Citigroup Inc. Sells 49,527 Shares of Celanese Corporation $CE

Citigroup Inc. cut its position in shares of Celanese Corporation (NYSE:CE - Free Report) by 28.6% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 123,877 shares of the basic materials company's stock after selling 49,527 shares during the quarter. Citigroup Inc. owned approximately 0.11% of Celanese worth $7,032,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Sequoia Financial Advisors LLC bought a new position in Celanese during the 1st quarter worth approximately $292,000. Teacher Retirement System of Texas bought a new position in Celanese during the 1st quarter worth approximately $907,000. Mather Group LLC. grew its position in Celanese by 127.0% during the 1st quarter. Mather Group LLC. now owns 622 shares of the basic materials company's stock worth $35,000 after acquiring an additional 348 shares during the last quarter. Amalgamated Bank grew its position in Celanese by 55.1% during the 1st quarter. Amalgamated Bank now owns 33,508 shares of the basic materials company's stock worth $1,902,000 after acquiring an additional 11,905 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC grew its position in Celanese by 20.8% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 42,225 shares of the basic materials company's stock worth $2,397,000 after acquiring an additional 7,275 shares during the last quarter. 98.87% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on CE shares. Royal Bank Of Canada dropped their price objective on Celanese from $63.00 to $45.00 and set a "sector perform" rating for the company in a report on Thursday, August 14th. Mizuho increased their price objective on Celanese from $50.00 to $59.00 and gave the stock a "neutral" rating in a report on Tuesday, July 15th. Robert W. Baird dropped their price objective on Celanese from $67.00 to $50.00 and set an "outperform" rating for the company in a report on Wednesday, August 13th. Wells Fargo & Company dropped their price objective on Celanese from $72.00 to $60.00 and set an "overweight" rating for the company in a report on Wednesday, August 13th. Finally, KeyCorp dropped their price objective on Celanese from $77.00 to $70.00 and set an "overweight" rating for the company in a report on Wednesday, August 13th. Six equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, Celanese presently has a consensus rating of "Hold" and an average target price of $59.94.

Celanese Stock Up 7.2%

CE stock traded up $3.2150 during midday trading on Friday, hitting $47.8950. The stock had a trading volume of 464,318 shares, compared to its average volume of 2,809,281. The business has a 50-day moving average of $53.87 and a two-hundred day moving average of $53.04. The firm has a market cap of $5.24 billion, a price-to-earnings ratio of -3.21, a price-to-earnings-growth ratio of 1.96 and a beta of 1.10. Celanese Corporation has a 52-week low of $36.29 and a 52-week 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.

Celanese (NYSE:CE - Get Free Report) last released its earnings results 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 analysts' expectations of $2.50 billion. During the same period in the prior year, the firm posted $2.38 earnings per share. The company's quarterly 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 forecast that Celanese Corporation will post 8.79 earnings per share for the current fiscal year.

Celanese Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, August 11th. Stockholders of record on Tuesday, July 29th were paid 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 is currently -0.81%.

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.