Thrivent Financial for Lutherans Sells 36,366 Shares of Celanese Corporation $CE

Thrivent Financial for Lutherans lessened its holdings in Celanese Corporation (NYSE:CE) by 21.4% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 133,423 shares of the basic materials company’s stock after selling 36,366 shares during the period. Thrivent Financial for Lutherans owned approximately 0.12% of Celanese worth $7,382,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the business. Geneos Wealth Management Inc. lifted its position in Celanese by 111.1% in the second quarter. Geneos Wealth Management Inc. now owns 513 shares of the basic materials company’s stock worth $28,000 after buying an additional 270 shares during the last quarter. SBI Securities Co. Ltd. grew its holdings in Celanese by 55.4% during the 2nd quarter. SBI Securities Co. Ltd. now owns 623 shares of the basic materials company’s stock valued at $34,000 after purchasing an additional 222 shares during the last quarter. Smartleaf Asset Management LLC raised its position in Celanese by 100.0% in the 2nd quarter. Smartleaf Asset Management LLC now owns 662 shares of the basic materials company’s stock worth $38,000 after purchasing an additional 331 shares during the period. LRI Investments LLC lifted its stake in Celanese by 99.0% in the second quarter. LRI Investments LLC now owns 758 shares of the basic materials company’s stock worth $42,000 after purchasing an additional 377 shares during the last quarter. Finally, SOA Wealth Advisors LLC. purchased a new position in shares of Celanese during the second quarter valued at approximately $50,000. Institutional investors own 98.87% of the company’s stock.

Celanese Trading Up 3.4%

CE opened at $42.97 on Friday. Celanese Corporation has a 12 month low of $35.13 and a 12 month high of $75.84. The stock has a fifty day moving average price of $40.13 and a 200-day moving average price of $47.02. The firm has a market cap of $4.70 billion, a price-to-earnings ratio of -1.52 and a beta of 1.13. The company has a current ratio of 1.63, a quick ratio of 1.04 and a debt-to-equity ratio of 2.66.

Celanese (NYSE:CE) last posted its earnings results on Thursday, November 6th. The basic materials company reported $1.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.27 by $0.07. The company had revenue of $2.42 billion for the quarter, compared to analyst estimates of $2.51 billion. Celanese had a positive return on equity of 9.87% and a negative net margin of 31.85%.The firm’s quarterly revenue was down 8.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.44 earnings per share. Celanese has set its Q4 2025 guidance at 0.850-1.000 EPS. As a group, equities research analysts anticipate that Celanese Corporation will post 8.79 earnings per share for the current fiscal year.

Celanese Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 12th. Stockholders of record on Tuesday, October 28th were issued 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 was Tuesday, October 28th. Celanese’s dividend payout ratio is currently -0.42%.

Insider Buying and Selling at Celanese

In other Celanese news, CFO Chuck Kyrish acquired 5,000 shares of the stock in a transaction dated Tuesday, December 9th. The stock was purchased at an average price of $41.03 per share, with a total value of $205,150.00. Following the transaction, the chief financial officer directly owned 10,914 shares of the company’s stock, valued at $447,801.42. This trade represents a 84.55% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.33% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on CE. Wells Fargo & Company decreased their target price on Celanese from $57.00 to $55.00 and set an “overweight” rating for the company in a research report on Monday, November 10th. UBS Group raised their price objective on Celanese from $48.00 to $49.00 and gave the stock a “neutral” rating in a report on Wednesday, November 12th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Celanese in a research report on Wednesday, October 8th. Alembic Global Advisors set a $60.00 price target on Celanese in a research report on Monday, August 25th. Finally, Citigroup decreased their price objective on Celanese from $60.00 to $56.00 and set a “buy” rating for the company in a report on Thursday. Seven equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $54.56.

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.