Fox Run Management L.L.C. Decreases Position in Celanese Corporation $CE

Fox Run Management L.L.C. trimmed its holdings in Celanese Corporation (NYSE:CE) by 31.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 28,776 shares of the basic materials company’s stock after selling 13,399 shares during the quarter. Fox Run Management L.L.C.’s holdings in Celanese were worth $1,217,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Celanese by 41.7% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 32,450 shares of the basic materials company’s stock valued at $1,842,000 after purchasing an additional 9,543 shares in the last quarter. NewEdge Advisors LLC raised its position in Celanese by 265.2% during the 1st quarter. NewEdge Advisors LLC now owns 5,032 shares of the basic materials company’s stock valued at $286,000 after purchasing an additional 3,654 shares in the last quarter. EverSource Wealth Advisors LLC raised its position in Celanese by 144.9% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,276 shares of the basic materials company’s stock valued at $71,000 after purchasing an additional 755 shares in the last quarter. Baird Financial Group Inc. increased its stake in shares of Celanese by 42.1% during the second quarter. Baird Financial Group Inc. now owns 7,768 shares of the basic materials company’s stock valued at $430,000 after buying an additional 2,303 shares during the period. Finally, California Public Employees Retirement System increased its stake in shares of Celanese by 6.5% during the second quarter. California Public Employees Retirement System now owns 184,980 shares of the basic materials company’s stock valued at $10,235,000 after buying an additional 11,347 shares during the period. 98.87% of the stock is currently owned by hedge funds and other institutional investors.

Celanese Stock Up 4.0%

Shares of NYSE CE opened at $51.07 on Wednesday. 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 stock has a market capitalization of $5.60 billion, a PE ratio of -5.10, a price-to-earnings-growth ratio of 0.30 and a beta of 0.73. The stock’s fifty day simple moving average is $59.98 and its two-hundred day simple moving average is $52.41. Celanese Corporation has a 12-month low of $35.13 and a 12-month high of $70.70.

Celanese (NYSE:CE) last announced its earnings results 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). The company had revenue of $2.34 billion for the quarter, compared to the consensus estimate of $2.34 billion. Celanese had a negative net margin of 11.54% and a positive return on equity of 9.92%. The firm’s revenue was down 2.2% compared to the same quarter last year. During the same period last year, the business posted $0.57 EPS. Celanese has set its Q2 2026 guidance at 2.000-2.400 EPS. As a group, analysts expect that Celanese Corporation will post 5.8 EPS for the current fiscal year.

Celanese Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, May 11th. Shareholders of record on Monday, April 27th were given a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend was Monday, April 27th. Celanese’s dividend payout ratio (DPR) is -1.20%.

Wall Street Analyst Weigh In

Several brokerages have recently commented on CE. Royal Bank Of Canada raised their price target on Celanese from $66.00 to $68.00 and gave the company a “sector perform” rating in a research note on Monday, May 11th. Weiss Ratings restated a “sell (d-)” rating on shares of Celanese in a research note on Tuesday, May 26th. Citigroup cut their price target on Celanese from $84.00 to $80.00 and set a “buy” rating on the stock in a research note on Thursday, May 7th. Mizuho raised their price target on Celanese from $58.00 to $65.00 and gave the company a “neutral” rating in a research note on Wednesday, May 6th. Finally, Zacks Research upgraded Celanese from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 21st. Ten research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Celanese has an average rating of “Moderate Buy” and a consensus price target of $67.81.

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.