Celanese Corporation $CE Shares Acquired by Quarry LP

Key Points

• Quarry LP increased its stake in Celanese Corporation by 439.5%, acquiring 5,779 additional shares for a total valued at $403,000.
• Celanese's recent quarterly earnings surpassed estimates, reporting $1.44 earnings per share and $2.53 billion in revenue, even as its revenue showed a 4.5% decline year-over-year.
• The company recently declared a quarterly dividend of $0.03 per share, resulting in an annualized yield of 0.3%, with a negative dividend payout ratio of -0.81%.

Quarry LP lifted its position in Celanese Corporation (NYSE:CE - Free Report) by 439.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,094 shares of the basic materials company's stock after purchasing an additional 5,779 shares during the period. Quarry LP's holdings in Celanese were worth $403,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Strengthening Families & Communities LLC lifted its stake in shares of Celanese by 73.2% in the 1st quarter. Strengthening Families & Communities LLC now owns 440 shares of the basic materials company's stock valued at $25,000 after purchasing an additional 186 shares during the period. State of Wyoming lifted its stake in shares of Celanese by 122.5% in the 4th quarter. State of Wyoming now owns 485 shares of the basic materials company's stock valued at $34,000 after purchasing an additional 267 shares during the period. Summit Securities Group LLC acquired a new position in shares of Celanese in the 1st quarter valued at $30,000. LRI Investments LLC lifted its stake in shares of Celanese by 739.1% in the 4th quarter. LRI Investments LLC now owns 537 shares of the basic materials company's stock valued at $37,000 after purchasing an additional 473 shares during the period. Finally, Mather Group LLC. lifted its stake in shares of Celanese by 127.0% in the 1st quarter. Mather Group LLC. now owns 622 shares of the basic materials company's stock valued at $35,000 after purchasing an additional 348 shares during the period. 98.87% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on CE. Barclays upped their price objective on shares of Celanese from $59.00 to $62.00 and gave the stock an "equal weight" rating in a research report on Wednesday, May 14th. Robert W. Baird reduced their price objective on shares of Celanese from $67.00 to $50.00 and set an "outperform" rating for the company in a research report on Wednesday, August 13th. UBS Group reduced their price objective on shares of Celanese from $66.00 to $49.00 and set a "neutral" rating for the company in a research report on Tuesday, August 12th. Mizuho upped their price objective on shares of Celanese from $50.00 to $59.00 and gave the stock a "neutral" rating in a research report on Tuesday, July 15th. Finally, Wells Fargo & Company reduced their price objective on shares of Celanese from $72.00 to $60.00 and set an "overweight" rating for the company in a research report on Wednesday, August 13th. Six investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $59.39.

Celanese Price Performance

Shares of Celanese stock traded up $2.25 during trading hours on Friday, reaching $48.68. 2,146,450 shares of the company's stock were exchanged, compared to its average volume of 2,773,588. The company has a quick ratio of 1.22, a current ratio of 2.05 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. The business has a fifty day moving average of $52.25 and a two-hundred day moving average of $51.58. The company has a market capitalization of $5.33 billion, a P/E ratio of -3.28, a price-to-earnings-growth ratio of 2.02 and a beta of 1.11.

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, 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 firm had revenue of $2.53 billion during the quarter, compared to analyst estimates of $2.50 billion. During the same quarter in the prior year, the firm posted $2.38 earnings per share. Celanese'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, research analysts predict that Celanese Corporation will post 8.79 earnings per share for the current fiscal year.

Celanese Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, August 11th. Stockholders of record on Tuesday, July 29th were given a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 0.2%. The ex-dividend date of this dividend was Tuesday, July 29th. Celanese's dividend payout ratio is currently -0.81%.

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.