Celanese Corporation $CE Stock Position Lessened by California Public Employees Retirement System

California Public Employees Retirement System decreased its position in shares of Celanese Corporation (NYSE:CE) by 6.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 182,118 shares of the basic materials company’s stock after selling 13,424 shares during the period. California Public Employees Retirement System’s holdings in Celanese were worth $11,978,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Royal Bank of Canada increased its stake in Celanese by 1,539.8% in the 4th quarter. Royal Bank of Canada now owns 2,133,216 shares of the basic materials company’s stock worth $90,192,000 after purchasing an additional 2,003,127 shares in the last quarter. Capital Research Global Investors lifted its stake in Celanese by 24.0% during the fourth quarter. Capital Research Global Investors now owns 5,565,556 shares of the basic materials company’s stock valued at $235,312,000 after buying an additional 1,076,645 shares in the last quarter. Turtle Creek Asset Management Inc. lifted its stake in 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 valued at $215,255,000 after buying an additional 887,600 shares in the last quarter. 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 worth $91,056,000 after buying an additional 837,944 shares during the period. Finally, Holocene Advisors LP raised its position in Celanese by 872.6% during the third quarter. Holocene Advisors LP now owns 693,796 shares of the basic materials company’s stock valued at $29,195,000 after buying an additional 622,460 shares during the period. 98.87% of the stock is currently owned by institutional investors and hedge funds.

Celanese Trading Down 2.0%

CE stock opened at $46.38 on Friday. Celanese Corporation has a one year low of $35.13 and a one year high of $70.70. The stock has a market cap of $5.09 billion, a price-to-earnings ratio of -4.63, a price-to-earnings-growth ratio of 0.29 and a beta of 0.76. The company has a fifty day moving average price of $49.99 and a two-hundred day moving average price of $53.95. The company has a debt-to-equity ratio of 2.41, a current ratio of 1.38 and a quick ratio of 0.85.

Celanese (NYSE:CE) last released its earnings results 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 company had revenue of $2.34 billion for the quarter, compared to the consensus estimate of $2.34 billion. During the same quarter in the previous year, the company posted $0.57 earnings per share. The business’s revenue was down 2.2% compared to the same quarter last year. Celanese has set its Q2 2026 guidance at 2.000-2.400 EPS. Equities analysts anticipate that Celanese Corporation will post 6.01 EPS for the current year.

Celanese Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 10th. Shareholders of record on Tuesday, July 28th will be paid a dividend of $0.03 per share. The ex-dividend date is Tuesday, July 28th. This represents a $0.12 annualized dividend and a yield of 0.3%. Celanese’s dividend payout ratio (DPR) is -1.20%.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. BMO Capital Markets cut their price objective on shares of Celanese from $80.00 to $57.00 and set a “market perform” rating on the stock in a research report on Monday, July 6th. Robert W. Baird lifted their price objective on Celanese from $65.00 to $75.00 and gave the stock an “outperform” rating in a research note on Friday, March 27th. Morgan Stanley cut their price objective on Celanese from $72.00 to $58.00 and set an “equal weight” rating for the company in a research report on Thursday, July 16th. Mizuho decreased their price objective on Celanese from $65.00 to $55.00 and set a “neutral” rating on the stock in a report on Wednesday, July 1st. Finally, Royal Bank Of Canada raised their price target 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. Ten analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Celanese currently has an average rating of “Moderate Buy” and an average price target of $65.94.

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.