Parallel Advisors LLC Increases Position in Celanese Corporation $CE

Parallel Advisors LLC boosted its holdings in shares of Celanese Corporation (NYSE:CE) by 53.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,467 shares of the basic materials company’s stock after acquiring an additional 513 shares during the period. Parallel Advisors LLC’s holdings in Celanese were worth $81,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD grew its stake in shares of Celanese by 134.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 3,566,226 shares of the basic materials company’s stock valued at $202,455,000 after buying an additional 2,044,662 shares during the period. Federated Hermes Inc. boosted its position in shares of Celanese by 9,132.0% during the 1st quarter. Federated Hermes Inc. now owns 1,801,349 shares of the basic materials company’s stock worth $102,263,000 after purchasing an additional 1,781,837 shares during the period. Dodge & Cox boosted its position in shares of Celanese by 13.0% during the 1st quarter. Dodge & Cox now owns 15,391,416 shares of the basic materials company’s stock worth $873,771,000 after purchasing an additional 1,773,354 shares during the period. Fuller & Thaler Asset Management Inc. boosted its position in shares of Celanese by 35.0% during the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 3,164,150 shares of the basic materials company’s stock worth $179,629,000 after purchasing an additional 819,489 shares during the period. Finally, Samlyn Capital LLC lifted its holdings in Celanese by 379.1% during the 1st quarter. Samlyn Capital LLC now owns 1,015,938 shares of the basic materials company’s stock worth $57,675,000 after buying an additional 803,868 shares in the last quarter. Hedge funds and other institutional investors own 98.87% of the company’s stock.

Insider Buying and Selling

In related news, Director Timothy Go purchased 1,039 shares of the business’s stock in a transaction that occurred on Monday, September 8th. The shares were purchased at an average cost of $46.25 per share, for a total transaction of $48,053.75. Following the purchase, the director directly owned 4,415 shares of the company’s stock, valued at $204,193.75. The trade was a 30.78% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.33% of the stock is owned by corporate insiders.

Celanese Price Performance

Shares of NYSE:CE opened at $42.36 on Thursday. The company’s fifty day moving average price is $48.28 and its 200 day moving average price is $50.75. Celanese Corporation has a 12 month low of $36.29 and a 12 month high of $142.54. The company has a debt-to-equity ratio of 2.22, a current ratio of 2.05 and a quick ratio of 1.22. The firm has a market capitalization of $4.64 billion, a P/E ratio of -2.86, a P/E/G ratio of 1.93 and a beta of 1.11.

Celanese (NYSE:CE) last announced its quarterly earnings results on Monday, August 11th. The basic materials company reported $1.44 EPS for the quarter, topping the consensus estimate of $1.38 by $0.06. Celanese had a negative net margin of 16.30% and a positive return on equity of 10.48%. The firm had revenue of $2.53 billion for the quarter, compared to analyst estimates of $2.50 billion. During the same period last year, the business earned $2.38 EPS. Celanese’s revenue for the quarter was down 4.5% compared to the same quarter last year. Celanese has set its Q3 2025 guidance at 1.100-1.400 EPS. As a group, sell-side analysts predict that Celanese Corporation will post 8.79 earnings per share for the current fiscal year.

Celanese Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, August 11th. Investors of record on Tuesday, July 29th were paid a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a yield of 0.3%. The ex-dividend date was Tuesday, July 29th. Celanese’s dividend payout ratio (DPR) is currently -0.81%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on CE shares. Mizuho increased their target price on shares of Celanese from $50.00 to $59.00 and gave the stock a “neutral” rating in a report on Tuesday, July 15th. BMO Capital Markets reduced their target price on shares of Celanese from $55.00 to $47.00 and set a “market perform” rating on the stock in a report on Thursday, August 14th. Royal Bank Of Canada reduced their target price on shares of Celanese from $63.00 to $45.00 and set a “sector perform” rating on the stock in a report on Thursday, August 14th. Bank of America reduced their target price on shares of Celanese from $65.00 to $59.00 and set a “buy” rating on the stock in a report on Wednesday, August 13th. Finally, JPMorgan Chase & Co. reduced their target price on shares of Celanese from $47.00 to $40.00 and set a “neutral” rating on the stock in a report on Thursday, August 14th. Six investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $57.22.

Celanese Company Profile

Celanese Corporation, a chemical and specialty materials company, manufactures and sells high performance engineered polymers in the United States and internationally. It operates through Engineered Materials and Acetyl Chain. The Engineered Materials segment develops, produces, and supplies specialty polymers for automotive and medical applications, as well as for use in industrial products and consumer electronics.