Celanese Corporation $CE Shares Purchased by Forvis Mazars Wealth Advisors LLC

Forvis Mazars Wealth Advisors LLC grew its stake in shares of Celanese Corporation (NYSE:CE) by 6.5% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 14,977 shares of the basic materials company’s stock after purchasing an additional 910 shares during the quarter. Forvis Mazars Wealth Advisors LLC’s holdings in Celanese were worth $829,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the stock. Bell & Brown Wealth Advisors LLC increased its holdings in shares of Celanese by 63.1% during the second quarter. Bell & Brown Wealth Advisors LLC now owns 27,167 shares of the basic materials company’s stock valued at $1,503,000 after acquiring an additional 10,515 shares in the last quarter. Applied Finance Capital Management LLC increased its holdings in Celanese by 14.4% in the 2nd quarter. Applied Finance Capital Management LLC now owns 159,145 shares of the basic materials company’s stock worth $8,806,000 after buying an additional 20,006 shares during the period. Harbour Investments Inc. increased its holdings in Celanese by 27.9% in the 2nd quarter. Harbour Investments Inc. now owns 1,165 shares of the basic materials company’s stock worth $64,000 after buying an additional 254 shares during the period. Bayforest Capital Ltd increased its holdings in Celanese by 107.0% in the 2nd quarter. Bayforest Capital Ltd now owns 9,907 shares of the basic materials company’s stock worth $548,000 after buying an additional 5,121 shares during the period. Finally, Yousif Capital Management LLC increased its holdings in Celanese by 2.9% in the 2nd quarter. Yousif Capital Management LLC now owns 33,208 shares of the basic materials company’s stock worth $1,837,000 after buying an additional 935 shares during the period. Institutional investors and hedge funds own 98.87% of the company’s stock.

Insider Activity

In other Celanese news, Director Timothy Go bought 1,039 shares of the firm’s stock in a transaction dated Monday, September 8th. The shares were purchased at an average price of $46.25 per share, for a total transaction of $48,053.75. Following the transaction, the director directly owned 4,415 shares of the company’s stock, valued at approximately $204,193.75. This represents a 30.78% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.26% of the stock is owned by company insiders.

Analyst Ratings Changes

Several brokerages recently weighed in on CE. Mizuho increased their price target on shares of Celanese from $50.00 to $59.00 and gave the stock a “neutral” rating in a report on Tuesday, July 15th. Citigroup upgraded shares of Celanese from a “neutral” rating to a “buy” rating and increased their price target for the stock from $47.00 to $53.00 in a report on Thursday, October 2nd. Jefferies Financial Group dropped their price objective on shares of Celanese from $47.00 to $43.00 and set a “hold” rating on the stock in a research note on Monday, September 8th. Zacks Research cut shares of Celanese from a “hold” rating to a “strong sell” rating in a research note on Thursday, August 14th. Finally, Wells Fargo & Company dropped their price objective on shares of Celanese from $60.00 to $57.00 and set an “overweight” rating on the stock in a research note on Tuesday, September 30th. Seven research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, Celanese has an average rating of “Hold” and a consensus price target of $56.11.

Celanese Price Performance

Shares of NYSE CE opened at $40.21 on Monday. Celanese Corporation has a 12 month low of $36.29 and a 12 month high of $136.47. The stock has a market capitalization of $4.40 billion, a price-to-earnings ratio of -2.71, a PEG ratio of 1.84 and a beta of 1.13. The company has a debt-to-equity ratio of 2.22, a current ratio of 2.05 and a quick ratio of 1.22. The firm’s 50 day simple moving average is $44.06 and its 200-day simple moving average is $48.94.

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

Celanese Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 12th. Stockholders of record on Tuesday, October 28th will be given a dividend of $0.03 per share. The ex-dividend date is Tuesday, October 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 -0.81%.

About Celanese

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.