AXQ Capital LP Has $1.25 Million Stock Position in LyondellBasell Industries N.V. $LYB

AXQ Capital LP boosted its holdings in shares of LyondellBasell Industries N.V. (NYSE:LYB) by 137.3% during the 4th quarter, Holdings Channel reports. The institutional investor owned 28,809 shares of the specialty chemicals company’s stock after buying an additional 16,669 shares during the period. AXQ Capital LP’s holdings in LyondellBasell Industries were worth $1,247,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the business. Essex Financial Services Inc. raised its position in LyondellBasell Industries by 3.6% during the fourth quarter. Essex Financial Services Inc. now owns 11,827 shares of the specialty chemicals company’s stock valued at $512,000 after buying an additional 406 shares during the period. MUFG Securities EMEA plc grew its stake in LyondellBasell Industries by 114.4% in the fourth quarter. MUFG Securities EMEA plc now owns 10,561 shares of the specialty chemicals company’s stock valued at $457,000 after purchasing an additional 5,636 shares in the last quarter. Norges Bank purchased a new position in LyondellBasell Industries in the fourth quarter valued at about $52,210,000. Fideuram Asset Management Ireland dac purchased a new position in LyondellBasell Industries in the fourth quarter valued at about $34,000. Finally, Rothschild Investment LLC grew its stake in LyondellBasell Industries by 3.5% in the fourth quarter. Rothschild Investment LLC now owns 8,025 shares of the specialty chemicals company’s stock valued at $347,000 after purchasing an additional 272 shares in the last quarter. 71.20% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, major shareholder Ai Investments Holdings Llc sold 384,548 shares of the stock in a transaction that occurred on Monday, March 9th. The stock was sold at an average price of $68.13, for a total transaction of $26,199,255.24. Following the completion of the sale, the insider owned 5,270,918 shares in the company, valued at $359,107,643.34. This represents a 6.80% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.14% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research analysts have commented on the company. Mizuho boosted their target price on LyondellBasell Industries from $74.00 to $76.00 in a research note on Friday, May 1st. Morgan Stanley boosted their target price on LyondellBasell Industries from $52.00 to $77.00 and gave the company an “overweight” rating in a research note on Tuesday, April 21st. UBS Group boosted their target price on LyondellBasell Industries from $79.00 to $82.00 and gave the company a “neutral” rating in a research note on Tuesday, May 5th. Zacks Research upgraded LyondellBasell Industries from a “hold” rating to a “strong-buy” rating in a research note on Friday, May 1st. Finally, Citigroup lowered their target price on LyondellBasell Industries from $90.00 to $80.00 and set a “buy” rating on the stock in a research note on Wednesday, May 27th. Two investment analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, eight have given a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $77.24.

LyondellBasell Industries Stock Performance

LYB opened at $67.14 on Tuesday. The company has a market cap of $21.67 billion, a PE ratio of -26.97, a price-to-earnings-growth ratio of 0.15 and a beta of 0.28. The stock has a 50-day moving average of $73.42 and a 200-day moving average of $59.32. LyondellBasell Industries N.V. has a 52-week low of $41.58 and a 52-week high of $83.94. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.03 and a current ratio of 1.54.

LyondellBasell Industries (NYSE:LYB) last released its quarterly earnings results on Friday, May 1st. The specialty chemicals company reported $0.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.31 by $0.18. The company had revenue of $7.20 billion during the quarter, compared to the consensus estimate of $7.53 billion. LyondellBasell Industries had a positive return on equity of 5.68% and a negative net margin of 2.68%.During the same quarter in the prior year, the company posted $0.33 EPS. The firm’s revenue was down 6.3% on a year-over-year basis. As a group, equities research analysts forecast that LyondellBasell Industries N.V. will post 8.73 earnings per share for the current fiscal year.

LyondellBasell Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 8th. Investors of record on Monday, June 1st will be paid a dividend of $0.69 per share. The ex-dividend date is Monday, June 1st. This represents a $2.76 annualized dividend and a yield of 4.1%. LyondellBasell Industries’s dividend payout ratio is presently -110.84%.

LyondellBasell Industries Profile

LyondellBasell Industries N.V. (NYSE: LYB) is a global chemical company headquartered in Houston, Texas, that specializes in the production of polyolefins and advanced polymers. Through its extensive portfolio, the company supplies raw materials for a wide range of end markets, including packaging, automotive, construction, electronics and consumer goods. By combining proprietary process technologies with expertise in catalysts, LyondellBasell aims to deliver value-added solutions that enhance product performance and sustainability.

The company’s integrated operations encompass the manufacture of olefins and polyolefins, advanced polymer products, chemical intermediates and refining activities.