Celanese (NYSE:CE) SVP Acquires $98,004.56 in Stock

Celanese Corporation (NYSE:CE) SVP Mark Christopher Murray purchased 2,153 shares of the stock in a transaction dated Tuesday, August 11th. The shares were acquired at an average price of $45.52 per share, for a total transaction of $98,004.56. Following the acquisition, the senior vice president directly owned 30,432 shares of the company’s stock, valued at $1,385,264.64. This represents a 7.61% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Celanese Stock Up 3.0%

Shares of Celanese stock opened at $45.63 on Friday. The stock has a 50-day moving average price of $47.22 and a 200 day moving average price of $53.79. The company has a market cap of $5.01 billion, a P/E ratio of -4.27, a P/E/G ratio of 0.29 and a beta of 0.76. The company has a current ratio of 1.45, a quick ratio of 0.87 and a debt-to-equity ratio of 2.33. Celanese Corporation has a 1 year low of $35.13 and a 1 year high of $70.70.

Celanese (NYSE:CE) last announced its quarterly earnings data 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. The firm had revenue of $2.75 billion during the quarter, compared to analyst estimates of $2.75 billion. Celanese had a positive return on equity of 13.04% and a negative net margin of 12.04%.The business’s quarterly revenue was up 8.7% compared to the same quarter last year. During the same period last year, the company posted $1.44 EPS. Celanese has set its Q3 2026 guidance at 1.350-1.750 EPS. As a group, analysts expect that Celanese Corporation will post 5.94 EPS for the current fiscal year.

Celanese Dividend Announcement

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

Hedge Funds Weigh In On Celanese

Institutional investors have recently bought and sold shares of the stock. Capital Research Global Investors raised its stake in shares of Celanese by 24.0% in the 4th quarter. Capital Research Global Investors now owns 5,565,556 shares of the basic materials company’s stock valued at $235,312,000 after acquiring an additional 1,076,645 shares in the last quarter. Hsbc Holdings PLC boosted its position in Celanese by 208.3% during the fourth quarter. Hsbc Holdings PLC now owns 105,435 shares of the basic materials company’s stock worth $4,460,000 after purchasing an additional 71,238 shares during the period. Integrated Advisors Network LLC acquired a new position in Celanese during the first quarter valued at approximately $3,321,000. Norges Bank acquired a new position in Celanese during the fourth quarter valued at approximately $20,047,000. Finally, Fifth Third Bancorp raised its position in shares of Celanese by 4,030.1% in the first quarter. Fifth Third Bancorp now owns 66,082 shares of the basic materials company’s stock valued at $4,346,000 after purchasing an additional 64,482 shares during the period. 98.87% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Zacks Research upgraded shares of Celanese from a “strong sell” rating to a “hold” rating in a research report on Tuesday, April 21st. Morgan Stanley dropped their price target on shares of Celanese from $72.00 to $58.00 and set an “equal weight” rating on the stock in a research note on Thursday, July 16th. JPMorgan Chase & Co. increased their price objective on Celanese from $53.00 to $68.00 and gave the stock an “overweight” rating in a report on Thursday, May 7th. Mizuho set a $50.00 target price on Celanese in a research note on Wednesday, August 5th. Finally, Bank of America dropped their target price on Celanese from $72.00 to $63.00 and set a “buy” rating on the stock in a research report on Tuesday, June 30th. Nine equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $63.47.

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.