35,043 Shares in Celanese Corporation $CE Acquired by VIRGINIA RETIREMENT SYSTEMS ET Al

VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in Celanese Corporation (NYSE:CE) during the fourth quarter, HoldingsChannel.com reports. The fund acquired 35,043 shares of the basic materials company’s stock, valued at approximately $1,482,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in CE. Turtle Creek Asset Management Inc. boosted its holdings in shares of Celanese by 21.0% in the third quarter. Turtle Creek Asset Management Inc. now owns 5,115,365 shares of the basic materials company’s stock worth $215,255,000 after buying an additional 887,600 shares during the last quarter. Bank of America Corp DE lifted its holdings in Celanese by 103.7% during the second quarter. Bank of America Corp DE now owns 1,645,689 shares of the basic materials company’s stock valued at $91,056,000 after purchasing an additional 837,944 shares in the last quarter. Holocene Advisors LP lifted its holdings in Celanese by 872.6% during the third quarter. Holocene Advisors LP now owns 693,796 shares of the basic materials company’s stock valued at $29,195,000 after purchasing an additional 622,460 shares in the last quarter. BNP Paribas Financial Markets lifted its holdings in Celanese by 142.8% during the second quarter. BNP Paribas Financial Markets now owns 956,650 shares of the basic materials company’s stock valued at $52,931,000 after purchasing an additional 562,615 shares in the last quarter. Finally, Man Group plc purchased a new position in Celanese during the second quarter valued at approximately $30,557,000. Hedge funds and other institutional investors own 98.87% of the company’s stock.

Celanese Price Performance

CE stock opened at $56.79 on Friday. Celanese Corporation has a one year low of $35.13 and a one year high of $70.70. The company’s fifty day moving average price is $61.34 and its 200-day moving average price is $50.63. The company has a debt-to-equity ratio of 2.41, a quick ratio of 0.85 and a current ratio of 1.38. The company has a market capitalization of $6.23 billion, a PE ratio of -5.67, a price-to-earnings-growth ratio of 0.36 and a beta of 0.81.

Celanese (NYSE:CE) last released its earnings results on Tuesday, May 5th. The basic materials company reported $0.85 EPS for the quarter, missing the consensus estimate of $0.88 by ($0.03). Celanese had a positive return on equity of 9.92% and a negative net margin of 11.54%.The company had revenue of $2.34 billion during the quarter, compared to analysts’ expectations of $2.34 billion. During the same period last year, the firm posted $0.57 EPS. Celanese’s quarterly revenue was down 2.2% compared to the same quarter last year. Celanese has set its Q2 2026 guidance at 2.000-2.400 EPS. On average, equities analysts anticipate that Celanese Corporation will post 5.65 EPS for the current fiscal year.

Celanese Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, May 11th. Stockholders of record on Monday, April 27th were issued a $0.03 dividend. This represents a $0.12 annualized dividend and a dividend yield of 0.2%. The ex-dividend date of this dividend was Monday, April 27th. Celanese’s payout ratio is -1.20%.

Analyst Ratings Changes

CE has been the topic of several analyst reports. Evercore set a $63.00 price target on shares of Celanese in a report on Wednesday, February 18th. Zacks Research raised shares of Celanese from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 21st. Wells Fargo & Company lifted their price target on shares of Celanese from $75.00 to $80.00 and gave the company an “overweight” rating in a report on Friday, May 8th. Mizuho lifted their price target on shares of Celanese from $58.00 to $65.00 and gave the company a “neutral” rating in a report on Wednesday, May 6th. Finally, Citigroup lowered their price target on shares of Celanese from $84.00 to $80.00 and set a “buy” rating on the stock in a report on Thursday, May 7th. Ten analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $67.81.

Celanese Company 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.