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

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Price T Rowe Associates Inc. MD raised its position 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 valued at $202,455,000 after acquiring an additional 2,044,662 shares during the period. Federated Hermes Inc. lifted its holdings in Celanese by 9,132.0% during the 1st quarter. Federated Hermes Inc. now owns 1,801,349 shares of the basic materials company's stock valued at $102,263,000 after purchasing an additional 1,781,837 shares during the last quarter. Dodge & Cox lifted its holdings in Celanese by 13.0% during 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. Voloridge Investment Management LLC acquired a new stake in shares of Celanese during the fourth quarter worth $59,572,000. Finally, Fuller & Thaler Asset Management Inc. lifted its holdings in shares of Celanese by 35.0% during the first quarter. Fuller & Thaler Asset Management Inc. now owns 3,164,150 shares of the basic materials company's stock worth $179,629,000 after buying an additional 819,489 shares in the last quarter. Institutional investors own 98.87% of the company's stock.

Celanese Price Performance

Shares of Celanese stock traded down $1.14 during trading on Friday, hitting $44.34. 2,567,449 shares of the stock traded hands, compared to its average volume of 1,813,570. The company has a quick ratio of 1.22, a current ratio of 2.05 and a debt-to-equity ratio of 2.22. The stock has a market cap of $4.86 billion, a price-to-earnings ratio of -2.99, a PEG ratio of 2.06 and a beta of 1.11. The firm's fifty day moving average is $49.18 and its 200-day moving average is $51.00. Celanese Corporation has a 52 week low of $36.29 and a 52 week high of $142.54.

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

Celanese Announces Dividend

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

Insider Activity at Celanese

In other Celanese news, Director Timothy Go bought 1,039 shares of Celanese stock in a transaction on Monday, September 8th. The stock was acquired 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 in the company, valued at approximately $204,193.75. This trade represents a 30.78% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.33% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on CE shares. Cfra Research upgraded Celanese to a "moderate sell" rating in a research report on Tuesday, August 12th. JPMorgan Chase & Co. reduced their price target on Celanese from $47.00 to $40.00 and set a "neutral" rating on the stock in a report on Thursday, August 14th. Wells Fargo & Company reduced their price target on Celanese from $72.00 to $60.00 and set an "overweight" rating on the stock in a report on Wednesday, August 13th. Jefferies Financial Group reduced their price target on Celanese from $47.00 to $43.00 and set a "hold" rating on the stock in a report on Monday, September 8th. Finally, Mizuho lifted 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. Six investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $57.22.

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.