Farther Finance Advisors LLC Has $36,000 Holdings in Celanese Corporation $CE

Farther Finance Advisors LLC lowered its stake in Celanese Corporation (NYSE:CE) by 54.3% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 654 shares of the basic materials company’s stock after selling 777 shares during the period. Farther Finance Advisors LLC’s holdings in Celanese were worth $36,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. CX Institutional lifted its position in shares of Celanese by 39.4% in the second quarter. CX Institutional now owns 2,347 shares of the basic materials company’s stock worth $130,000 after buying an additional 663 shares during the last quarter. Assenagon Asset Management S.A. lifted its position in shares of Celanese by 52.8% during the 2nd quarter. Assenagon Asset Management S.A. now owns 137,060 shares of the basic materials company’s stock worth $7,584,000 after purchasing an additional 47,378 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in shares of Celanese by 9.4% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 46,209 shares of the basic materials company’s stock worth $2,813,000 after purchasing an additional 3,984 shares during the last quarter. Wedmont Private Capital acquired a new position in shares of Celanese during the 2nd quarter worth about $202,000. Finally, Sovran Advisors LLC lifted its position in shares of Celanese by 14.7% during the 2nd quarter. Sovran Advisors LLC now owns 6,639 shares of the basic materials company’s stock worth $401,000 after purchasing an additional 852 shares during the last quarter. Institutional investors and hedge funds own 98.87% of the company’s stock.

Insider Buying and Selling

In other news, Director Timothy Go acquired 1,039 shares of the firm’s stock in a transaction 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 transaction, the director owned 4,415 shares of the company’s stock, valued at approximately $204,193.75. This represents a 30.78% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.26% of the company’s stock.

Celanese Stock Down 3.6%

NYSE CE opened at $42.71 on Wednesday. The firm has a market cap of $4.68 billion, a PE ratio of -2.88, a price-to-earnings-growth ratio of 2.01 and a beta of 1.13. Celanese Corporation has a one year low of $36.29 and a one year high of $137.36. The stock’s 50 day simple moving average is $45.48 and its 200 day simple moving average is $49.88. The company has a debt-to-equity ratio of 2.22, a current ratio of 2.05 and a quick ratio of 1.22.

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

Celanese Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 11th. Shareholders of record on Tuesday, July 29th were given a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date was Tuesday, July 29th. Celanese’s dividend payout ratio (DPR) is presently -0.81%.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on CE shares. Zacks Research cut Celanese from a “hold” rating to a “strong sell” rating in a research report on Thursday, August 14th. Royal Bank Of Canada lowered their price target on Celanese from $63.00 to $45.00 and set a “sector perform” rating on the stock in a research note on Thursday, August 14th. Bank of America lowered their price target on Celanese from $65.00 to $59.00 and set a “buy” rating on the stock in a research note on Wednesday, August 13th. JPMorgan Chase & Co. lowered their price target on Celanese from $47.00 to $40.00 and set a “neutral” rating on the stock in a research note on Thursday, August 14th. Finally, Citigroup upgraded Celanese from a “neutral” rating to a “buy” rating and boosted their price target for the company from $47.00 to $53.00 in a research note on Thursday, October 2nd. Seven research analysts have rated the stock with a Buy rating, ten have given a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $56.33.

About Celanese

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.