Empowered Funds LLC Makes New $2.89 Million Investment in Celanese Corporation $CE

Empowered Funds LLC acquired a new position in shares of Celanese Corporation (NYSE:CE - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 62,763 shares of the basic materials company's stock, valued at approximately $2,887,000. Empowered Funds LLC owned 0.06% of Celanese as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in CE. Geneos Wealth Management Inc. raised its holdings in Celanese by 111.1% in the 2nd quarter. Geneos Wealth Management Inc. now owns 513 shares of the basic materials company's stock valued at $28,000 after acquiring an additional 270 shares in the last quarter. National Bank of Canada FI acquired a new stake in shares of Celanese during the 3rd quarter worth approximately $34,000. Smartleaf Asset Management LLC increased its position in shares of Celanese by 100.0% during the second quarter. Smartleaf Asset Management LLC now owns 662 shares of the basic materials company's stock valued at $38,000 after purchasing an additional 331 shares during the period. UMB Bank n.a. raised its stake in shares of Celanese by 175.7% in the fourth quarter. UMB Bank n.a. now owns 896 shares of the basic materials company's stock valued at $38,000 after purchasing an additional 571 shares in the last quarter. Finally, Kestra Advisory Services LLC acquired a new position in shares of Celanese in the fourth quarter valued at $41,000. 98.87% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Celanese

In other news, SVP Mark Christopher Murray acquired 2,153 shares of the firm's stock in a transaction that occurred on Tuesday, August 11th. The stock was acquired at an average cost of $45.52 per share, for a total transaction of $98,004.56. Following the completion of the acquisition, the senior vice president owned 30,432 shares in the company, valued at $1,385,264.64. This represents a 7.61% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.34% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on CE. Wells Fargo & Company lowered their price target on shares of Celanese from $80.00 to $65.00 and set an "overweight" rating on the stock in a report on Thursday, August 6th. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Celanese in a report on Friday, August 21st. Morgan Stanley decreased their target price on shares of Celanese from $72.00 to $58.00 and set an "equal weight" rating on the stock in a research report on Thursday, July 16th. Mizuho set a $50.00 price target on shares of Celanese in a research report on Wednesday, August 5th. Finally, Bank of America cut their price target on shares of Celanese from $72.00 to $63.00 and set a "buy" rating for the company in a research note on Tuesday, June 30th. Nine equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average price target of $63.71.

Celanese Price Performance

Shares of CE stock opened at $46.64 on Thursday. The firm's 50 day moving average is $45.81 and its 200-day moving average is $53.28. Celanese Corporation has a 1 year low of $35.13 and a 1 year high of $70.70. The company has a current ratio of 1.45, a quick ratio of 0.87 and a debt-to-equity ratio of 2.33. The firm has a market capitalization of $5.12 billion, a price-to-earnings ratio of -4.36, a PEG ratio of 0.29 and a beta of 0.76.

Celanese (NYSE:CE - Get Free Report) last released its earnings results on Tuesday, August 4th. The basic materials company reported $2.45 EPS for the quarter, topping analysts' consensus estimates of $2.23 by $0.22. Celanese had a negative net margin of 12.04% and a positive return on equity of 13.04%. The firm had revenue of $2.75 billion during the quarter, compared to analyst estimates of $2.75 billion. During the same quarter in the previous year, the business earned $1.44 EPS. The business's quarterly revenue was up 8.7% compared to the same quarter last year. Celanese has set its Q3 2026 guidance at 1.350-1.750 EPS. Sell-side analysts forecast that Celanese Corporation will post 5.99 EPS for the current fiscal year.

Celanese Announces Dividend

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

Celanese Profile

Celanese Corporation is a global chemical and specialty materials company that develops, manufactures and markets a broad portfolio of products serving diverse industries. The company operates through two primary business segments—Engineered Materials and Acetyl Chain—offering solutions that range from high-performance polymers and specialty additives to industrial chemicals and intermediates. Its engineered materials are used in applications such as automotive components, consumer electronics, medical devices and packaging, while its acetyl derivatives find uses in coatings, adhesives, solvents and personal care products.

In the Engineered Materials segment, Celanese produces a variety of high-performance thermoplastics, polyether-block-amide (PEBA) elastomers and functional additives designed to enhance product durability, thermal resistance and sustainability.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source