Celanese Corporation $CE Shares Sold by State of Alaska Department of Revenue

State of Alaska Department of Revenue trimmed its position in Celanese Corporation (NYSE:CE - Free Report) by 36.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 65,163 shares of the basic materials company's stock after selling 37,405 shares during the quarter. State of Alaska Department of Revenue owned about 0.06% of Celanese worth $3,605,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Dodge & Cox boosted its holdings in Celanese by 13.0% in the 1st quarter. Dodge & Cox now owns 15,391,416 shares of the basic materials company's stock valued at $873,771,000 after purchasing an additional 1,773,354 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in shares of Celanese by 134.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 3,566,226 shares of the basic materials company's stock worth $202,455,000 after acquiring an additional 2,044,662 shares during the last quarter. Fuller & Thaler Asset Management Inc. lifted its holdings in shares of Celanese by 35.0% in the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 3,164,150 shares of the basic materials company's stock worth $179,629,000 after acquiring an additional 819,489 shares during the last quarter. Federated Hermes Inc. lifted its holdings in shares of Celanese by 9,132.0% in the 1st quarter. Federated Hermes Inc. now owns 1,801,349 shares of the basic materials company's stock worth $102,263,000 after acquiring an additional 1,781,837 shares during the last quarter. Finally, Brandywine Global Investment Management LLC lifted its holdings in shares of Celanese by 32.7% in the 1st quarter. Brandywine Global Investment Management LLC now owns 1,265,895 shares of the basic materials company's stock worth $71,865,000 after acquiring an additional 312,093 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 $42.13 on Wednesday. Celanese Corporation has a twelve month low of $36.29 and a twelve month high of $137.38. The firm's fifty day simple moving average is $46.90 and its 200-day simple moving average is $50.35. The firm has a market capitalization of $4.61 billion, a price-to-earnings ratio of -2.84, a PEG ratio of 1.85 and a beta of 1.11. The company has a current ratio of 2.05, a quick ratio of 1.22 and a debt-to-equity ratio of 2.22.

Celanese (NYSE:CE - Get Free Report) last announced its quarterly earnings data on Monday, August 11th. The basic materials company reported $1.44 earnings per share for the quarter, beating analysts' consensus estimates of $1.38 by $0.06. Celanese had a negative net margin of 16.30% and a positive return on equity of 10.48%. The business had revenue of $2.53 billion for the quarter, compared to analyst estimates of $2.50 billion. During the same period last year, the business 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. Equities analysts forecast that Celanese Corporation will post 8.79 EPS for the current fiscal year.

Celanese Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, August 11th. Investors of record on Tuesday, July 29th were given a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date of this dividend was Tuesday, July 29th. Celanese's dividend payout ratio (DPR) is -0.81%.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on CE shares. KeyCorp decreased 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. Mizuho upped their price objective on shares of Celanese from $50.00 to $59.00 and gave the stock a "neutral" rating in a report on Tuesday, July 15th. Cfra Research upgraded shares of Celanese to a "moderate sell" rating in a report on Tuesday, August 12th. Wells Fargo & Company decreased their price objective on shares of Celanese from $60.00 to $57.00 and set an "overweight" rating on the stock in a report on Tuesday. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Celanese from $47.00 to $40.00 and set a "neutral" rating on the stock in a report on Thursday, August 14th. Six analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have given a Sell rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $57.06.

Insider Activity at Celanese

In related news, Director Timothy Go bought 1,039 shares of the company's stock in a transaction that occurred on Monday, September 8th. The shares were purchased at an average cost of $46.25 per share, with a total value of $48,053.75. Following the transaction, the director directly 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 document filed with the SEC, which can be accessed through the SEC website. 0.26% of the stock is owned by company insiders.

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.

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