Muhlenkamp & Co. Inc. Increases Stock Position in Celanese Corporation $CE

Muhlenkamp & Co. Inc. lifted its holdings in shares of Celanese Corporation (NYSE:CE) by 13.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 209,403 shares of the basic materials company’s stock after acquiring an additional 24,948 shares during the period. Celanese accounts for about 2.4% of Muhlenkamp & Co. Inc.’s holdings, making the stock its 19th biggest position. Muhlenkamp & Co. Inc.’s holdings in Celanese were worth $8,854,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of CE. Turtle Creek Asset Management Inc. grew its position in shares of Celanese by 21.0% during the third quarter. Turtle Creek Asset Management Inc. now owns 5,115,365 shares of the basic materials company’s stock worth $215,255,000 after acquiring an additional 887,600 shares during the last quarter. Bank of America Corp DE grew its position in shares of Celanese by 103.7% during the second quarter. Bank of America Corp DE now owns 1,645,689 shares of the basic materials company’s stock worth $91,056,000 after acquiring an additional 837,944 shares during the last quarter. Holocene Advisors LP grew its position in shares of Celanese by 872.6% during the third quarter. Holocene Advisors LP now owns 693,796 shares of the basic materials company’s stock worth $29,195,000 after acquiring an additional 622,460 shares during the last quarter. BNP Paribas Financial Markets grew its position in shares of Celanese by 142.8% during the second quarter. BNP Paribas Financial Markets now owns 956,650 shares of the basic materials company’s stock worth $52,931,000 after acquiring an additional 562,615 shares during the last quarter. Finally, Man Group plc purchased a new position in shares of Celanese during the second quarter worth approximately $30,557,000. 98.87% of the stock is currently owned by hedge funds and other institutional investors.

Celanese Stock Performance

NYSE:CE opened at $60.01 on Thursday. The firm’s fifty day moving average price is $61.11 and its 200 day moving average price is $50.47. Celanese Corporation has a 1-year low of $35.13 and a 1-year high of $70.70. The company has a debt-to-equity ratio of 2.41, a current ratio of 1.38 and a quick ratio of 0.85. The firm has a market cap of $6.58 billion, a price-to-earnings ratio of -5.99, a price-to-earnings-growth ratio of 0.37 and a beta of 0.81.

Celanese (NYSE:CE) last posted its quarterly earnings data on Tuesday, May 5th. The basic materials company reported $0.85 earnings per share for the quarter, missing analysts’ consensus estimates of $0.88 by ($0.03). Celanese had a negative net margin of 11.54% and a positive return on equity of 9.92%. The firm had revenue of $2.34 billion during the quarter, compared to analysts’ expectations of $2.34 billion. During the same quarter last year, the business earned $0.57 earnings per share. The business’s quarterly revenue was down 2.2% on a year-over-year basis. Celanese has set its Q2 2026 guidance at 2.000-2.400 EPS. On average, sell-side analysts expect that Celanese Corporation will post 5.65 EPS for the current year.

Celanese Announces Dividend

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

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on CE shares. Evercore set a $63.00 target price on shares of Celanese in a research report on Wednesday, February 18th. Morgan Stanley lifted their price objective on shares of Celanese from $50.00 to $72.00 and gave the company an “equal weight” rating in a research report on Tuesday, May 5th. Bank of America lifted their price objective on shares of Celanese from $70.00 to $75.00 and gave the company a “buy” rating in a research report on Tuesday, April 21st. Citigroup lowered their price objective on shares of Celanese from $84.00 to $80.00 and set a “buy” rating on the stock in a research report on Thursday, May 7th. Finally, UBS Group lifted their price objective on shares of Celanese from $58.00 to $64.00 and gave the company a “neutral” rating in a research report on Thursday, April 9th. Ten research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Celanese currently has an average rating of “Moderate Buy” and an average target price 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.