Norges Bank Takes $20.05 Million Position in Celanese Corporation $CE

Norges Bank acquired a new stake in shares of Celanese Corporation (NYSE:CE) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 474,139 shares of the basic materials company’s stock, valued at approximately $20,047,000.

Several other institutional investors have also modified their holdings of the business. Vanguard Group Inc. lifted its holdings in shares of Celanese by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 11,840,341 shares of the basic materials company’s stock valued at $500,610,000 after purchasing an additional 90,428 shares in the last quarter. Turtle Creek Asset Management Inc. lifted its holdings in shares of Celanese by 21.0% during the 3rd quarter. Turtle Creek Asset Management Inc. now owns 5,115,365 shares of the basic materials company’s stock valued at $215,255,000 after purchasing an additional 887,600 shares in the last quarter. State Street Corp lifted its holdings in shares of Celanese by 3.2% during the 2nd quarter. State Street Corp now owns 3,828,747 shares of the basic materials company’s stock valued at $211,845,000 after purchasing an additional 120,208 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Celanese by 17.7% during the 4th quarter. Geode Capital Management LLC now owns 1,909,529 shares of the basic materials company’s stock valued at $80,760,000 after purchasing an additional 287,264 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. lifted its holdings in shares of Celanese by 37.7% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 1,703,695 shares of the basic materials company’s stock valued at $71,691,000 after purchasing an additional 466,683 shares in the last quarter. Institutional investors own 98.87% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on CE shares. Vertical Research upgraded Celanese from a “hold” rating to a “buy” rating and set a $60.00 price objective on the stock in a report on Monday, March 9th. Citigroup cut their price objective on Celanese from $84.00 to $80.00 and set a “buy” rating on the stock in a report on Thursday, May 7th. Tudor Pickering upgraded Celanese from a “hold” rating to a “buy” rating in a report on Monday, March 9th. Bank of America boosted their target price on Celanese from $70.00 to $75.00 and gave the company a “buy” rating in a research note on Tuesday, April 21st. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Celanese in a research note on Tuesday, May 26th. Ten analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $67.81.

Celanese Trading Up 4.0%

NYSE CE opened at $51.07 on Wednesday. The stock has a market capitalization of $5.60 billion, a price-to-earnings ratio of -5.10, a PEG ratio of 0.30 and a beta of 0.73. The stock’s 50 day moving average price is $59.98 and its two-hundred day moving average price is $52.41. The company has a debt-to-equity ratio of 2.41, a quick ratio of 0.85 and a current ratio of 1.38. Celanese Corporation has a 52 week low of $35.13 and a 52 week high of $70.70.

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). The firm had revenue of $2.34 billion during the quarter, compared to the consensus estimate of $2.34 billion. Celanese had a negative net margin of 11.54% and a positive return on equity of 9.92%. The company’s revenue was down 2.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.57 EPS. Celanese has set its Q2 2026 guidance at 2.000-2.400 EPS. As a group, analysts anticipate that Celanese Corporation will post 5.8 earnings per share for the current fiscal year.

Celanese Dividend Announcement

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

About Celanese

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.