Celanese Corporation $CE Shares Purchased by E. Ohman J or Asset Management AB

E. Ohman J or Asset Management AB increased its position in shares of Celanese Corporation (NYSE:CE) by 25.9% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 66,838 shares of the basic materials company’s stock after purchasing an additional 13,754 shares during the quarter. E. Ohman J or Asset Management AB owned approximately 0.06% of Celanese worth $4,396,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in CE. Vanguard Group Inc. boosted its stake in Celanese by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 11,840,341 shares of the basic materials company’s stock worth $500,610,000 after purchasing an additional 90,428 shares during the last quarter. Capital Research Global Investors raised its position in shares of Celanese by 24.0% in the fourth quarter. Capital Research Global Investors now owns 5,565,556 shares of the basic materials company’s stock valued at $235,312,000 after buying an additional 1,076,645 shares during the last quarter. Turtle Creek Asset Management Inc. raised its position in shares of Celanese by 21.0% in the third quarter. Turtle Creek Asset Management Inc. now owns 5,115,365 shares of the basic materials company’s stock valued at $215,255,000 after buying an additional 887,600 shares during the last quarter. Fuller & Thaler Asset Management Inc. lifted its stake in shares of Celanese by 15.8% in the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 4,094,781 shares of the basic materials company’s stock worth $173,127,000 after buying an additional 558,391 shares in the last quarter. Finally, State Street Corp boosted its position in Celanese by 2.1% during the fourth quarter. State Street Corp now owns 3,949,230 shares of the basic materials company’s stock worth $166,973,000 after acquiring an additional 80,242 shares during the last quarter. 98.87% of the stock is owned by institutional investors and hedge funds.

Celanese Trading Down 0.0%

Shares of CE opened at $51.13 on Friday. Celanese Corporation has a 12-month low of $35.13 and a 12-month high of $70.70. The firm has a market capitalization of $5.61 billion, a P/E ratio of -5.11, a P/E/G ratio of 0.31 and a beta of 0.73. The firm has a 50-day moving average price of $58.01 and a 200 day moving average price of $53.03. The company has a current ratio of 1.38, a quick ratio of 0.85 and a debt-to-equity ratio of 2.41.

Celanese (NYSE:CE) last issued its earnings results on Tuesday, May 5th. The basic materials company reported $0.85 EPS for the quarter, missing analysts’ consensus estimates of $0.88 by ($0.03). The firm had revenue of $2.34 billion for the quarter, compared to analysts’ expectations of $2.34 billion. Celanese had a positive return on equity of 9.92% and a negative net margin of 11.54%.Celanese’s revenue for the quarter was down 2.2% on a year-over-year basis. During the same period last year, the firm earned $0.57 earnings per share. Celanese has set its Q2 2026 guidance at 2.000-2.400 EPS. Sell-side analysts forecast that Celanese Corporation will post 5.8 EPS for the current year.

Celanese Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, May 11th. Stockholders of record on Monday, April 27th were paid a $0.03 dividend. This represents a $0.12 annualized dividend and a dividend yield of 0.2%. The ex-dividend date of this dividend was Monday, April 27th. Celanese’s dividend payout ratio is -1.20%.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. Vertical Research raised shares of Celanese from a “hold” rating to a “buy” rating and set a $60.00 price objective for the company in a research note on Monday, March 9th. Tudor Pickering upgraded Celanese from a “hold” rating to a “buy” rating in a report on Monday, March 9th. Weiss Ratings restated a “sell (d-)” rating on shares of Celanese in a report on Tuesday, May 26th. Royal Bank Of Canada upped their price target on Celanese from $66.00 to $68.00 and gave the company a “sector perform” rating in a research report on Monday, May 11th. Finally, Morgan Stanley lifted their price objective on Celanese from $50.00 to $72.00 and gave the stock an “equal weight” rating in a research report on Tuesday, May 5th. Ten 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. According to MarketBeat, Celanese has an average rating of “Moderate Buy” and a consensus price target of $67.81.

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.