Celanese Corporation $CE Shares Sold by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. lessened its holdings in shares of Celanese Corporation (NYSE:CE) by 25.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 56,335 shares of the basic materials company’s stock after selling 18,855 shares during the quarter. Envestnet Asset Management Inc. owned approximately 0.05% of Celanese worth $2,371,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Geneos Wealth Management Inc. grew its stake in Celanese by 111.1% during the 2nd quarter. Geneos Wealth Management Inc. now owns 513 shares of the basic materials company’s stock valued at $28,000 after acquiring an additional 270 shares in the last quarter. SBI Securities Co. Ltd. grew its position in shares of Celanese by 55.4% in the second quarter. SBI Securities Co. Ltd. now owns 623 shares of the basic materials company’s stock valued at $34,000 after purchasing an additional 222 shares in the last quarter. Smartleaf Asset Management LLC grew its position in shares of Celanese by 100.0% in the second quarter. Smartleaf Asset Management LLC now owns 662 shares of the basic materials company’s stock valued at $38,000 after purchasing an additional 331 shares in the last quarter. Salomon & Ludwin LLC acquired a new stake in shares of Celanese in the third quarter valued at approximately $36,000. Finally, Versant Capital Management Inc boosted its stake in Celanese by 140.4% during the third quarter. Versant Capital Management Inc now owns 827 shares of the basic materials company’s stock worth $35,000 after buying an additional 483 shares during the last quarter. 98.87% of the stock is currently owned by institutional investors and hedge funds.

Celanese Price Performance

Shares of CE opened at $49.13 on Friday. The company has a market cap of $5.38 billion, a P/E ratio of -4.63, a PEG ratio of 0.35 and a beta of 1.12. Celanese Corporation has a fifty-two week low of $35.13 and a fifty-two week high of $63.55. The company has a quick ratio of 0.94, a current ratio of 1.55 and a debt-to-equity ratio of 2.55. The firm’s 50 day moving average price is $48.23 and its 200 day moving average price is $44.31.

Celanese (NYSE:CE) last issued its quarterly earnings results on Tuesday, February 17th. The basic materials company reported $0.67 EPS for the quarter, missing the consensus estimate of $0.89 by ($0.22). Celanese had a negative net margin of 12.15% and a positive return on equity of 8.75%. The business had revenue of $2.20 billion during the quarter, compared to analysts’ expectations of $2.25 billion. During the same period in the prior year, the business earned $1.45 EPS. The business’s quarterly revenue was down 6.5% on a year-over-year basis. Celanese has set its Q1 2026 guidance at 0.700-0.850 EPS. On average, research analysts forecast that Celanese Corporation will post 8.79 earnings per share for the current fiscal year.

Celanese Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 10th. Investors of record on Tuesday, February 24th will be issued a $0.03 dividend. The ex-dividend date of this dividend is Tuesday, February 24th. This represents a $0.12 annualized dividend and a yield of 0.2%. Celanese’s dividend payout ratio (DPR) is -1.13%.

Insider Activity at Celanese

In other Celanese news, CFO Chuck Kyrish bought 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 9th. The shares were purchased at an average price of $41.03 per share, with a total value of $205,150.00. Following the completion of the acquisition, the chief financial officer directly owned 10,914 shares of the company’s stock, valued at $447,801.42. This represents a 84.55% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.33% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on CE shares. Evercore set a $63.00 price target on Celanese in a report on Wednesday, February 18th. Royal Bank Of Canada lifted their target price on shares of Celanese from $48.00 to $55.00 and gave the stock a “sector perform” rating in a research note on Monday. Morgan Stanley assumed coverage on shares of Celanese in a research note on Tuesday, January 20th. They issued an “equal weight” rating and a $50.00 price target for the company. Citigroup raised their price target on shares of Celanese from $63.00 to $75.00 and gave the stock a “buy” rating in a report on Thursday, February 19th. Finally, Tudor Pickering upgraded Celanese from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 11th. Seven equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $59.72.

About Celanese

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.