 270 shares during the period. National Bank of Canada FI bought a new stake in shares of Celanese in the third quarter worth approximately $34,000. Smartleaf Asset Management LLC raised its holdings in shares of Celanese by 100.0% during the second quarter. Smartleaf Asset Management LLC now owns 662 shares of the basic materials company’s stock valued at $38,000 after purchasing an additional 331 shares during the last quarter. UMB Bank n.a. lifted its position in Celanese by 175.7% during the fourth quarter. UMB Bank n.a. now owns 896 shares of the basic materials company’s stock valued at $38,000 after purchasing an additional 571 shares during the period. Finally, Kestra Advisory Services LLC bought a new position in Celanese during the fourth quarter valued at approximately $41,000. Hedge funds and other institutional investors own 98.87% of the company’s stock.

Wall Street Analysts Forecast Growth

CE has been the subject of a number of research reports. Citigroup decreased their target price on shares of Celanese from $80.00 to $68.00 and set a “buy” rating for the company in a research note on Wednesday, June 24th. Bank of America dropped their price target on Celanese from $72.00 to $63.00 and set a “buy” rating on the stock in a research note on Tuesday, June 30th. Royal Bank Of Canada lifted their price objective on Celanese from $66.00 to $68.00 and gave the stock a “sector perform” rating in a report on Monday, May 11th. BMO Capital Markets lowered their target price on Celanese from $57.00 to $54.00 and set a “market perform” rating on the stock in a report on Wednesday, August 5th. Finally, Mizuho set a $50.00 target price on Celanese in a research report on Wednesday, August 5th. Nine 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. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $63.71.

Insider Activity at Celanese

In related news, SVP Mark Murray acquired 2,153 shares of the stock in a transaction dated 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 transaction, the senior vice president directly 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 acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.34% of the stock is owned by company insiders.

Celanese Stock Down 3.0%

CE opened at $45.25 on Friday. The firm’s 50 day simple moving average is $45.73 and its two-hundred day simple moving average is $53.18. The company has a market capitalization of $4.97 billion, a PE ratio of -4.23, a PEG ratio of 0.30 and a beta of 0.76. Celanese Corporation has a 1-year low of $35.13 and a 1-year high of $70.70. The company has a current ratio of 1.45, a quick ratio of 0.87 and a debt-to-equity ratio of 2.33.

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

Celanese Announces Dividend

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

Celanese Profile

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.