EVR Research LP Makes New Investment in Celanese Corporation $CE

EVR Research LP acquired a new position in shares of Celanese Corporation (NYSE:CE) in the 4th quarter, Holdings Channel.com reports. The firm acquired 137,000 shares of the basic materials company’s stock, valued at approximately $5,792,000. Celanese comprises about 3.1% of EVR Research LP’s investment portfolio, making the stock its 14th biggest position.

Other hedge funds have also recently bought and sold shares of the company. JPMorgan Chase & Co. lifted its position in Celanese by 12.8% during the third quarter. JPMorgan Chase & Co. now owns 259,196 shares of the basic materials company’s stock worth $10,907,000 after acquiring an additional 29,392 shares during the last quarter. AMG National Trust Bank lifted its position in Celanese by 270.1% during the third quarter. AMG National Trust Bank now owns 70,322 shares of the basic materials company’s stock worth $2,959,000 after acquiring an additional 51,322 shares during the last quarter. Russell Investments Group Ltd. lifted its position in Celanese by 21.5% during the third quarter. Russell Investments Group Ltd. now owns 1,214,487 shares of the basic materials company’s stock worth $51,104,000 after acquiring an additional 214,632 shares during the last quarter. Fox Run Management L.L.C. lifted its position in Celanese by 406.9% during the third quarter. Fox Run Management L.L.C. now owns 42,175 shares of the basic materials company’s stock worth $1,775,000 after acquiring an additional 33,854 shares during the last quarter. Finally, QSM Asset Management Ltd raised its position in shares of Celanese by 102.2% in the fourth quarter. QSM Asset Management Ltd now owns 84,698 shares of the basic materials company’s stock valued at $3,581,000 after buying an additional 42,800 shares in the last quarter. 98.87% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

CE has been the subject of a number of analyst reports. Zacks Research upgraded shares of Celanese from a “strong sell” rating to a “hold” rating in a research report on Tuesday, April 21st. Robert W. Baird lifted their price target on shares of Celanese from $65.00 to $75.00 and gave the company an “outperform” rating in a research report on Friday, March 27th. Bank of America lifted their price target 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. Wells Fargo & Company lifted their price target on shares of Celanese from $75.00 to $80.00 and gave the company an “overweight” rating in a research report on Friday, May 8th. Finally, Evercore set a $63.00 price target on shares of Celanese in a research report on Wednesday, February 18th. Ten analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $67.81.

Celanese Stock Down 1.3%

NYSE CE opened at $51.24 on Thursday. The company has a current ratio of 1.38, a quick ratio of 0.85 and a debt-to-equity ratio of 2.41. Celanese Corporation has a 1-year low of $35.13 and a 1-year high of $70.70. The company has a 50 day moving average of $58.51 and a 200-day moving average of $52.97. The company has a market cap of $5.62 billion, a price-to-earnings ratio of -5.12, a PEG ratio of 0.32 and a beta of 0.73.

Celanese (NYSE:CE) last announced its quarterly earnings data on Tuesday, May 5th. The basic materials company reported $0.85 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 firm had revenue of $2.34 billion for the quarter, compared to analyst estimates of $2.34 billion. During the same quarter in the prior year, the firm earned $0.57 earnings per share. The firm’s revenue for the quarter 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, equities research analysts expect that Celanese Corporation will post 5.8 earnings per share for the current fiscal year.

Celanese Announces Dividend

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

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.