Capital Research Global Investors Increases Holdings in LyondellBasell Industries N.V. $LYB

Capital Research Global Investors raised its stake in shares of LyondellBasell Industries N.V. (NYSE:LYB) by 108.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 9,159,702 shares of the specialty chemicals company’s stock after buying an additional 4,770,260 shares during the period. Capital Research Global Investors owned about 2.85% of LyondellBasell Industries worth $396,615,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Stance Capital LLC purchased a new stake in LyondellBasell Industries during the 3rd quarter valued at $27,000. Quarry LP purchased a new stake in LyondellBasell Industries during the 3rd quarter valued at $31,000. Clearstead Advisors LLC raised its stake in LyondellBasell Industries by 140.3% during the 4th quarter. Clearstead Advisors LLC now owns 668 shares of the specialty chemicals company’s stock valued at $29,000 after buying an additional 390 shares during the last quarter. CYBER HORNET ETFs LLC purchased a new stake in LyondellBasell Industries during the 2nd quarter valued at $39,000. Finally, ORG Partners LLC raised its stake in LyondellBasell Industries by 960.0% during the 4th quarter. ORG Partners LLC now owns 689 shares of the specialty chemicals company’s stock valued at $30,000 after buying an additional 624 shares during the last quarter. 71.20% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on LYB. Morgan Stanley boosted their price objective on shares of LyondellBasell Industries from $52.00 to $77.00 and gave the company an “overweight” rating in a research report on Tuesday, April 21st. Jefferies Financial Group boosted their price objective on shares of LyondellBasell Industries from $70.00 to $75.00 and gave the company a “hold” rating in a research report on Thursday, April 16th. Royal Bank Of Canada boosted their price objective on shares of LyondellBasell Industries from $91.00 to $94.00 and gave the company an “outperform” rating in a research report on Monday, May 4th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of LyondellBasell Industries from $75.00 to $80.00 and gave the company a “hold” rating in a research report on Tuesday, May 5th. Finally, The Goldman Sachs Group boosted their price objective on shares of LyondellBasell Industries from $51.00 to $75.00 and gave the company a “sell” rating in a research report on Monday, May 4th. Two research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, eight have issued a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, LyondellBasell Industries currently has a consensus rating of “Hold” and a consensus price target of $76.71.

LyondellBasell Industries Trading Up 0.1%

Shares of LyondellBasell Industries stock opened at $64.58 on Monday. The company has a market capitalization of $20.84 billion, a P/E ratio of -25.93, a P/E/G ratio of 0.15 and a beta of 0.28. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.03 and a current ratio of 1.54. The company has a fifty day moving average of $72.77 and a 200 day moving average of $59.93. LyondellBasell Industries N.V. has a fifty-two week low of $41.58 and a fifty-two week high of $83.94.

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

LyondellBasell Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 8th. Shareholders of record on Monday, June 1st will be issued a dividend of $0.69 per share. This represents a $2.76 annualized dividend and a dividend yield of 4.3%. The ex-dividend date of this dividend is Monday, June 1st. LyondellBasell Industries’s dividend payout ratio is -110.84%.

About LyondellBasell Industries

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.