Celanese Corporation $CE Stock Position Lifted by JPMorgan Chase & Co.

JPMorgan Chase & Co. grew its holdings in shares of Celanese Corporation (NYSE:CE) by 12.8% during the third quarter, Holdings Channel.com reports. The firm owned 259,196 shares of the basic materials company’s stock after buying an additional 29,392 shares during the quarter. JPMorgan Chase & Co.’s holdings in Celanese were worth $10,907,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Federated Hermes Inc. grew its position in Celanese by 182.1% in the 2nd quarter. Federated Hermes Inc. now owns 5,081,458 shares of the basic materials company’s stock valued at $281,157,000 after buying an additional 3,280,109 shares in the last quarter. Norges Bank acquired a new stake in shares of Celanese in the 2nd quarter worth approximately $114,934,000. Bank of America Corp DE boosted its holdings in shares of Celanese by 103.7% in the second quarter. Bank of America Corp DE now owns 1,645,689 shares of the basic materials company’s stock valued at $91,056,000 after acquiring an additional 837,944 shares in the last quarter. Marshall Wace LLP boosted its holdings in shares of Celanese by 706.8% in the second quarter. Marshall Wace LLP now owns 819,833 shares of the basic materials company’s stock valued at $45,361,000 after acquiring an additional 718,218 shares in the last quarter. Finally, Assenagon Asset Management S.A. increased its stake in shares of Celanese by 437.9% during the third quarter. Assenagon Asset Management S.A. now owns 737,289 shares of the basic materials company’s stock valued at $31,025,000 after acquiring an additional 600,229 shares during the period. 98.87% of the stock is currently owned by institutional investors.

Celanese Price Performance

CE stock opened at $52.56 on Friday. Celanese Corporation has a one year low of $35.13 and a one year high of $63.55. The firm has a 50-day moving average of $49.11 and a two-hundred day moving average of $44.58. The firm has a market capitalization of $5.76 billion, a PE ratio of -4.96, a P/E/G ratio of 0.37 and a beta of 1.07. The company has a current ratio of 1.55, a quick ratio of 0.94 and a debt-to-equity ratio of 2.55.

Celanese (NYSE:CE) last released its quarterly earnings results on Tuesday, February 17th. The basic materials company reported $0.67 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.89 by ($0.22). The firm had revenue of $2.20 billion for the quarter, compared to analyst estimates of $2.25 billion. Celanese had a negative net margin of 12.15% and a positive return on equity of 8.75%. The firm’s revenue was down 6.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.45 EPS. Celanese has set its Q1 2026 guidance at 0.700-0.850 EPS. On average, analysts forecast that Celanese Corporation will post 8.79 earnings per share for the current year.

Celanese Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 10th. Stockholders of record on Tuesday, February 24th will be issued a $0.03 dividend. The ex-dividend date is Tuesday, February 24th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.2%. Celanese’s dividend payout ratio is presently -1.13%.

Insider Activity at Celanese

In other Celanese news, CFO Chuck Kyrish purchased 5,000 shares of the stock in a transaction dated Tuesday, December 9th. The shares were acquired at an average price of $41.03 per share, for a total transaction of $205,150.00. Following the completion of the acquisition, the chief financial officer owned 10,914 shares of the company’s stock, valued at $447,801.42. This represents a 84.55% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.33% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

CE has been the subject of a number of research analyst reports. Evercore set a $63.00 target price on Celanese in a research report on Wednesday, February 18th. Jefferies Financial Group upgraded Celanese from a “hold” rating to a “buy” rating and set a $86.00 price objective for the company in a report on Thursday, February 5th. JPMorgan Chase & Co. lifted their target price on Celanese from $40.00 to $53.00 and gave the stock a “neutral” rating in a report on Thursday, February 19th. Zacks Research cut shares of Celanese from a “hold” rating to a “strong sell” rating in a research report on Tuesday, January 20th. Finally, UBS Group raised their price objective on shares of Celanese from $50.00 to $56.00 and gave the company a “neutral” rating in a research report on Thursday, February 19th. Seven equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $59.35.

Celanese Company 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.