Celanese Corporation $CE Holdings Cut by State of Alaska Department of Revenue

State of Alaska Department of Revenue trimmed its position in Celanese Corporation (NYSE:CE) by 52.3% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 17,218 shares of the basic materials company’s stock after selling 18,896 shares during the period. State of Alaska Department of Revenue’s holdings in Celanese were worth $763,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in CE. Mather Group LLC. grew its position in Celanese by 6,975.0% during the third quarter. Mather Group LLC. now owns 849 shares of the basic materials company’s stock worth $38,000 after buying an additional 837 shares in the last quarter. Fortitude Family Office LLC increased its stake in Celanese by 757.7% in the 3rd quarter. Fortitude Family Office LLC now owns 669 shares of the basic materials company’s stock worth $30,000 after acquiring an additional 591 shares during the last quarter. Sanders Morris Harris LLC bought a new position in Celanese in the 3rd quarter worth about $222,000. Farther Finance Advisors LLC raised its holdings in shares of Celanese by 186.5% in the 3rd quarter. Farther Finance Advisors LLC now owns 2,444 shares of the basic materials company’s stock valued at $108,000 after acquiring an additional 1,591 shares in the last quarter. Finally, Moody National Bank Trust Division raised its holdings in shares of Celanese by 29.0% in the 3rd quarter. Moody National Bank Trust Division now owns 29,129 shares of the basic materials company’s stock valued at $1,292,000 after acquiring an additional 6,548 shares in the last quarter. 98.87% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. Bank of America dropped their price target on Celanese from $72.00 to $63.00 and set a “buy” rating for the company in a research report on Tuesday, June 30th. Citigroup decreased their price objective on shares of Celanese from $60.00 to $58.00 and set a “buy” rating on the stock in a research report on Wednesday, September 30th. Wells Fargo & Company lowered their target price on shares of Celanese from $80.00 to $65.00 and set an “overweight” rating on the stock in a research note on Thursday, August 6th. KeyCorp assumed coverage on shares of Celanese in a research note on Thursday, September 10th. They issued an “overweight” rating and a $57.00 target price on the stock. Finally, Deutsche Bank Aktiengesellschaft set a $50.00 target price on shares of Celanese in a research report on Thursday, August 6th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, eight have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $60.38.

Celanese Trading Down 0.0%

NYSE CE opened at $47.25 on Friday. The company has a quick ratio of 0.87, a current ratio of 1.45 and a debt-to-equity ratio of 2.33. The stock’s 50-day simple moving average is $45.70 and its two-hundred day simple moving average is $50.54. Celanese Corporation has a twelve month low of $35.13 and a twelve month high of $70.70. The company has a market capitalization of $5.19 billion, a price-to-earnings ratio of 8.90, a PEG ratio of 0.34 and a beta of 0.76.

Celanese (NYSE:CE) last announced its quarterly earnings data on Tuesday, August 4th. The basic materials company reported $2.45 earnings per share for the quarter, topping analysts’ consensus estimates of $2.23 by $0.22. Celanese had a negative net margin of 12.04% and a positive return on equity of 13.04%. The firm had revenue of $2.75 billion during the quarter, compared to analyst estimates of $2.75 billion. During the same period in the previous year, the business posted $1.44 EPS. The business’s quarterly revenue was up 8.7% on a year-over-year basis. Celanese has set its Q3 2026 guidance at 1.350-1.750 EPS. Research analysts forecast that Celanese Corporation will post 6.00 EPS for the current fiscal year.

Celanese Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 10th. Shareholders of record on Tuesday, October 27th will be paid a $0.03 dividend. The ex-dividend date of this dividend is Tuesday, October 27th. This represents a $0.12 annualized dividend and a yield of 0.3%. Celanese’s payout ratio is currently -1.12%.

Insiders Place Their Bets

In other Celanese news, SVP Mark Murray purchased 2,153 shares of the stock in a transaction on Tuesday, August 11th. The stock was acquired at an average cost of $45.52 per share, with a total value of $98,004.56. Following the completion of the purchase, the senior vice president directly owned 30,432 shares of the company’s stock, valued at approximately $1,385,264.64. This trade represents a 7.61% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.34% of the stock is owned by corporate insiders.

Celanese Company Profile

Celanese Corporation (NYSE: CE) is a global chemical and specialty materials company headquartered in Irving, Texas. The company develops and manufactures engineered materials and chemical products used by manufacturers in industries including automotive, consumer goods, medical and healthcare, electronics, industrial equipment, energy and infrastructure.

Celanese operates primarily through its Engineered Materials and Acetyl Chain businesses. Its portfolio includes engineered polymers, thermoplastic compounds and other specialty materials, as well as acetyl products such as acetic acid, vinyl acetate monomer, emulsions and related intermediates.