122,485 Shares in Celanese Corporation $CE Purchased by Old West Investment Management LLC

Old West Investment Management LLC acquired a new position in shares of Celanese Corporation (NYSE:CE) in the 2nd quarter, HoldingsChannel reports. The firm acquired 122,485 shares of the basic materials company’s stock, valued at approximately $5,634,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Geneos Wealth Management Inc. increased its position in shares of Celanese by 111.1% during the second 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 in the last quarter. Smartleaf Asset Management LLC lifted its holdings in Celanese by 100.0% in the 2nd quarter. Smartleaf Asset Management LLC now owns 662 shares of the basic materials company’s stock valued at $38,000 after purchasing an additional 331 shares in the last quarter. National Bank of Canada FI acquired a new stake in Celanese during the 3rd quarter worth $34,000. UMB Bank n.a. grew its holdings in shares of Celanese by 175.7% during the fourth quarter. UMB Bank n.a. now owns 896 shares of the basic materials company’s stock worth $38,000 after buying an additional 571 shares in the last quarter. Finally, Kestra Advisory Services LLC purchased a new stake in shares of Celanese during the fourth quarter worth $41,000. Hedge funds and other institutional investors own 98.87% of the company’s stock.

Celanese Trading Down 0.1%

Shares of CE stock opened at $45.63 on Monday. The company has a current ratio of 1.45, a quick ratio of 0.87 and a debt-to-equity ratio of 2.33. Celanese Corporation has a twelve month low of $35.13 and a twelve month high of $70.70. The company’s 50-day moving average price is $47.22 and its 200-day moving average price is $53.84. The stock has a market cap of $5.01 billion, a price-to-earnings ratio of -4.27, a PEG ratio of 0.30 and a beta of 0.76.

Celanese (NYSE:CE) last posted its earnings results on Tuesday, August 4th. The basic materials company reported $2.45 earnings per share for the quarter, beating the consensus estimate 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 company had revenue of $2.75 billion for the quarter, compared to analyst estimates of $2.75 billion. During the same period in the previous year, the business posted $1.44 EPS. Celanese’s revenue was up 8.7% on a year-over-year basis. Celanese has set its Q3 2026 guidance at 1.350-1.750 EPS. As a group, equities analysts predict that Celanese Corporation will post 5.94 earnings per share for the current year.

Celanese Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 10th. Investors of record on Tuesday, July 28th were issued a $0.03 dividend. The ex-dividend date was Tuesday, July 28th. This represents a $0.12 dividend on an annualized basis and a yield of 0.3%. Celanese’s dividend payout ratio is currently -1.12%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on CE shares. Mizuho set a $50.00 price target on shares of Celanese in a research note on Wednesday, August 5th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Celanese in a research note on Tuesday, May 26th. Wall Street Zen downgraded shares of Celanese from a “buy” rating to a “hold” rating in a report on Saturday, June 20th. JPMorgan Chase & Co. raised their target price on shares of Celanese from $53.00 to $68.00 and gave the stock an “overweight” rating in a research note on Thursday, May 7th. Finally, Morgan Stanley lowered their target price on Celanese from $72.00 to $58.00 and set an “equal weight” rating on the stock in a report on Thursday, July 16th. Nine analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $63.47.

Insider Buying and Selling

In other Celanese news, SVP Mark Christopher Murray acquired 2,153 shares of the stock in a transaction that occurred on Tuesday, August 11th. The stock was bought at an average cost of $45.52 per share, for a total transaction of $98,004.56. Following the completion of the transaction, the senior vice president owned 30,432 shares of the company’s stock, valued at approximately $1,385,264.64. The trade was a 7.61% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.34% of the company’s stock.

Celanese 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.