Fjarde AP Fonden Fourth Swedish National Pension Fund Takes Position in LyondellBasell Industries N.V. $LYB

Fjarde AP Fonden Fourth Swedish National Pension Fund bought a new position in LyondellBasell Industries N.V. (NYSE:LYB) in the first quarter, according to its most recent filing with the SEC. The firm bought 74,600 shares of the specialty chemicals company’s stock, valued at approximately $6,010,000.

Several other large investors also recently bought and sold shares of LYB. Capital World Investors raised its stake in shares of LyondellBasell Industries by 13.1% during the 3rd quarter. Capital World Investors now owns 9,807,743 shares of the specialty chemicals company’s stock valued at $480,972,000 after buying an additional 1,135,258 shares during the last quarter. Bruce & Co. Inc. raised its position in LyondellBasell Industries by 50.0% during the third quarter. Bruce & Co. Inc. now owns 60,000 shares of the specialty chemicals company’s stock valued at $2,942,000 after acquiring an additional 20,000 shares in the last quarter. Barclays PLC lifted its holdings in LyondellBasell Industries by 3.5% in the third quarter. Barclays PLC now owns 1,006,356 shares of the specialty chemicals company’s stock valued at $49,352,000 after acquiring an additional 33,873 shares during the period. Capital International Inc. CA boosted its position in LyondellBasell Industries by 29.2% in the 3rd quarter. Capital International Inc. CA now owns 69,146 shares of the specialty chemicals company’s stock worth $3,391,000 after purchasing an additional 15,644 shares in the last quarter. Finally, Grantham Mayo Van Otterloo & Co. LLC grew its stake in shares of LyondellBasell Industries by 6.3% during the 3rd quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 354,380 shares of the specialty chemicals company’s stock worth $17,379,000 after purchasing an additional 20,906 shares during the period. Hedge funds and other institutional investors own 71.20% of the company’s stock.

LyondellBasell Industries Trading Up 0.0%

NYSE LYB opened at $53.37 on Monday. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.54 and a quick ratio of 1.03. The stock has a market capitalization of $17.23 billion, a P/E ratio of -21.44, a PEG ratio of 0.18 and a beta of 0.32. The firm’s 50-day moving average is $66.09 and its two-hundred day moving average is $61.86. LyondellBasell Industries N.V. has a 12 month low of $41.58 and a 12 month high of $83.94.

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, beating analysts’ consensus estimates of $0.31 by $0.18. The business had revenue of $7.20 billion for the quarter, compared to the consensus estimate of $7.53 billion. LyondellBasell Industries had a negative net margin of 2.68% and a positive return on equity of 5.68%. The business’s revenue was down 6.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.33 EPS. On average, sell-side analysts anticipate that LyondellBasell Industries N.V. will post 8.58 earnings per share for the current year.

LyondellBasell Industries Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the company. Alembic Global Advisors reduced their price target on LyondellBasell Industries from $95.00 to $83.00 and set an “overweight” rating for the company in a report on Thursday. Evercore lifted their price target on shares of LyondellBasell Industries from $70.00 to $73.00 in a research note on Thursday, May 14th. Morgan Stanley upped their price objective on shares of LyondellBasell Industries from $52.00 to $77.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 21st. JPMorgan Chase & Co. boosted their price objective on LyondellBasell Industries from $50.00 to $75.00 and gave the stock a “neutral” rating in a research note on Monday, May 4th. Finally, Jefferies Financial Group increased their price objective on LyondellBasell Industries from $70.00 to $75.00 and gave the company a “hold” rating in a research note on Thursday, April 16th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, eight have issued a Hold rating and four have issued a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average 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.