Robinhood Asset Management LLC Takes $6.58 Million Position in Celanese Corporation $CE

Robinhood Asset Management LLC purchased a new position in Celanese Corporation (NYSE:CE) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 143,073 shares of the basic materials company’s stock, valued at approximately $6,581,000.

Several other institutional investors also recently bought and sold shares of CE. Geneos Wealth Management Inc. increased its stake in Celanese by 111.1% during the 2nd quarter. Geneos Wealth Management Inc. now owns 513 shares of the basic materials company’s stock valued at $28,000 after purchasing an additional 270 shares in the last quarter. National Bank of Canada FI purchased a new position in Celanese in the third quarter worth about $34,000. Smartleaf Asset Management LLC lifted its stake in shares of Celanese by 100.0% in the second quarter. Smartleaf Asset Management LLC now owns 662 shares of the basic materials company’s stock worth $38,000 after buying an additional 331 shares in the last quarter. 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 valued at $38,000 after buying an additional 571 shares during the last quarter. Finally, Kestra Advisory Services LLC purchased a new stake in shares of Celanese during the fourth quarter valued at approximately $41,000. 98.87% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

CE has been the subject of a number of recent analyst reports. BMO Capital Markets decreased their price objective on shares of Celanese from $57.00 to $54.00 and set a “market perform” rating for the company in a report on Wednesday, August 5th. Wall Street Zen downgraded Celanese from a “buy” rating to a “hold” rating in a research note on Saturday, June 20th. Wells Fargo & Company reduced their target price on Celanese from $80.00 to $65.00 and set an “overweight” rating for the company in a report on Thursday, August 6th. JPMorgan Chase & Co. boosted their price target on Celanese from $53.00 to $68.00 and gave the stock an “overweight” rating in a research note on Thursday, May 7th. Finally, Deutsche Bank Aktiengesellschaft set a $50.00 price target on Celanese in a report on Thursday, August 6th. Nine research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $63.47.

Insider Activity

In other news, SVP Mark Christopher Murray acquired 2,153 shares of the business’s stock in a transaction that occurred on Tuesday, August 11th. The stock was bought at an average price of $45.52 per share, with a total value of $98,004.56. Following the completion of the acquisition, the senior vice president directly 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 purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.34% of the stock is currently owned by company insiders.

Celanese Stock Performance

Shares of CE stock opened at $46.86 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 company has a 50 day moving average price of $46.70 and a 200-day moving average price of $53.79. Celanese Corporation has a 52 week low of $35.13 and a 52 week high of $70.70. The firm has a market capitalization of $5.14 billion, a PE ratio of -4.38, a P/E/G ratio of 0.31 and a beta of 0.76.

Celanese (NYSE:CE) last issued its earnings results on Tuesday, August 4th. The basic materials company reported $2.45 earnings per share (EPS) for the quarter, topping 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 analysts’ expectations of $2.75 billion. During the same quarter last year, the company posted $1.44 earnings per share. The firm’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. As a group, equities research analysts expect that Celanese Corporation will post 5.94 earnings per share for the current year.

Celanese Dividend Announcement

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

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.