Celanese Corporation $CE Shares Acquired by E. Ohman J or Asset Management AB

E. Ohman J or Asset Management AB lifted its position in Celanese Corporation (NYSE:CE) by 25.9% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 66,838 shares of the basic materials company’s stock after buying an additional 13,754 shares during the quarter. E. Ohman J or Asset Management AB’s holdings in Celanese were worth $4,396,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Deseret Mutual Benefit Administrators boosted its holdings in Celanese by 20.7% during the 4th quarter. Deseret Mutual Benefit Administrators now owns 1,399 shares of the basic materials company’s stock valued at $59,000 after acquiring an additional 240 shares during the period. Blue Trust Inc. increased its stake in Celanese by 8.9% during the fourth quarter. Blue Trust Inc. now owns 3,244 shares of the basic materials company’s stock worth $137,000 after purchasing an additional 265 shares during the period. Geneos Wealth Management Inc. lifted 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. Bank of Montreal Can lifted its position in shares of Celanese by 1.3% during the fourth quarter. Bank of Montreal Can now owns 22,723 shares of the basic materials company’s stock worth $961,000 after purchasing an additional 288 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund boosted its stake in shares of Celanese by 1.2% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 25,015 shares of the basic materials company’s stock valued at $1,058,000 after purchasing an additional 300 shares during the period. Institutional investors and hedge funds own 98.87% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. Vertical Research upgraded shares of Celanese from a “hold” rating to a “buy” rating and set a $60.00 price objective for the company in a report on Monday, March 9th. Tudor Pickering raised shares of Celanese from a “hold” rating to a “buy” rating in a research report on Monday, March 9th. Morgan Stanley boosted their price objective on Celanese from $50.00 to $72.00 and gave the stock an “equal weight” rating in a research report on Tuesday, May 5th. Robert W. Baird boosted their target price on shares of Celanese from $65.00 to $75.00 and gave the stock an “outperform” rating in a research note on Friday, March 27th. Finally, Royal Bank Of Canada increased their target price on Celanese from $66.00 to $68.00 and gave the company a “sector perform” rating in a report on Monday, May 11th. Ten research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $67.81.

Celanese Stock Down 0.0%

CE stock opened at $51.13 on Friday. The stock has a market cap of $5.61 billion, a P/E ratio of -5.11, a PEG ratio of 0.31 and a beta of 0.73. 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 twelve month low of $35.13 and a twelve month high of $70.70. The company’s 50 day moving average is $58.01 and its two-hundred day moving average is $53.03.

Celanese (NYSE:CE) last issued its earnings results on Tuesday, May 5th. The basic materials company reported $0.85 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.88 by ($0.03). The company had revenue of $2.34 billion during the quarter, compared to analyst estimates of $2.34 billion. Celanese had a negative net margin of 11.54% and a positive return on equity of 9.92%. The company’s quarterly revenue was down 2.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.57 EPS. Celanese has set its Q2 2026 guidance at 2.000-2.400 EPS. Research analysts expect that Celanese Corporation will post 5.8 earnings per share for the current fiscal year.

Celanese Dividend Announcement

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

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.