Bank of New York Mellon Corp Has $45.76 Million Stock Holdings in Celanese Corporation $CE

Bank of New York Mellon Corp lifted its holdings in shares of Celanese Corporation (NYSE:CE) by 2.1% in the first quarter, according to its most recent filing with the SEC. The firm owned 695,758 shares of the basic materials company’s stock after acquiring an additional 14,487 shares during the period. Bank of New York Mellon Corp’s holdings in Celanese were worth $45,760,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Geneos Wealth Management Inc. raised 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 purchasing an additional 270 shares in the last quarter. Smartleaf Asset Management LLC grew its position in Celanese by 100.0% in the second quarter. Smartleaf Asset Management LLC now owns 662 shares of the basic materials company’s stock valued at $38,000 after acquiring an additional 331 shares during the period. National Bank of Canada FI acquired a new position in Celanese during the third quarter worth $34,000. UMB Bank n.a. lifted its holdings in shares of Celanese by 175.7% during the fourth quarter. UMB Bank n.a. now owns 896 shares of the basic materials company’s stock valued at $38,000 after acquiring an additional 571 shares during the period. Finally, Hartford Financial Management Inc. lifted its holdings in shares of Celanese by 350.5% during the fourth quarter. Hartford Financial Management Inc. now owns 901 shares of the basic materials company’s stock valued at $38,000 after acquiring an additional 701 shares during the period. 98.87% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. JPMorgan Chase & Co. upped their target price on shares of Celanese from $53.00 to $68.00 and gave the stock an “overweight” rating in a report on Thursday, May 7th. Robert W. Baird raised their price objective on shares of Celanese from $65.00 to $75.00 and gave the stock an “outperform” rating in a report on Friday, March 27th. Weiss Ratings reissued a “sell (d-)” rating on shares of Celanese in a report on Tuesday, May 26th. Wells Fargo & Company raised their price target on Celanese from $75.00 to $80.00 and gave the company an “overweight” rating in a report on Friday, May 8th. Finally, Citigroup cut their price objective on Celanese from $80.00 to $68.00 and set a “buy” rating for the company in a research report on Wednesday, June 24th. Ten analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $65.94.

Celanese Stock Performance

CE opened at $46.38 on Friday. The company has a market capitalization of $5.09 billion, a price-to-earnings ratio of -4.63, a P/E/G ratio of 0.29 and a beta of 0.76. The business’s 50-day moving average price is $49.99 and its two-hundred day moving average price is $53.95. Celanese Corporation has a 1 year low of $35.13 and a 1 year high of $70.70. The company has a debt-to-equity ratio of 2.41, a current ratio of 1.38 and a quick ratio of 0.85.

Celanese (NYSE:CE) last posted its quarterly earnings data 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 firm had revenue of $2.34 billion for the quarter, compared to analyst estimates of $2.34 billion. During the same period in the prior year, the company earned $0.57 earnings per share. The firm’s quarterly revenue was down 2.2% on a year-over-year basis. Celanese has set its Q2 2026 guidance at 2.000-2.400 EPS. Equities analysts expect that Celanese Corporation will post 6.01 EPS for the current fiscal year.

Celanese Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 10th. Stockholders of record on Tuesday, July 28th will be paid 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 of this dividend is Tuesday, July 28th. Celanese’s dividend payout ratio (DPR) is currently -1.20%.

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.