BNP Paribas Financial Markets Trims Stock Position in Celanese Corporation $CE

BNP Paribas Financial Markets lowered its holdings in shares of Celanese Corporation (NYSE:CE) by 64.5% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 246,640 shares of the basic materials company’s stock after selling 447,393 shares during the quarter. BNP Paribas Financial Markets’ holdings in Celanese were worth $10,428,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Blue Trust Inc. increased its position in shares of Celanese by 8.9% during the 4th quarter. Blue Trust Inc. now owns 3,244 shares of the basic materials company’s stock valued at $137,000 after purchasing an additional 265 shares during the last quarter. Geneos Wealth Management Inc. increased its position in shares of Celanese by 111.1% during the 2nd quarter. Geneos Wealth Management Inc. now owns 513 shares of the basic materials company’s stock valued at $28,000 after purchasing an additional 270 shares during the last quarter. Oregon Public Employees Retirement Fund increased its position in shares of Celanese by 1.2% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 25,015 shares of the basic materials company’s stock valued at $1,058,000 after purchasing an additional 300 shares during the last quarter. Smartleaf Asset Management LLC increased its position in shares of Celanese by 100.0% during the 2nd quarter. Smartleaf Asset Management LLC now owns 662 shares of the basic materials company’s stock valued at $38,000 after purchasing an additional 331 shares during the last quarter. Finally, Smithfield Trust Co increased its position in shares of Celanese by 26.0% during the 3rd quarter. Smithfield Trust Co now owns 1,668 shares of the basic materials company’s stock valued at $69,000 after purchasing an additional 344 shares during the last quarter. Hedge funds and other institutional investors own 98.87% of the company’s stock.

Celanese Trading Down 3.9%

Celanese stock opened at $49.06 on Tuesday. Celanese Corporation has a 12-month low of $35.13 and a 12-month high of $70.70. The company has a current ratio of 1.38, a quick ratio of 0.85 and a debt-to-equity ratio of 2.41. The firm has a market capitalization of $5.38 billion, a price-to-earnings ratio of -4.90, a P/E/G ratio of 0.31 and a beta of 0.74. The firm has a 50 day moving average of $60.23 and a 200 day moving average of $52.31.

Celanese (NYSE:CE) last posted its quarterly earnings results on Tuesday, May 5th. The basic materials company reported $0.85 earnings per share 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 business had revenue of $2.34 billion during the quarter, compared to the consensus estimate of $2.34 billion. During the same quarter in the previous year, the company earned $0.57 earnings per share. The company’s revenue for the quarter was down 2.2% compared to the same quarter last year. Celanese has set its Q2 2026 guidance at 2.000-2.400 EPS. As a group, research analysts predict that Celanese Corporation will post 5.8 earnings per share for the current year.

Celanese Announces Dividend

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

Wall Street Analysts Forecast Growth

CE has been the subject of several analyst reports. Mizuho increased their target price on shares of Celanese from $58.00 to $65.00 and gave the stock a “neutral” rating in a report on Wednesday, May 6th. Royal Bank Of Canada increased their target price on shares of Celanese from $66.00 to $68.00 and gave the stock a “sector perform” rating in a report on Monday, May 11th. Morgan Stanley increased their target price on shares of Celanese from $50.00 to $72.00 and gave the stock an “equal weight” rating in a report on Tuesday, May 5th. Tudor Pickering raised shares of Celanese from a “hold” rating to a “buy” rating in a report on Monday, March 9th. Finally, Robert W. Baird increased their target price on shares of Celanese from $65.00 to $75.00 and gave the stock an “outperform” rating in a report on Friday, March 27th. Ten investment 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. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $67.81.

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.