E. Ohman J or Asset Management AB Invests $2.49 Million in Celanese Corporation $CE

Key Points

• E. Ohman J or Asset Management AB invested $2.49 million in Celanese Corporation, purchasing nearly 45,000 shares.
• Celanese's stock has seen mixed analyst ratings, with price targets ranging from $43.00 to $77.00, reflecting a consensus hold rating.
• The company reported $1.44 EPS for its last quarter, beating expectations, despite a 4.5% year-over-year revenue decline.

E. Ohman J or Asset Management AB purchased a new position in Celanese Corporation (NYSE:CE - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 44,993 shares of the basic materials company's stock, valued at approximately $2,489,000.

Other large investors have also bought and sold shares of the company. Strengthening Families & Communities LLC boosted its stake in Celanese by 73.2% during the first quarter. Strengthening Families & Communities LLC now owns 440 shares of the basic materials company's stock valued at $25,000 after buying an additional 186 shares in the last quarter. State of Wyoming boosted its stake in Celanese by 122.5% during the fourth quarter. State of Wyoming now owns 485 shares of the basic materials company's stock valued at $34,000 after buying an additional 267 shares in the last quarter. Summit Securities Group LLC bought a new position in Celanese during the first quarter valued at about $30,000. Mather Group LLC. boosted its stake in Celanese by 127.0% during the first quarter. Mather Group LLC. now owns 622 shares of the basic materials company's stock valued at $35,000 after buying an additional 348 shares in the last quarter. Finally, American National Bank & Trust bought a new position in Celanese during the first quarter valued at about $40,000. Institutional investors own 98.87% of the company's stock.

Analyst Ratings Changes

Several research analysts recently weighed in on CE shares. KeyCorp decreased their target price on Celanese from $77.00 to $70.00 and set an "overweight" rating for the company in a research note on Wednesday, August 13th. Jefferies Financial Group decreased their price target on Celanese from $47.00 to $43.00 and set a "hold" rating for the company in a research report on Monday, September 8th. BMO Capital Markets decreased their price target on Celanese from $55.00 to $47.00 and set a "market perform" rating for the company in a research report on Thursday, August 14th. Zacks Research lowered Celanese from a "hold" rating to a "strong sell" rating in a research report on Thursday, August 14th. Finally, Deutsche Bank Aktiengesellschaft set a $52.00 price target on Celanese and gave the company a "buy" rating in a research report on Wednesday, August 13th. Six research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $57.22.

Celanese Stock Down 1.7%

Shares of Celanese stock opened at $44.83 on Tuesday. The stock has a 50-day moving average price of $50.46 and a 200 day moving average price of $51.12. The company has a market cap of $4.91 billion, a P/E ratio of -3.03, a P/E/G ratio of 2.06 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 Corporation has a 1 year low of $36.29 and a 1 year high of $142.54.

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 (EPS) for the quarter, topping the consensus estimate of $1.38 by $0.06. The firm had revenue of $2.53 billion during the quarter, compared to the consensus estimate of $2.50 billion. Celanese had a positive return on equity of 10.48% and a negative net margin of 16.30%.The business's revenue for the quarter was down 4.5% on a year-over-year basis. During the same period in the prior year, the business earned $2.38 EPS. Celanese has set its Q3 2025 guidance at 1.100-1.400 EPS. As a group, analysts expect that Celanese Corporation will post 8.79 EPS for the current fiscal year.

Celanese Announces Dividend

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

Insider Transactions at Celanese

In other Celanese news, Director Timothy Go acquired 1,039 shares of Celanese stock in a transaction that occurred on Monday, September 8th. The stock was purchased at an average cost of $46.25 per share, with a total value of $48,053.75. Following the purchase, the director owned 4,415 shares in the company, valued at approximately $204,193.75. The trade was a 30.78% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.26% of the company's stock.

About Celanese

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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