Celanese Corporation $CE Shares Purchased by Geode Capital Management LLC

Geode Capital Management LLC increased its stake in shares of Celanese Corporation (NYSE:CE) by 17.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,909,529 shares of the basic materials company’s stock after purchasing an additional 287,264 shares during the period. Geode Capital Management LLC owned 1.74% of Celanese worth $80,760,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Geneos Wealth Management Inc. raised its position in shares of Celanese by 111.1% during the 2nd quarter. Geneos Wealth Management Inc. now owns 513 shares of the basic materials company’s stock worth $28,000 after purchasing an additional 270 shares during the last quarter. National Bank of Canada FI purchased a new stake in Celanese in the 3rd quarter worth approximately $34,000. Hartford Financial Management Inc. grew its stake in Celanese by 350.5% in the 4th quarter. Hartford Financial Management Inc. now owns 901 shares of the basic materials company’s stock worth $38,000 after acquiring an additional 701 shares during the period. Smartleaf Asset Management LLC grew its stake in Celanese by 100.0% in the 2nd quarter. Smartleaf Asset Management LLC now owns 662 shares of the basic materials company’s stock worth $38,000 after acquiring an additional 331 shares during the period. Finally, Danske Bank A S purchased a new stake in Celanese in the 3rd quarter worth approximately $50,000. 98.87% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have commented on CE. Royal Bank Of Canada lifted their target price on shares of Celanese from $66.00 to $68.00 and gave the stock a “sector perform” rating in a research note on Monday, May 11th. Citigroup lowered their target price on shares of Celanese from $84.00 to $80.00 and set a “buy” rating for the company in a research note on Thursday, May 7th. Mizuho lifted their target price on shares of Celanese from $58.00 to $65.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 6th. Morgan Stanley lifted their target price on shares of Celanese from $50.00 to $72.00 and gave the stock an “equal weight” rating in a research note on Tuesday, May 5th. Finally, Vertical Research raised shares of Celanese from a “hold” rating to a “buy” rating and set a $60.00 target price for the company in a research note on Monday, March 9th. Ten analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $67.81.

Celanese Stock Up 0.1%

Shares of NYSE CE opened at $51.09 on Monday. Celanese Corporation has a 52-week low of $35.13 and a 52-week high of $70.70. The firm has a fifty day moving average of $60.47 and a 200-day moving average of $52.22. The stock has a market capitalization of $5.60 billion, a PE ratio of -5.10, a P/E/G ratio of 0.31 and a beta of 0.74. The company has a quick ratio of 0.85, a current ratio of 1.38 and a debt-to-equity ratio of 2.41.

Celanese (NYSE:CE) last announced its quarterly earnings data on Tuesday, May 5th. The basic materials company reported $0.85 earnings per share (EPS) for the quarter, missing the consensus estimate 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 company had revenue of $2.34 billion for the quarter, compared to analysts’ expectations of $2.34 billion. During the same period in the prior year, the firm earned $0.57 earnings per share. The firm’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, analysts anticipate that Celanese Corporation will post 5.8 EPS for the current year.

Celanese Announces Dividend

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

About Celanese

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.