20,490 Shares in Celanese Corporation $CE Purchased by First Citizens Bank & Trust Co.

First Citizens Bank & Trust Co. purchased a new stake in Celanese Corporation (NYSE:CE) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 20,490 shares of the basic materials company’s stock, valued at approximately $1,348,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. JPMorgan Chase & Co. lifted its holdings in Celanese by 12.8% in 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. Capital Research Global Investors raised its position in shares of Celanese by 24.0% during the 4th quarter. Capital Research Global Investors now owns 5,565,556 shares of the basic materials company’s stock worth $235,312,000 after purchasing an additional 1,076,645 shares during the period. QSM Asset Management Ltd raised its position in shares of Celanese by 102.2% during the 4th quarter. QSM Asset Management Ltd now owns 84,698 shares of the basic materials company’s stock worth $3,581,000 after purchasing an additional 42,800 shares during the period. Hsbc Holdings PLC lifted its holdings in shares of Celanese by 208.3% in the 4th quarter. Hsbc Holdings PLC now owns 105,435 shares of the basic materials company’s stock worth $4,460,000 after purchasing an additional 71,238 shares during the last quarter. Finally, U.S. Capital Wealth Advisors LLC lifted its holdings in shares of Celanese by 113.1% in the 4th quarter. U.S. Capital Wealth Advisors LLC now owns 152,291 shares of the basic materials company’s stock worth $6,439,000 after purchasing an additional 80,827 shares during the last quarter. 98.87% of the stock is owned by hedge funds and other institutional investors.

Celanese Trading Down 1.9%

NYSE:CE opened at $47.43 on Friday. The company’s 50 day moving average is $50.20 and its 200-day moving average is $54.00. The company has a quick ratio of 0.85, a current ratio of 1.38 and a debt-to-equity ratio of 2.41. Celanese Corporation has a 12 month low of $35.13 and a 12 month high of $70.70. The firm has a market cap of $5.20 billion, a price-to-earnings ratio of -4.74, a P/E/G ratio of 0.27 and a beta of 0.76.

Celanese (NYSE:CE) last announced its earnings results on Tuesday, May 5th. The basic materials company reported $0.85 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.88 by ($0.03). The company had revenue of $2.34 billion for the quarter, compared to the consensus estimate of $2.34 billion. Celanese had a positive return on equity of 9.92% and a negative net margin of 11.54%.The company’s revenue was down 2.2% compared to the same quarter last year. During the same period last year, the firm posted $0.57 EPS. 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 Dividend Announcement

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

Wall Street Analyst Weigh In

A number of research firms recently issued reports on CE. Wells Fargo & Company lifted their target price on Celanese from $75.00 to $80.00 and gave the stock an “overweight” rating in a report on Friday, May 8th. BMO Capital Markets reduced their price objective on shares of Celanese from $80.00 to $57.00 and set a “market perform” rating for the company in a research report on Monday, July 6th. Citigroup lowered their price objective on shares of Celanese from $80.00 to $68.00 and set a “buy” rating on the stock in a research note on Wednesday, June 24th. UBS Group boosted their target price on shares of Celanese from $58.00 to $64.00 and gave the stock a “neutral” rating in a report on Thursday, April 9th. Finally, Robert W. Baird raised their target price on shares of Celanese from $65.00 to $75.00 and gave the stock an “outperform” rating in a report on Friday, March 27th. Ten equities 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 MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $65.94.

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.