Celanese Corporation $CE Shares Sold by Citigroup Inc.

Citigroup Inc. trimmed its position in shares of Celanese Corporation (NYSE:CE) by 36.2% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 60,485 shares of the basic materials company’s stock after selling 34,272 shares during the period. Citigroup Inc. owned approximately 0.06% of Celanese worth $2,545,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the company. Geneos Wealth Management Inc. lifted its stake 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. SBI Securities Co. Ltd. grew its stake 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 buying an additional 222 shares in the last quarter. Smartleaf Asset Management LLC raised its holdings in shares of Celanese by 100.0% during the 2nd quarter. Smartleaf Asset Management LLC now owns 662 shares of the basic materials company’s stock valued at $38,000 after buying an additional 331 shares during the period. Salomon & Ludwin LLC purchased a new stake in shares of Celanese during the 3rd quarter valued at about $36,000. Finally, Versant Capital Management Inc lifted its position in Celanese by 140.4% during the 3rd quarter. Versant Capital Management Inc now owns 827 shares of the basic materials company’s stock worth $35,000 after acquiring an additional 483 shares in the last quarter. 98.87% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Celanese

In related news, CFO Chuck Kyrish acquired 5,000 shares of Celanese stock in a transaction that occurred on Tuesday, December 9th. The stock was acquired 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 trade represents a 84.55% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.33% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. JPMorgan Chase & Co. lifted their price objective on shares of Celanese from $40.00 to $53.00 and gave the company a “neutral” rating in a research note on Thursday, February 19th. Royal Bank Of Canada raised their price target on shares of Celanese from $48.00 to $55.00 and gave the company a “sector perform” rating in a report on Monday, February 23rd. Mizuho lifted their price target on shares of Celanese from $45.00 to $55.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 18th. UBS Group boosted their price objective on shares of Celanese from $50.00 to $56.00 and gave the stock a “neutral” rating in a report on Thursday, February 19th. Finally, Evercore set a $63.00 price objective on shares of Celanese in a research report on Wednesday, February 18th. 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 presently has a consensus rating of “Hold” and a consensus target price of $59.35.

Celanese Trading Down 6.2%

NYSE CE opened at $49.27 on Friday. The company has a market capitalization of $5.40 billion, a price-to-earnings ratio of -4.65, a price-to-earnings-growth ratio of 0.38 and a beta of 1.07. The company has a debt-to-equity ratio of 2.55, a current ratio of 1.55 and a quick ratio of 0.94. Celanese Corporation has a 12 month low of $35.13 and a 12 month high of $63.55. The company’s fifty day moving average price is $49.24 and its two-hundred day moving average price is $44.62.

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

Celanese Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 10th. Investors of record on Tuesday, February 24th will be paid a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date is Tuesday, February 24th. Celanese’s payout ratio is currently -1.13%.

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.