KLP Kapitalforvaltning AS Has $1.21 Million Stock Holdings in Celanese Corporation $CE

KLP Kapitalforvaltning AS grew its position in Celanese Corporation (NYSE:CE) by 3.8% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 21,900 shares of the basic materials company’s stock after purchasing an additional 800 shares during the period. KLP Kapitalforvaltning AS’s holdings in Celanese were worth $1,212,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of CE. 111 Capital acquired a new stake in shares of Celanese during the second quarter worth $205,000. Philip James Wealth Mangement LLC raised its holdings in shares of Celanese by 13.5% during the second quarter. Philip James Wealth Mangement LLC now owns 8,423 shares of the basic materials company’s stock worth $466,000 after acquiring an additional 1,004 shares during the period. SOA Wealth Advisors LLC. acquired a new stake in shares of Celanese during the second quarter worth $50,000. HB Wealth Management LLC acquired a new stake in shares of Celanese during the second quarter worth $340,000. Finally, Sage Rhino Capital LLC raised its holdings in shares of Celanese by 4.5% during the second quarter. Sage Rhino Capital LLC now owns 5,058 shares of the basic materials company’s stock worth $280,000 after acquiring an additional 220 shares during the period. 98.87% of the stock is currently owned by institutional investors and hedge funds.

Celanese Stock Performance

Shares of CE stock opened at $40.84 on Wednesday. The company has a market capitalization of $4.47 billion, a price-to-earnings ratio of -2.76, a PEG ratio of 1.82 and a beta of 1.13. The company has a debt-to-equity ratio of 2.22, a quick ratio of 1.22 and a current ratio of 2.05. The company has a 50-day simple moving average of $44.54 and a 200 day simple moving average of $49.27. Celanese Corporation has a 52 week low of $36.29 and a 52 week high of $136.68.

Celanese (NYSE:CE) last announced its 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. The business had revenue of $2.53 billion during the quarter, compared to the consensus estimate of $2.50 billion. Celanese had a negative net margin of 16.30% and a positive return on equity of 10.48%. Celanese’s revenue was down 4.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.38 EPS. Celanese has set its Q3 2025 guidance at 1.100-1.400 EPS. On average, sell-side analysts predict that Celanese Corporation will post 8.79 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. KeyCorp dropped their price objective on shares of Celanese from $77.00 to $70.00 and set an “overweight” rating on the stock in a report on Wednesday, August 13th. Citigroup upgraded shares of Celanese from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $47.00 to $53.00 in a report on Thursday, October 2nd. Alembic Global Advisors set a $60.00 price objective on shares of Celanese in a report on Monday, August 25th. Bank of America dropped their price objective on shares of Celanese from $59.00 to $57.00 and set a “buy” rating on the stock in a report on Tuesday. Finally, Zacks Research lowered shares of Celanese from a “hold” rating to a “strong sell” rating in a research note on Thursday, August 14th. Seven analysts have rated the stock with a Buy rating, ten have issued a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $56.11.

Insider Activity at Celanese

In related news, Director Timothy Go bought 1,039 shares of Celanese stock in a transaction that occurred on Monday, September 8th. The stock was acquired at an average price of $46.25 per share, with a total value of $48,053.75. Following the acquisition, 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 position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.26% of the company’s stock.

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.