1492 Capital Management LLC Invests $1.35 Million in Celanese Corporation $CE

1492 Capital Management LLC acquired a new stake in shares of Celanese Corporation (NYSE:CE) during the first quarter, HoldingsChannel reports. The firm acquired 20,467 shares of the basic materials company’s stock, valued at approximately $1,346,000.

Several other institutional investors have also bought and sold shares of the stock. JPMorgan Chase & Co. increased its stake in Celanese by 12.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 259,196 shares of the basic materials company’s stock valued at $10,907,000 after buying an additional 29,392 shares during the period. Russell Investments Group Ltd. lifted its stake in shares of Celanese by 21.5% in the 3rd quarter. Russell Investments Group Ltd. now owns 1,214,487 shares of the basic materials company’s stock worth $51,104,000 after acquiring an additional 214,632 shares during the period. QSM Asset Management Ltd boosted its holdings in shares of Celanese by 102.2% in the fourth quarter. QSM Asset Management Ltd now owns 84,698 shares of the basic materials company’s stock valued at $3,581,000 after acquiring an additional 42,800 shares in the last quarter. Capital Research Global Investors increased its stake in shares of Celanese by 24.0% during the fourth quarter. Capital Research Global Investors now owns 5,565,556 shares of the basic materials company’s stock valued at $235,312,000 after acquiring an additional 1,076,645 shares during the period. Finally, U.S. Capital Wealth Advisors LLC raised its holdings in Celanese by 113.1% during the fourth quarter. U.S. Capital Wealth Advisors LLC now owns 152,291 shares of the basic materials company’s stock worth $6,439,000 after purchasing an additional 80,827 shares in the last quarter. Institutional investors and hedge funds own 98.87% of the company’s stock.

Celanese Trading Up 0.5%

NYSE:CE opened at $49.15 on Friday. The stock has a fifty day simple moving average of $56.42 and a 200 day simple moving average of $53.29. The firm has a market capitalization of $5.39 billion, a price-to-earnings ratio of -4.91, a price-to-earnings-growth ratio of 0.30 and a beta of 0.73. Celanese Corporation has a 1-year low of $35.13 and a 1-year 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.

Celanese (NYSE:CE) last posted its quarterly earnings data on Tuesday, May 5th. The basic materials company reported $0.85 earnings per share (EPS) 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 company had revenue of $2.34 billion for the quarter, compared to analyst estimates of $2.34 billion. During the same quarter in the previous year, the firm posted $0.57 EPS. Celanese’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. Sell-side analysts forecast that Celanese Corporation will post 5.8 earnings per share for the current year.

Celanese Dividend Announcement

The company 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 dividend yield of 0.2%. The ex-dividend date was Monday, April 27th. Celanese’s dividend payout ratio is -1.20%.

Wall Street Analysts Forecast Growth

CE has been the topic of several research analyst reports. Vertical Research upgraded Celanese from a “hold” rating to a “buy” rating and set a $60.00 price target on the stock in a research report on Monday, March 9th. Wall Street Zen cut Celanese from a “buy” rating to a “hold” rating in a research note on Saturday, June 20th. Bank of America lifted their target price on Celanese from $70.00 to $75.00 and gave the stock a “buy” rating in a report on Tuesday, April 21st. Morgan Stanley boosted their price target on shares of Celanese from $50.00 to $72.00 and gave the stock an “equal weight” rating in a research report on Tuesday, May 5th. Finally, Zacks Research upgraded shares of Celanese from a “strong sell” rating to a “hold” rating in a research report on Tuesday, April 21st. Ten analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $67.06.

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.