Frank Rimerman Advisors LLC Takes $1.15 Million Position in LyondellBasell Industries N.V. $LYB

Frank Rimerman Advisors LLC purchased a new position in shares of LyondellBasell Industries N.V. (NYSE:LYB) in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 14,281 shares of the specialty chemicals company’s stock, valued at approximately $1,150,000.

Several other large investors have also made changes to their positions in the company. Clearwave Capital LLC bought a new position in LyondellBasell Industries in the first quarter valued at approximately $318,000. Unison Advisors LLC lifted its stake in LyondellBasell Industries by 2.8% during the first quarter. Unison Advisors LLC now owns 45,754 shares of the specialty chemicals company’s stock worth $3,686,000 after purchasing an additional 1,263 shares during the last quarter. Canvas Wealth Advisors LLC bought a new stake in LyondellBasell Industries during the first quarter worth $232,000. Kathmere Capital Management LLC acquired a new stake in shares of LyondellBasell Industries in the 1st quarter valued at $254,000. Finally, Ascentis Independent Advisors bought a new position in shares of LyondellBasell Industries in the 1st quarter valued at $89,000. Institutional investors and hedge funds own 71.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on LYB. JPMorgan Chase & Co. boosted their price target on LyondellBasell Industries from $50.00 to $75.00 and gave the stock a “neutral” rating in a report on Monday, May 4th. Bank of America decreased their target price on LyondellBasell Industries from $68.00 to $48.00 and set an “underperform” rating on the stock in a research report on Tuesday, June 30th. BMO Capital Markets lowered their target price on LyondellBasell Industries from $88.00 to $64.00 and set a “market perform” rating for the company in a research note on Monday. Alembic Global Advisors dropped their target price on shares of LyondellBasell Industries from $95.00 to $83.00 and set an “overweight” rating for the company in a report on Thursday, July 2nd. Finally, Zacks Research downgraded shares of LyondellBasell Industries from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 1st. One research 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 given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $72.22.

LyondellBasell Industries Stock Down 0.7%

Shares of NYSE LYB opened at $55.33 on Friday. The company has a 50 day simple moving average of $64.80 and a 200 day simple moving average of $62.18. The firm has a market cap of $17.86 billion, a PE ratio of -22.22, a price-to-earnings-growth ratio of 0.18 and a beta of 0.32. LyondellBasell Industries N.V. has a 1 year low of $41.58 and a 1 year high of $83.94. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.54 and a quick ratio of 1.03.

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 analysts’ consensus estimates 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 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 firm posted $0.33 EPS. The company’s revenue for the quarter was down 6.3% compared to the same quarter last year. On average, research analysts forecast that LyondellBasell Industries N.V. will post 8.84 EPS 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 issued a dividend of $0.69 per share. This represents a $2.76 dividend on an annualized basis and a dividend yield of 5.0%. The ex-dividend date was Monday, June 1st. LyondellBasell Industries’s 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.