9,330 Shares in Celanese Corporation $CE Bought by McGowan Group Asset Management Inc.

McGowan Group Asset Management Inc. acquired a new position in Celanese Corporation (NYSE:CE) in the fourth quarter, HoldingsChannel reports. The institutional investor acquired 9,330 shares of the basic materials company’s stock, valued at approximately $394,000.

Several other institutional investors have also recently added to or reduced their stakes in the business. Geneos Wealth Management Inc. raised its holdings in shares of Celanese by 111.1% during 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 during the period. Smartleaf Asset Management LLC boosted its holdings in shares of Celanese by 100.0% in the 2nd 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 period. Salomon & Ludwin LLC bought a new stake in shares of Celanese during the 3rd quarter valued at about $36,000. National Bank of Canada FI bought a new stake in shares of Celanese during the 3rd quarter valued at about $34,000. Finally, Versant Capital Management Inc raised its stake in Celanese by 140.4% during the third quarter. Versant Capital Management Inc now owns 827 shares of the basic materials company’s stock worth $35,000 after acquiring an additional 483 shares during the period. Institutional investors own 98.87% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. Tudor Pickering raised shares of Celanese from a “hold” rating to a “buy” rating in a report on Monday, March 9th. JPMorgan Chase & Co. increased their price target on Celanese from $40.00 to $53.00 and gave the stock a “neutral” rating in a research report on Thursday, February 19th. Mizuho raised their price target on Celanese from $55.00 to $58.00 and gave the stock a “neutral” rating in a report on Tuesday, March 31st. Robert W. Baird boosted their price objective on Celanese from $65.00 to $75.00 and gave the company an “outperform” rating in a research report on Friday, March 27th. Finally, Evercore set a $63.00 target price on Celanese in a research report on Wednesday, February 18th. Nine research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Celanese currently has an average rating of “Hold” and a consensus target price of $64.71.

Celanese Price Performance

NYSE CE opened at $65.04 on Friday. The company has a 50-day moving average price of $58.98 and a two-hundred day moving average price of $48.74. Celanese Corporation has a 52 week low of $35.13 and a 52 week high of $68.77. The stock has a market cap of $7.13 billion, a price-to-earnings ratio of -6.14, a price-to-earnings-growth ratio of 0.43 and a beta of 0.85. The company has a current ratio of 1.55, a quick ratio of 0.94 and a debt-to-equity ratio of 2.55.

Celanese (NYSE:CE) last issued its quarterly earnings data on Tuesday, February 17th. The basic materials company reported $0.67 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.89 by ($0.22). Celanese had a positive return on equity of 8.75% and a negative net margin of 12.15%.The business had revenue of $2.20 billion for the quarter, compared to analyst estimates of $2.25 billion. During the same quarter in the prior year, the firm posted $1.45 earnings per share. The business’s quarterly revenue was down 6.5% on a year-over-year basis. Celanese has set its Q1 2026 guidance at 0.700-0.850 EPS. Analysts forecast that Celanese Corporation will post 5.16 EPS for the current year.

Celanese Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, May 11th. Shareholders of record on Monday, April 27th will be given a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date is Monday, April 27th. Celanese’s payout ratio is -1.13%.

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.