Cibc World Market Inc. Purchases 63,810 Shares of Celanese Corporation $CE

Cibc World Market Inc. boosted its position in shares of Celanese Corporation (NYSE:CE) by 12.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 562,380 shares of the basic materials company’s stock after acquiring an additional 63,810 shares during the period. Cibc World Market Inc. owned 0.51% of Celanese worth $23,777,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Geneos Wealth Management Inc. raised its stake in Celanese by 111.1% during the 2nd quarter. Geneos Wealth Management Inc. now owns 513 shares of the basic materials company’s stock worth $28,000 after acquiring an additional 270 shares during the period. Smartleaf Asset Management LLC raised its position in shares of Celanese by 100.0% during the second quarter. Smartleaf Asset Management LLC now owns 662 shares of the basic materials company’s stock valued at $38,000 after buying an additional 331 shares during the last quarter. National Bank of Canada FI bought a new stake in shares of Celanese during the third quarter valued at approximately $34,000. Hartford Financial Management Inc. raised its position 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 buying an additional 701 shares during the last quarter. Finally, Danske Bank A S bought a new stake in shares of Celanese during the third quarter valued at approximately $50,000. Institutional investors own 98.87% of the company’s stock.

Analyst Upgrades and Downgrades

CE has been the topic of several recent analyst reports. Evercore set a $63.00 price objective on shares of Celanese in a research report on Wednesday, February 18th. Citigroup reduced their price objective on shares of Celanese from $84.00 to $80.00 and set a “buy” rating on the stock in a research report on Thursday, May 7th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Celanese in a research report on Tuesday, May 26th. UBS Group lifted their price objective on shares of Celanese from $58.00 to $64.00 and gave the company a “neutral” rating in a research report on Thursday, April 9th. Finally, Vertical Research upgraded shares of Celanese from a “hold” rating to a “buy” rating and set a $60.00 price objective on the stock in a research report on Monday, March 9th. Ten investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $67.81.

Celanese Trading Down 5.3%

Shares of CE opened at $51.09 on Friday. The company’s fifty day moving average is $60.47 and its 200 day moving average is $52.11. Celanese Corporation has a fifty-two week low of $35.13 and a fifty-two week high of $70.70. The stock has a market capitalization of $5.60 billion, a PE ratio of -5.10, a P/E/G ratio of 0.33 and a beta of 0.73. 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 (NYSE:CE) last announced 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 prior year, the firm posted $0.57 EPS. The company’s revenue for the quarter was down 2.2% on a year-over-year basis. Celanese has set its Q2 2026 guidance at 2.000-2.400 EPS. Sell-side analysts expect that Celanese Corporation will post 5.8 earnings per share for the current fiscal year.

Celanese Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, May 11th. Investors of record on Monday, April 27th were given 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 payout ratio 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.