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

Cibc World Market Inc. increased its holdings in Celanese Corporation (NYSE:CE) by 12.8% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 562,380 shares of the basic materials company’s stock after purchasing an additional 63,810 shares during the period. Cibc World Market Inc.’s holdings in Celanese were worth $23,777,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the business. CIBC Asset Management Inc increased its position in Celanese by 3.5% in the fourth quarter. CIBC Asset Management Inc now owns 10,591 shares of the basic materials company’s stock worth $448,000 after purchasing an additional 359 shares during the last quarter. Natixis Advisors LLC boosted its stake in Celanese by 3.3% during the fourth quarter. Natixis Advisors LLC now owns 25,738 shares of the basic materials company’s stock worth $1,088,000 after buying an additional 834 shares during the period. Thames Capital Management LLC purchased a new position in Celanese during the fourth quarter worth $14,006,000. Norges Bank purchased a new position in Celanese during the fourth quarter worth $20,047,000. Finally, Eurizon Capital SGR S.p.A. purchased a new position in Celanese during the fourth quarter worth $593,000. Institutional investors own 98.87% of the company’s stock.

Analyst Ratings Changes

CE has been the subject of several recent analyst reports. Royal Bank Of Canada lifted their price objective on shares of Celanese from $66.00 to $68.00 and gave the stock a “sector perform” rating in a research note on Monday, May 11th. Robert W. Baird lifted their price objective on shares of Celanese from $65.00 to $75.00 and gave the stock an “outperform” rating in a research note on Friday, March 27th. Evercore set a $63.00 price objective on shares of Celanese in a research note on Wednesday, February 18th. Wells Fargo & Company lifted their price objective on shares of Celanese from $75.00 to $80.00 and gave the stock an “overweight” rating in a research note on Friday, May 8th. Finally, Zacks Research raised shares of Celanese from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 21st. Ten equities research 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 data from MarketBeat, Celanese currently has a consensus rating of “Moderate Buy” and a consensus price target of $67.81.

Celanese Stock Down 5.3%

Shares of CE opened at $51.09 on Friday. The firm has a market capitalization of $5.60 billion, a P/E ratio of -5.10, a P/E/G ratio of 0.33 and a beta of 0.73. Celanese Corporation has a 12-month low of $35.13 and a 12-month high of $70.70. 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 firm has a fifty day moving average price of $60.47 and a 200-day moving average price of $52.11.

Celanese (NYSE:CE) last issued its earnings results on Tuesday, May 5th. The basic materials company reported $0.85 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.88 by ($0.03). The company had revenue of $2.34 billion for the quarter, compared to analysts’ expectations 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 for the quarter was down 2.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.57 earnings per share. Celanese has set its Q2 2026 guidance at 2.000-2.400 EPS. Equities research analysts expect that Celanese Corporation will post 5.8 earnings per share for the current year.

Celanese Dividend Announcement

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

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.