Quarry LP Purchases 5,779 Shares of Celanese Corporation $CE

Quarry LP grew its position in shares of Celanese Corporation (NYSE:CE) by 439.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,094 shares of the basic materials company’s stock after buying an additional 5,779 shares during the quarter. Quarry LP’s holdings in Celanese were worth $403,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of the stock. Focus Partners Wealth grew its stake in shares of Celanese by 3.9% during the fourth quarter. Focus Partners Wealth now owns 4,197 shares of the basic materials company’s stock valued at $291,000 after purchasing an additional 156 shares during the last quarter. Strengthening Families & Communities LLC grew its stake in shares of Celanese by 73.2% during the first quarter. Strengthening Families & Communities LLC now owns 440 shares of the basic materials company’s stock valued at $25,000 after purchasing an additional 186 shares during the last quarter. Tidal Investments LLC grew its stake in shares of Celanese by 6.8% during the fourth quarter. Tidal Investments LLC now owns 3,263 shares of the basic materials company’s stock valued at $226,000 after purchasing an additional 209 shares during the last quarter. Nissay Asset Management Corp Japan ADV grew its stake in shares of Celanese by 1.8% during the fourth quarter. Nissay Asset Management Corp Japan ADV now owns 13,442 shares of the basic materials company’s stock valued at $924,000 after purchasing an additional 242 shares during the last quarter. Finally, Janus Henderson Group PLC grew its stake in shares of Celanese by 1.8% during the fourth quarter. Janus Henderson Group PLC now owns 14,024 shares of the basic materials company’s stock valued at $971,000 after purchasing an additional 251 shares during the last quarter. 98.87% of the stock is owned by institutional investors.

Celanese Price Performance

Shares of CE stock opened at $47.65 on Monday. Celanese Corporation has a 52-week low of $36.29 and a 52-week high of $142.54. The stock has a market cap of $5.22 billion, a PE ratio of -3.22, a PEG ratio of 2.06 and a beta of 1.11. The company has a debt-to-equity ratio of 2.22, a quick ratio of 1.22 and a current ratio of 2.05. The firm’s 50 day moving average price is $53.01 and its two-hundred day moving average price is $51.97.

Celanese (NYSE:CE) last posted its earnings results on Monday, August 11th. The basic materials company reported $1.44 earnings per share for the quarter, topping the consensus estimate of $1.38 by $0.06. The company had revenue of $2.53 billion for the quarter, compared to analyst estimates of $2.50 billion. Celanese had a negative net margin of 16.30% and a positive return on equity of 10.48%. The business’s revenue for the quarter was down 4.5% compared to the same quarter last year. During the same period last year, the business posted $2.38 earnings per share. Celanese has set its Q3 2025 guidance at 1.100-1.400 EPS. As a group, analysts forecast that Celanese Corporation will post 8.79 EPS for the current year.

Celanese Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, August 11th. Shareholders of record on Tuesday, July 29th were issued a $0.03 dividend. The ex-dividend date was Tuesday, July 29th. This represents a $0.12 annualized dividend and a yield of 0.3%. Celanese’s dividend payout ratio (DPR) is -0.81%.

Analyst Upgrades and Downgrades

CE has been the topic of several research analyst reports. Citigroup increased their price target on shares of Celanese from $52.00 to $65.00 and gave the company a “neutral” rating in a research note on Thursday, July 10th. Mizuho increased their price target on shares of Celanese from $50.00 to $59.00 and gave the company a “neutral” rating in a research note on Tuesday, July 15th. Robert W. Baird reduced their price objective on shares of Celanese from $67.00 to $50.00 and set an “outperform” rating on the stock in a research note on Wednesday, August 13th. JPMorgan Chase & Co. reduced their price objective on shares of Celanese from $47.00 to $40.00 and set a “neutral” rating on the stock in a research note on Thursday, August 14th. Finally, UBS Group reduced their price objective on shares of Celanese from $66.00 to $49.00 and set a “neutral” rating on the stock in a research note on Tuesday, August 12th. Six analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, Celanese has a consensus rating of “Hold” and an average price target of $59.39.

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.