MetLife Investment Management LLC Has $180,000 Stock Position in Celanese Corporation $CE

Key Points

• MetLife Investment Management LLC significantly reduced its holdings in Celanese Corporation by 89.5%, now owning only 3,171 shares after selling 26,978 shares.
• Celanese reported a quarterly earnings per share of $1.44, outperforming expectations, although its revenue decreased by 4.5% compared to the previous year.
• Analysts have varied ratings on Celanese, with six giving a Buy rating, eleven a Hold rating, and two a Sell rating, reflecting diverse market opinions on the stock’s outlook.

MetLife Investment Management LLC reduced its position in shares of Celanese Corporation (NYSE:CE - Free Report) by 89.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,171 shares of the basic materials company's stock after selling 26,978 shares during the period. MetLife Investment Management LLC's holdings in Celanese were worth $180,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the company. Focus Partners Wealth lifted its holdings in Celanese by 3.9% during the 4th quarter. Focus Partners Wealth now owns 4,197 shares of the basic materials company's stock worth $291,000 after purchasing an additional 156 shares during the last quarter. Strengthening Families & Communities LLC lifted its holdings in Celanese by 73.2% during the 1st quarter. Strengthening Families & Communities LLC now owns 440 shares of the basic materials company's stock worth $25,000 after purchasing an additional 186 shares during the last quarter. Tidal Investments LLC lifted its holdings in Celanese by 6.8% during the 4th quarter. Tidal Investments LLC now owns 3,263 shares of the basic materials company's stock worth $226,000 after purchasing an additional 209 shares during the last quarter. Nissay Asset Management Corp Japan ADV lifted its holdings in Celanese by 1.8% during the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 13,442 shares of the basic materials company's stock worth $924,000 after purchasing an additional 242 shares during the last quarter. Finally, Janus Henderson Group PLC lifted its holdings in Celanese by 1.8% during the 4th quarter. Janus Henderson Group PLC now owns 14,024 shares of the basic materials company's stock worth $971,000 after purchasing an additional 251 shares during the last quarter. 98.87% of the stock is owned by institutional investors and hedge funds.

Celanese Price Performance

Celanese stock traded down $1.17 during mid-day trading on Friday, reaching $45.70. 1,014,011 shares of the company were exchanged, compared to its average volume of 1,859,887. The company has a fifty day simple moving average of $50.72 and a 200-day simple moving average of $51.16. 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 cap of $5.00 billion, a PE ratio of -3.08, a PEG ratio of 2.06 and a beta of 1.11.

Celanese (NYSE:CE - Get Free Report) last posted its quarterly earnings data 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. Celanese had a positive return on equity of 10.48% and a negative net margin of 16.30%.The firm had revenue of $2.53 billion for the quarter, compared to analyst estimates of $2.50 billion. During the same quarter last year, the company earned $2.38 EPS. The company's revenue was down 4.5% on a year-over-year basis. Celanese has set its Q3 2025 guidance at 1.100-1.400 EPS. As a group, equities research analysts expect that Celanese Corporation will post 8.79 earnings per share for the current fiscal year.

Celanese Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, August 11th. Stockholders of record on Tuesday, July 29th were issued a dividend of $0.03 per share. The ex-dividend date of this dividend was Tuesday, July 29th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.3%. Celanese's payout ratio is -0.81%.

Insider Activity at Celanese

In other Celanese news, Director Timothy Go purchased 1,039 shares of the stock in a transaction dated Monday, September 8th. The stock was bought 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 ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 0.33% of the company's stock.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Wells Fargo & Company dropped their price target on Celanese from $72.00 to $60.00 and set an "overweight" rating for the company in a report on Wednesday, August 13th. Citigroup lifted their price target on Celanese from $52.00 to $65.00 and gave the stock a "neutral" rating in a report on Thursday, July 10th. KeyCorp dropped their price target on Celanese from $77.00 to $70.00 and set an "overweight" rating for the company in a report on Wednesday, August 13th. Mizuho raised their price objective on Celanese from $50.00 to $59.00 and gave the stock a "neutral" rating in a research note on Tuesday, July 15th. Finally, Alembic Global Advisors set a $60.00 price objective on Celanese in a research note on Monday, August 25th. Six research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $57.22.

Celanese 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.