Old West Investment Management LLC Invests $5.63 Million in Celanese Corporation $CE

Old West Investment Management LLC purchased a new position in Celanese Corporation (NYSE:CE) during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 122,485 shares of the basic materials company’s stock, valued at approximately $5,634,000. Old West Investment Management LLC owned 0.11% of Celanese at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of CE. Vanguard Group Inc. increased its stake in shares of Celanese by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 11,840,341 shares of the basic materials company’s stock worth $500,610,000 after acquiring an additional 90,428 shares during the period. Capital Research Global Investors lifted its position in 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 purchasing an additional 1,076,645 shares during the period. Turtle Creek Asset Management Inc. boosted its holdings in Celanese by 21.0% in the third quarter. Turtle Creek Asset Management Inc. now owns 5,115,365 shares of the basic materials company’s stock valued at $215,255,000 after purchasing an additional 887,600 shares during the last quarter. Fuller & Thaler Asset Management Inc. boosted its holdings in Celanese by 15.8% in the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 4,094,781 shares of the basic materials company’s stock valued at $173,127,000 after purchasing an additional 558,391 shares during the last quarter. Finally, State Street Corp grew its position in Celanese by 2.1% during the 4th quarter. State Street Corp now owns 3,949,230 shares of the basic materials company’s stock worth $166,973,000 after purchasing an additional 80,242 shares during the period. 98.87% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Celanese

In related news, SVP Mark Christopher Murray purchased 2,153 shares of the business’s stock in a transaction that occurred on Tuesday, August 11th. The stock was bought at an average price of $45.52 per share, with a total value of $98,004.56. Following the acquisition, the senior vice president owned 30,432 shares in the company, valued at $1,385,264.64. The trade was a 7.61% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.34% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on CE. Zacks Research raised Celanese from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 21st. Citigroup reduced their price target on Celanese from $80.00 to $68.00 and set a “buy” rating for the company in a research report on Wednesday, June 24th. Bank of America decreased their price target on Celanese from $72.00 to $63.00 and set a “buy” rating for the company in a report on Tuesday, June 30th. Wall Street Zen lowered Celanese from a “buy” rating to a “hold” rating in a research report on Saturday, June 20th. Finally, Royal Bank Of Canada raised 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. Nine equities research analysts have rated the stock with a Buy rating, seven have issued 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 “Hold” and a consensus price target of $63.47.

Celanese Price Performance

NYSE:CE opened at $45.63 on Monday. The company has a quick ratio of 0.87, a current ratio of 1.45 and a debt-to-equity ratio of 2.33. Celanese Corporation has a 52 week low of $35.13 and a 52 week high of $70.70. The stock’s 50-day moving average price is $47.22 and its 200-day moving average price is $53.84. The stock has a market capitalization of $5.01 billion, a PE ratio of -4.27, a price-to-earnings-growth ratio of 0.30 and a beta of 0.76.

Celanese (NYSE:CE) last released its quarterly earnings results on Tuesday, August 4th. The basic materials company reported $2.45 earnings per share for the quarter, topping analysts’ consensus estimates of $2.23 by $0.22. Celanese had a positive return on equity of 13.04% and a negative net margin of 12.04%.The company had revenue of $2.75 billion during the quarter, compared to analysts’ expectations of $2.75 billion. During the same quarter in the prior year, the firm posted $1.44 EPS. Celanese’s quarterly revenue was up 8.7% compared to the same quarter last year. Celanese has set its Q3 2026 guidance at 1.350-1.750 EPS. As a group, equities analysts expect that Celanese Corporation will post 5.94 EPS for the current fiscal year.

Celanese Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, August 10th. Stockholders of record on Tuesday, July 28th were given a dividend of $0.03 per share. The ex-dividend date was Tuesday, July 28th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.3%. Celanese’s dividend payout ratio (DPR) is -1.12%.

About Celanese

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.