ARGA Investment Management LP Sells 26,488 Shares of LyondellBasell Industries N.V. $LYB

ARGA Investment Management LP decreased its holdings in LyondellBasell Industries N.V. (NYSE:LYB) by 34.7% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 49,926 shares of the specialty chemicals company’s stock after selling 26,488 shares during the quarter. ARGA Investment Management LP’s holdings in LyondellBasell Industries were worth $4,022,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. State Street Corp lifted its position in shares of LyondellBasell Industries by 2.7% in the 4th quarter. State Street Corp now owns 13,544,711 shares of the specialty chemicals company’s stock worth $586,486,000 after purchasing an additional 361,761 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in LyondellBasell Industries by 4.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 10,102,068 shares of the specialty chemicals company’s stock worth $437,420,000 after buying an additional 399,130 shares during the period. Capital World Investors lifted its holdings in LyondellBasell Industries by 0.4% in the fourth quarter. Capital World Investors now owns 9,843,930 shares of the specialty chemicals company’s stock worth $426,242,000 after buying an additional 36,187 shares during the period. Capital Research Global Investors boosted its position in LyondellBasell Industries by 108.7% during the 4th 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 in the last quarter. Finally, Morgan Stanley grew its holdings in shares of LyondellBasell Industries by 16.9% during the 4th quarter. Morgan Stanley now owns 8,971,741 shares of the specialty chemicals company’s stock worth $388,476,000 after acquiring an additional 1,300,271 shares during the period. 71.20% of the stock is owned by hedge funds and other institutional investors.

LyondellBasell Industries Trading Up 1.6%

NYSE LYB opened at $56.30 on Friday. 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. The stock’s fifty day moving average price is $64.46 and its 200-day moving average price is $62.14. The stock has a market cap of $18.17 billion, a P/E ratio of -22.61, a P/E/G ratio of 0.18 and a beta of 0.32.

LyondellBasell Industries (NYSE:LYB) last posted its quarterly earnings results on Friday, May 1st. The specialty chemicals company reported $0.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.31 by $0.18. The firm had revenue of $7.20 billion during the quarter, compared to analyst estimates of $7.53 billion. LyondellBasell Industries had a positive return on equity of 5.68% and a negative net margin of 2.68%.LyondellBasell Industries’s quarterly revenue was down 6.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.33 EPS. As a group, equities analysts forecast that LyondellBasell Industries N.V. will post 8.84 EPS for the current fiscal 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 paid a dividend of $0.69 per share. This represents a $2.76 dividend on an annualized basis and a yield of 4.9%. The ex-dividend date was Monday, June 1st. LyondellBasell Industries’s dividend payout ratio (DPR) is currently -110.84%.

Analysts Set New Price Targets

Several research firms recently weighed in on LYB. Zacks Research lowered LyondellBasell Industries from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 1st. JPMorgan Chase & Co. increased their price objective on LyondellBasell Industries from $50.00 to $75.00 and gave the stock a “neutral” rating in a report on Monday, May 4th. Jefferies Financial Group boosted their target price on shares of LyondellBasell Industries from $70.00 to $75.00 and gave the company a “hold” rating in a report on Thursday, April 16th. Royal Bank Of Canada reduced their target price on shares of LyondellBasell Industries from $94.00 to $65.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 1st. Finally, Wolfe Research increased their price target on shares of LyondellBasell Industries from $38.00 to $62.00 and gave the stock an “underperform” rating in a research note on Tuesday, April 14th. 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 assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $72.22.

LyondellBasell Industries 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.