AXQ Capital LP Sells 14,887 Shares of Celanese Corporation $CE

AXQ Capital LP trimmed its stake in shares of Celanese Corporation (NYSE:CE) by 48.1% in the fourth quarter, Holdings Channel.com reports. The firm owned 16,045 shares of the basic materials company’s stock after selling 14,887 shares during the quarter. AXQ Capital LP’s holdings in Celanese were worth $678,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in CE. Thames Capital Management LLC acquired a new position in shares of Celanese during the fourth quarter worth $14,006,000. Norges Bank bought a new position in Celanese during the 4th quarter worth $20,047,000. Eurizon Capital SGR S.p.A. bought a new position in Celanese during the 4th quarter worth $593,000. Fideuram Asset Management Ireland dac acquired a new position in Celanese during the 4th quarter worth about $586,000. Finally, Geode Capital Management LLC grew its position in shares of Celanese by 17.7% in 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 buying an additional 287,264 shares during the last quarter. 98.87% of the stock is owned by institutional investors and hedge funds.

Celanese Stock Performance

Shares of CE stock opened at $55.61 on Thursday. The company has a market cap of $6.10 billion, a price-to-earnings ratio of -5.56, a price-to-earnings-growth ratio of 0.34 and a beta of 0.73. Celanese Corporation has a 52 week low of $35.13 and a 52 week high of $70.70. The company has a quick ratio of 0.85, a current ratio of 1.38 and a debt-to-equity ratio of 2.41. The firm has a 50 day moving average of $60.85 and a 200-day moving average of $52.01.

Celanese (NYSE:CE) last released its earnings results on Tuesday, May 5th. The basic materials company reported $0.85 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.88 by ($0.03). The company had revenue of $2.34 billion for the quarter, compared to analyst estimates of $2.34 billion. Celanese had a negative net margin of 11.54% and a positive return on equity of 9.92%. The firm’s revenue was down 2.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.57 EPS. Celanese has set its Q2 2026 guidance at 2.000-2.400 EPS. On average, equities analysts forecast that Celanese Corporation will post 5.8 earnings per share for the current 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 issued a dividend of $0.03 per share. The ex-dividend date was Monday, April 27th. This represents a $0.12 annualized dividend and a dividend yield of 0.2%. Celanese’s dividend payout ratio is currently -1.20%.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on CE. Bank of America increased their price target on Celanese from $70.00 to $75.00 and gave the company a “buy” rating in a research note on Tuesday, April 21st. Citigroup reduced their target price on Celanese from $84.00 to $80.00 and set a “buy” rating on the stock in a report on Thursday, May 7th. Zacks Research raised shares of Celanese from a “strong sell” rating to a “hold” rating in a research report on Tuesday, April 21st. Weiss Ratings restated a “sell (d-)” rating on shares of Celanese in a report on Tuesday, May 26th. Finally, Mizuho boosted their price target on shares of Celanese from $58.00 to $65.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 6th. Ten analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $67.81.

Celanese 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.