Fideuram Intesa Sanpaolo Private Banking S.P.A. Makes New Investment in LyondellBasell Industries N.V. $LYB

Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new stake in LyondellBasell Industries N.V. (NYSE:LYB) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 22,818 shares of the specialty chemicals company’s stock, valued at approximately $1,838,000.

Several other large investors have also recently made changes to their positions in the stock. Stance Capital LLC purchased a new position in shares of LyondellBasell Industries during the 3rd quarter worth approximately $27,000. Banque Cantonale Vaudoise purchased a new stake in LyondellBasell Industries in the first quarter valued at approximately $48,000. Quarry LP acquired a new position in LyondellBasell Industries during the third quarter worth $31,000. Clearstead Advisors LLC lifted its stake in LyondellBasell Industries by 140.3% during the fourth quarter. Clearstead Advisors LLC now owns 668 shares of the specialty chemicals company’s stock worth $29,000 after purchasing an additional 390 shares in the last quarter. Finally, CYBER HORNET ETFs LLC purchased a new position in shares of LyondellBasell Industries during the second quarter worth $39,000. 71.20% of the stock is currently owned by institutional investors and hedge funds.

LyondellBasell Industries Stock Up 0.0%

Shares of NYSE LYB opened at $53.37 on Friday. The stock has a market cap of $17.23 billion, a P/E ratio of -21.44, a PEG ratio of 0.18 and a beta of 0.32. The business’s fifty day simple moving average is $66.09 and its 200-day simple moving average is $61.73. LyondellBasell Industries N.V. has a 12-month low of $41.58 and a 12-month high of $83.94. 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 EPS for the quarter, topping the consensus estimate of $0.31 by $0.18. LyondellBasell Industries had a positive return on equity of 5.68% and a negative net margin of 2.68%.The firm had revenue of $7.20 billion during the quarter, compared to analysts’ expectations of $7.53 billion. During the same period in the previous year, the firm posted $0.33 EPS. LyondellBasell Industries’s revenue for the quarter was down 6.3% on a year-over-year basis. As a group, equities analysts predict that LyondellBasell Industries N.V. will post 8.58 EPS for the current fiscal year.

LyondellBasell Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 8th. Stockholders of record on Monday, June 1st were paid a $0.69 dividend. This represents a $2.76 annualized dividend and a dividend yield of 5.2%. The ex-dividend date was Monday, June 1st. LyondellBasell Industries’s dividend payout ratio (DPR) is presently -110.84%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on LYB shares. Mizuho dropped their price objective on LyondellBasell Industries from $76.00 to $62.00 and set a “neutral” rating for the company in a research note on Wednesday. Alembic Global Advisors lowered their target price on LyondellBasell Industries from $95.00 to $83.00 and set an “overweight” rating for the company in a report on Thursday. Deutsche Bank Aktiengesellschaft lifted their target price on LyondellBasell Industries from $75.00 to $80.00 and gave the company a “hold” rating in a research report on Tuesday, May 5th. BMO Capital Markets increased their price target on shares of LyondellBasell Industries from $82.00 to $88.00 and gave the stock a “market perform” rating in a research report on Tuesday, May 5th. Finally, Evercore raised their price objective on shares of LyondellBasell Industries from $70.00 to $73.00 in a research note on Thursday, May 14th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, eight have assigned a Hold rating and four have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $73.56.

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.