Flax Pond Capital LLC Buys Shares of 80,686 LyondellBasell Industries N.V. $LYB

Flax Pond Capital LLC purchased a new position in shares of LyondellBasell Industries N.V. (NYSE:LYB) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 80,686 shares of the specialty chemicals company’s stock, valued at approximately $3,494,000. LyondellBasell Industries makes up about 2.6% of Flax Pond Capital LLC’s holdings, making the stock its 16th biggest position.

A number of other institutional investors also recently made changes to their positions in the stock. SHP Wealth Management bought a new stake in LyondellBasell Industries during the fourth quarter worth approximately $39,000. Virtu Financial LLC boosted its stake in LyondellBasell Industries by 212.7% during the 4th quarter. Virtu Financial LLC now owns 93,876 shares of the specialty chemicals company’s stock valued at $4,065,000 after purchasing an additional 63,854 shares in the last quarter. MV Capital Management Inc. acquired a new position in shares of LyondellBasell Industries during the 4th quarter valued at $52,000. Sunbelt Securities Inc. increased its position in shares of LyondellBasell Industries by 36.7% during the 4th quarter. Sunbelt Securities Inc. now owns 12,112 shares of the specialty chemicals company’s stock valued at $524,000 after purchasing an additional 3,250 shares during the period. Finally, White Knight Strategic Wealth Advisors LLC raised its stake in shares of LyondellBasell Industries by 20.1% in the 4th quarter. White Knight Strategic Wealth Advisors LLC now owns 5,814 shares of the specialty chemicals company’s stock worth $252,000 after buying an additional 973 shares in the last quarter. 71.20% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages recently weighed in on LYB. Citigroup decreased their target price on LyondellBasell Industries from $90.00 to $80.00 and set a “buy” rating for the company in a research note on Wednesday, May 27th. Evercore boosted their price target on shares of LyondellBasell Industries from $70.00 to $73.00 in a research report on Thursday, May 14th. Vertical Research raised shares of LyondellBasell Industries from a “hold” rating to a “buy” rating and set a $75.00 price target for the company in a report on Monday, March 9th. Mizuho lifted their price objective on shares of LyondellBasell Industries from $74.00 to $76.00 in a research note on Friday, May 1st. Finally, Jefferies Financial Group boosted their target price on shares of LyondellBasell Industries from $70.00 to $75.00 and gave the stock a “hold” rating in a report on Thursday, April 16th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, eight have given a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, LyondellBasell Industries has a consensus rating of “Hold” and an average target price of $76.71.

LyondellBasell Industries Price Performance

LYB stock opened at $59.96 on Friday. LyondellBasell Industries N.V. has a one year low of $41.58 and a one year high of $83.94. The firm has a 50-day moving average of $69.53 and a two-hundred day moving average of $61.02. The firm has a market capitalization of $19.35 billion, a PE ratio of -24.08, a P/E/G ratio of 0.14 and a beta of 0.28. The company has a current ratio of 1.54, a quick ratio of 1.03 and a debt-to-equity ratio of 1.12.

LyondellBasell Industries (NYSE:LYB) last released 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 business had revenue of $7.20 billion for the quarter, compared to the consensus estimate of $7.53 billion. During the same period last year, the firm posted $0.33 earnings per share. The firm’s quarterly revenue was down 6.3% compared to the same quarter last year. On average, analysts forecast that LyondellBasell Industries N.V. will post 8.73 earnings per share for the current year.

LyondellBasell Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 8th. Shareholders of record on Monday, June 1st were given a dividend of $0.69 per share. This represents a $2.76 annualized dividend and a yield of 4.6%. The ex-dividend date was Monday, June 1st. LyondellBasell Industries’s payout ratio is presently -110.84%.

LyondellBasell Industries Company 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.