Louisiana State Employees Retirement System Makes New Investment in LyondellBasell Industries N.V. $LYB

Louisiana State Employees Retirement System acquired a new stake in LyondellBasell Industries N.V. (NYSE:LYB) during the first quarter, according to its most recent filing with the SEC. The firm acquired 13,100 shares of the specialty chemicals company’s stock, valued at approximately $1,055,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Capital Research Global Investors boosted its holdings in LyondellBasell Industries by 108.7% in the fourth quarter. Capital Research Global Investors now owns 9,159,702 shares of the specialty chemicals company’s stock valued at $396,615,000 after acquiring an additional 4,770,260 shares during the last quarter. AQR Capital Management LLC raised its holdings in LyondellBasell Industries by 512.9% during the 4th quarter. AQR Capital Management LLC now owns 3,093,318 shares of the specialty chemicals company’s stock worth $133,941,000 after purchasing an additional 2,588,636 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in LyondellBasell Industries by 5,451.2% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,457,591 shares of the specialty chemicals company’s stock valued at $63,114,000 after purchasing an additional 1,431,334 shares during the period. Morgan Stanley lifted its position in LyondellBasell Industries by 16.9% during the 4th quarter. Morgan Stanley now owns 8,971,741 shares of the specialty chemicals company’s stock valued at $388,476,000 after purchasing an additional 1,300,271 shares during the period. Finally, Norges Bank bought a new position in shares of LyondellBasell Industries in the 4th quarter valued at about $52,210,000. Institutional investors own 71.20% of the company’s stock.

LyondellBasell Industries Price Performance

Shares of LYB stock opened at $53.37 on Friday. The company has a quick ratio of 1.03, a current ratio of 1.54 and a debt-to-equity ratio of 1.12. LyondellBasell Industries N.V. has a 12-month low of $41.58 and a 12-month high of $83.94. The firm has a fifty day moving average of $66.09 and a 200-day moving average of $61.73. The firm has a market capitalization of $17.23 billion, a price-to-earnings ratio of -21.44, a price-to-earnings-growth ratio of 0.18 and a beta of 0.32.

LyondellBasell Industries (NYSE:LYB) last posted 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 positive return on equity of 5.68% and a negative net margin of 2.68%.The firm had revenue of $7.20 billion for the quarter, compared to analyst estimates of $7.53 billion. During the same period in the previous year, the company posted $0.33 earnings per share. The company’s revenue for the quarter was down 6.3% on a year-over-year basis. On average, equities research analysts forecast that LyondellBasell Industries N.V. will post 8.58 earnings per share for the current year.

LyondellBasell Industries Announces Dividend

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

Analyst Ratings Changes

Several equities analysts recently weighed in on LYB shares. Deutsche Bank Aktiengesellschaft increased their price objective on shares of LyondellBasell Industries from $75.00 to $80.00 and gave the company a “hold” rating in a report on Tuesday, May 5th. The Goldman Sachs Group upped their target price 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. Morgan Stanley increased their price target on LyondellBasell Industries from $52.00 to $77.00 and gave the company an “overweight” rating in a research note on Tuesday, April 21st. Zacks Research lowered LyondellBasell Industries from a “strong-buy” rating to a “hold” rating in a research report on Wednesday. Finally, Fermium Researc raised LyondellBasell Industries from a “hold” rating to a “strong-buy” rating in a research note on Monday, March 9th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, eight have issued a Hold rating and four have issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $73.56.

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.