Celanese Corporation $CE Shares Purchased by Engineers Gate Manager LP

Engineers Gate Manager LP lifted its stake in Celanese Corporation (NYSE:CE - Free Report) by 2,657.4% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 124,083 shares of the basic materials company's stock after purchasing an additional 119,583 shares during the quarter. Engineers Gate Manager LP owned about 0.11% of Celanese worth $5,708,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Celanese by 41.7% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 32,450 shares of the basic materials company's stock valued at $1,842,000 after buying an additional 9,543 shares during the last quarter. NewEdge Advisors LLC lifted its position in Celanese by 265.2% during the 1st quarter. NewEdge Advisors LLC now owns 5,032 shares of the basic materials company's stock worth $286,000 after acquiring an additional 3,654 shares during the period. EverSource Wealth Advisors LLC grew its stake in Celanese by 144.9% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,276 shares of the basic materials company's stock valued at $71,000 after purchasing an additional 755 shares during the last quarter. Baird Financial Group Inc. increased its holdings in shares of Celanese by 42.1% in the second quarter. Baird Financial Group Inc. now owns 7,768 shares of the basic materials company's stock valued at $430,000 after purchasing an additional 2,303 shares during the period. Finally, California Public Employees Retirement System raised its stake in shares of Celanese by 6.5% in the second quarter. California Public Employees Retirement System now owns 184,980 shares of the basic materials company's stock worth $10,235,000 after purchasing an additional 11,347 shares during the last quarter. Hedge funds and other institutional investors own 98.87% of the company's stock.

More Celanese News

Here are the key news stories impacting Celanese this week:

• Positive Sentiment: KeyCorp upgraded Celanese to “Strong Buy,” reinforcing its bullish view on the chemicals company. KeyCorp maintains a $57 price target, implying meaningful upside from current levels. Celanese upgraded by KeyCorp
• Positive Sentiment: KeyCorp’s earnings outlook points to a recovery. The firm estimates $1.56 in third-quarter 2026 EPS, $1.19 in the fourth quarter, $6.10 for fiscal 2027 and $6.70 for fiscal 2028. The longer-term estimates exceed the current full-year consensus of $5.99, supporting the case that earnings could improve over time.
• Positive Sentiment: Unusually heavy call-option activity signals increased speculative interest in Celanese. Traders purchased 10,136 calls, roughly 410% above typical volume, suggesting some market participants are positioning for a rebound, though options activity is not a fundamental indicator.
• Neutral Sentiment: Celanese is selling another 19% of Nutrinova for $152 million, reducing its ownership stake to 11%. The proceeds could help the highly leveraged company pay down debt, but the transaction also reduces exposure to a business that could provide future growth. Celanese selling another 19% of Nutrinova
• Negative Sentiment: Recent coverage highlighted weakness following second-quarter 2026 results and the Nutrinova stake sale. Investors may remain cautious until Celanese demonstrates sustained earnings improvement and debt reduction. Celanese stock edges lower after earnings and Nutrinova sale

Celanese Stock Performance

Shares of CE opened at $46.18 on Friday. The company has a debt-to-equity ratio of 2.33, a quick ratio of 0.87 and a current ratio of 1.45. Celanese Corporation has a 1 year low of $35.13 and a 1 year high of $70.70. The stock has a market capitalization of $5.07 billion, a PE ratio of -4.32, a PEG ratio of 0.30 and a beta of 0.76. The stock has a 50-day simple moving average of $45.52 and a 200-day simple moving average of $52.76.

Celanese (NYSE:CE - Get Free Report) last announced its quarterly earnings data on Tuesday, August 4th. The basic materials company reported $2.45 EPS for the quarter, beating analysts' consensus estimates of $2.23 by $0.22. The company had revenue of $2.75 billion for the quarter, compared to the consensus estimate of $2.75 billion. Celanese had a negative net margin of 12.04% and a positive return on equity of 13.04%. The company's quarterly revenue was up 8.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.44 EPS. Celanese has set its Q3 2026 guidance at 1.350-1.750 EPS. On average, analysts predict that Celanese Corporation will post 5.99 earnings per share for the current fiscal year.

Celanese Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 10th. Stockholders of record on Tuesday, July 28th were issued a $0.03 dividend. The ex-dividend date was Tuesday, July 28th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.3%. Celanese's dividend payout ratio is presently -1.12%.

Insider Activity at Celanese

In related news, SVP Mark Murray purchased 2,153 shares of the business's stock in a transaction that occurred on Tuesday, August 11th. The shares were purchased at an average cost of $45.52 per share, for a total transaction of $98,004.56. Following the purchase, the senior vice president directly owned 30,432 shares of the company's stock, valued at $1,385,264.64. The trade was a 7.61% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.34% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on CE. Citigroup dropped their price target on Celanese from $80.00 to $68.00 and set a "buy" rating for the company in a research report on Wednesday, June 24th. Deutsche Bank Aktiengesellschaft set a $50.00 price target on shares of Celanese in a research report on Thursday, August 6th. Wells Fargo & Company cut their price objective on shares of Celanese from $80.00 to $65.00 and set an "overweight" rating for the company in a research report on Thursday, August 6th. Mizuho set a $50.00 target price on Celanese in a research report on Wednesday, August 5th. Finally, Weiss Ratings restated a "sell (d-)" rating on shares of Celanese in a report on Friday, August 21st. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $63.27.

About Celanese

Celanese Corporation is a global chemical and specialty materials company headquartered in Irving, Texas. The company develops and manufactures engineered polymers, specialty chemicals and other materials used in a broad range of industries, including automotive, medical, electronics, consumer products, industrial equipment, coatings and packaging.

Celanese operates through two primary businesses: Engineered Materials and the Acetyl Chain. Its engineered materials portfolio includes high-performance thermoplastics, engineered polymers and other specialty compounds used to replace metal and conventional materials in demanding applications.

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